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17 January 2014

Linkfest: Declining retail; A Volcker rule for Europe? Howard Marks on luck

By Druce Vertes, CFA

Today’s most shared: Fall in mall, big box store traffic may be permanent. Identifying bubbles. Europe looks to ban prop trading at banks. Only in a Wall Street bizarro world could people say DC waged war on Wall Street and … Read more

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16 January 2014

A Cost–Benefit Analysis of Student Loans

By Matt Busigin
Matt Busigin

Rising post-secondary education costs and the additional debt burden they are putting on today’s young adults have become popular topics of discussion. James Altucher stoked much of the present fire with his 2010 piece Don’t Send Your Kids to College. Jeffrey … Read more

3 Comments
16 January 2014

Linkfest: Benchmark-rigging red flags; Did Washington beat Wall Street? Tapering risks for EM

By Druce Vertes, CFA

Today’s most shared: Bank of England got early warning of benchmark-rigging. Did Washington beat Wall Street on post-crisis financial reforms? Tapering could cut flows to emerging markets. The Faustian bargain of long hours on Wall Street. Hedge funds led by … Read more

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15 January 2014

Watch Energy and Guns on the Trip to the Peak

By A. Michael Lipper, CFA
A. Michael Lipper, CFA

Unlike drones and more like electrocardiogram plots, investments rarely go in straight lines but rather undulate, frequently reversing directions, which is normal.  As has been stated in my past posts, I believe that our current journey will take us to … Read more

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15 January 2014

Linkfest: Bank earnings wizardry; Stanley Fischer’s record; Do interest rates drive the business cycle?

By Druce Vertes, CFA

Today’s most shared: Bank earnings have a lot of cookie jars. Stanley Fischer, the IMF, and the Asian debt crisis What quants don’t know Do interest rates drive investment? Robo-advisers – niche or mainstream? Jimmy Fallon and Bruce Springsteen on … Read more

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14 January 2014

What Have We Become? The Wolf of Wall Street vs. It’s a Wonderful Life

By John Bowman, CFA

Many of us had the blessing of spending some quality time with our families over the holiday break. For my family, it was a rewarding time. We played games and sports and watched a lot of movies. In the midst … Read more

12 Comments
14 January 2014

Linkfest: How dealers give some customers bad prices; Fed wants to banish banks from physical commodities; Euro area on the mend

By Druce Vertes, CFA

Today’s most shared: Ring tones, hand signals – how dealers in OTC markets tilt prices against perceived price-insensitive customers. The Fed seeks comment on rule to limit banks’ physical commodities trading. JPMorgan profit hit by settlements. Asian ‘whale’ says Goldman … Read more

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13 January 2014

Linkfest: Big banks out of control? DC to Wall Street revolving door; Why the CAPE is flawed

By Druce Vertes, CFA

Today’s most shared: Is bigger better, or time to break up the big banks? DC-to-Wall-Street revolving door, specifically private equity, makes one question who runs what. Volcker rule effectiveness hinges on the meaning of ‘own’ – accounting rules can make … Read more

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10 January 2014

Linkfest: BlackRock – due diligence or insider ‘edge’? Diluting bank leverage rules; Lampert blogs

By Druce Vertes, CFA

Today’s most shared: BlackRock – just doing their homework, or leveraging scale to tilt the playing field? … Bank leverage rules poised for dilution… The value of sell-side research… $50b mortgage bill for banks… Silicon Valley, from insurgent to incumbent… … Read more

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9 January 2014

Linkfest: Yellen takes over; BlackRock ends surveys to glean early analyst shifts; Deconstructing ‘bubbles’

By Druce Vertes, CFA

Today’s most shared: Janet Yellen ascends, financial world asks what her era will bring… BlackRock agrees to no longer ask analysts for unpublished views… Lenders mine social media for creditworthiness clues… Bitcoins – the BusinessWeek cover indicator is here… Empirical … Read more

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All posts are the opinion of the author. As such, it should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.

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