Today’s most shared: ECB opens door to unconventional monetary policy to fight deflation. New York Fed researchers look at the issues of too-big-to-fail banks, including the value of the implicit government backstop. Another giant tech windfall as maker of virtual … Read more
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Today’s most shared: Whether the market is overvalued always comes back to whether profits are sustainable or will revert to the mean. CLOs and CDOs make a comeback, and the SEC investigates whether they are used as a gimmick to … Read more
Leave a CommentToday’s most shared: Did Yellen swing and miss in her first Fed at-bat? The ‘Minsky Moment’ explained. And does the Greenspan/Bernanke/Yellen put help growth in the long run? Michael Pettis on economic consequences of income inequality. Bad economics; Subjective policy … Read more
Leave a CommentToday’s most shared: Yuan’s fall punishes speculators. Russian sanctions punish some financial institutions. Kocherlakota blasts Fed guidance. Volcker rule will force banks to take losses. SEC looking into bond dealers who offer different prices to different market segments. Can the … Read more
Leave a CommentToday’s most shared: A gentleman is never unintentionally rude, and a Fed chair is never unintentionally hawkish. Why do HFT firms rarely lose money? Inside the news sausage factory: It’s only news if someone doesn’t want it in the paper… … Read more
Leave a CommentToday’s most shared: Yellen’s first FOMC meeting as chair, and her first press conference… Allowing any intentional inflation ‘overshoot’ seen explicitly ruled out by policy, and by central banker DNA. Luck v. skill: Bill Gross v. Bill Miller. Why you … Read more
Leave a CommentToday’s most shared: The 1% bounce back from adversity. Phew, that was a close call. As long as productivity rises and the median wage stays flat, the top of the income distribution wins. It’s harder and less profitable to be … Read more
Leave a CommentToday’s most shared: China looks to nail the soft landing, avoid overshooting. Euro rises, yields fall as China exports deflation to Europe. Blackstone slows home buying as prices catch up with rents. Top schools’ online MBAs and massive open online … Read more
Leave a CommentToday’s most shared: ‘Slackers’ v. ‘Quitters’ — More on labor market slack and Fed policy. Regulators call out Wall Street’s culture. Inside the forgery factory: Wells Fargo allegedly documented how to manufacture old mortgage documents when the ones they needed … Read more
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