Today’s most shared: Cohen’s early warning… Senior fraud epidemic… Banks reportedly pay huge fines, but numbers seem inflated… Hypergrowth in smartphone traffic… Questions for 2014: reasons for optimism? … High pressure sales at Wells Fargo… Ackman refuses to capitulate on … Read more
Leave a CommentToday’s most shared: The old boy network is still strong on Wall Street… Mean reversion is a killer — active managers’ outperformance is brief, but fees are forever… Running of the bulls, capitulation of the bears as economy returns to … Read more
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Just in time for the holidays, the US Federal Reserve released its quarterly Z.1 report. Recently retitled Financial Accounts of the United States (formerly Flow of Funds), the new data have provided a new, and perhaps final, chapter in the great financial … Read more
3 CommentsToday’s most shared: Wall Street’s single-family rental profits… SEC shelved cases against Wall Street amid discord… The real lesson we still need to learn from the crisis is how to recover lost output and productivity… EU loses AAA on bank … Read more
Leave a CommentToday’s most shared: The FX ‘fixing’ … The bureaucracy of bank backstops… How the Fed statement changed… The apparent success of QE, so far… Gold drops on taper… Using spy technology to gather trading information… A 2013 chart roundup… Do … Read more
Leave a CommentToday’s most shared: Delaying bank leverage limits… SEC slows enforcement… China bans Bitcoin deposits… EU finance ministers agree to backstop bank rescues (by 2025)… More on Bernanke’s legacy… Italian President warns of social unrest… Krugman says these are the good … Read more
Leave a CommentToday’s most shared: Wealth, world stocks hit new all-time highs… Hedge funds: not actually Wild West gunslingers? … How superrich dodge estate taxes with complex trusts… Unforeseen consequences of the Volcker rule… EU banking union points of contention… Jed Rakoff … Read more
Leave a CommentToday’s most shared: Fed figuring out how to exit QE… TIPS signal inflation undershoot… Bernanke’s legacy… Summers on secular stagnation… EU Commissioner on enduring orthodoxy… Red tape suggests winding up a failing bank will be easier said than done… Fixing … Read more
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(Editor’s note: This article was originally written on 15 December). In a somewhat long, scary piece on the re-hypothecation of gold bars, John Hathaway of Tocqueville Asset Management intones, “In the financial markets, a person that is one step ahead … Read more
Leave a CommentToday’s most shared: Most FOMC members haven’t tipped their hand on tapering… Favorite charts, books of 2013… Fads and themes, by year… The six-hour workday… Investment errors… Social media as real-time instrumentation of the economy. Fed Scorecard: Where Do Officials … Read more
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