Today’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
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Economic observers and money managers have faced a confusing environment since last summer, when then-Chairman Ben Bernanke shook the complacency of the market and signaled a tightening. Markets are made at the margin, and in this case the tightening, in … 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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