Today’s most shared: ECB goes where no central banker has gone before, inaugurates a below zero interest rate policy, keeps finger on QE bazooka trigger. Felix Salmon: US abuses dollar’s role to pursue foreign policy interests with BNP, hurting prospects … Read more
Leave a CommentToday’s most shared: France threatens trade war over BNP fine. Foundation of US growth is smaller working population working longer hours for no increase in pay. Is a fund composed of companies vetted by gender diversity a good idea? How … Read more
Leave a CommentToday’s most shared: French see red over US effort to make an example of BNP, while other banks get away with murder. Not to mention BNP can ill afford $10b hit to capital. Are markets overbought, as complacency rules? Technical … Read more
Leave a CommentToday’s most shared: Many investors wrong-footed as US aggregate bond index returns a whopping 2.6% YTD, long bonds 10%. Icahn, Mickelson ensnared in insider trading investigation. Et tu, Lefty? Will there be a backlash against austerity, globalization? Three reasons globalization … Read more
Leave a CommentToday’s most shared: Homeowners tap equity, market volatility measures suggest complacency, TBTF, leverage, opaque derivatives and risk exposures remain…sound familiar? “History repeats itself, first as tragedy, then as farce.” Piketty and the FT, their latest exchange, but not necessarily their … Read more
Leave a CommentToday’s most shared: US GDP revised to show contraction, weather blamed. Leveraged ETFs may blow up, says BlackRock’s Fink. 2014 Internet and tech trends. Piketty gets the cover of BusinessWeek as debate over quality of data rages. Wherever Harvard grads … Read more
Leave a CommentToday’s most shared: Banks allow borrowers to adjust earnings to report less risk to regulators. Goodhart’s law in action, and the Achilles heel of ‘big data.’ Deciding what and how to measure is hard and not value-free. BoE governor criticizes … Read more
Leave a CommentToday’s most shared: Is Piketty’s data fundamentally flawed? Is inequality really a problem, and are his theoretical framework and remedies worthy of the attention they have received? Barbarians at the gates of Europe, as fringe parties win big in elections … Read more
Leave a CommentToday’s most shared: Moderation in volatility inspires greater risk-taking, which will eventually boost volatility. Italy to add black market economy to GDP, including illegal drugs and prostitution. Perhaps if they had added it while ‘Bunga Bunga’ Berlusconi was in charge, … Read more
Leave a CommentToday’s most shared: In many areas, house prices are starting to look high, and it’s cheaper to rent. Wall Street, Google fund small-business lenders with 100% effective interest rates. Geithner book highlights Obama’s caution, leaving financial reform incomplete, with only … Read more
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