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7 July 2014

Linkfest: Inflation debate; Why Barclays lied about dark pool; Is US abusing dollar’s pre-eminence to advance its interests?

By Druce Vertes, CFA

Today’s most shared: Great debate rages on inflation risks. Why Barclays lied: Network effects bring more institutions to the most liquid dark pools, bringing in even more liquidity and feeding a virtuous cycle. Lack of transparency and competition to provide … Read more

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3 July 2014

Linkfest: Strong jobs; Obama, Wall Street bonuses, and moral hazard; Stan O’Neal wants to be forgotten

By Druce Vertes, CFA

Today’s most shared: A strong jobs report. Obama says Wall Street bonuses are a moral hazard, invite excessive risk-taking to earn big bonuses while shareholders and taxpayers bear the downside risk. Also, ‘arbitrage’ doesn’t mean what he thinks it does. … Read more

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2 July 2014

Linkfest: Dimon’s illness; Yellen: financial stability requires regs; “New neutral” and valuations; Bond layoffs

By Druce Vertes, CFA

Today’s most shared: Jamie Dimon says he has cancer. Yellen: Regulation needed to make financial system more stable, can’t rely on monetary policy to counter bubbles. Bill Gross: If “new neutral” means lower real interest rates, valuations are less bubbly … Read more

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1 July 2014

Linkfest: Landmark BNP plea; Global investors reshape NYC; Argentina v. “Vultures;” Massive Hong Kong protests

By Druce Vertes, CFA

Today’s most shared: Long campaign culminates in BNP settlement. Global liquidity, and investors looking for a safe place to park cash, reshape NYC real estate market, and skyline. After long compliance freeze, big brokers start to tweet. “Profitless” Amazon has … Read more

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30 June 2014

Linkfest: Central banks warn of bubbles; ‘Smart beta’ and quant strategies over-hyped? An M&A boom

By Druce Vertes, CFA

Today’s most shared: Central bankers fear easy money is creating new bubbles without healing damage from previous bubbles and financial crisis. ‘Smart beta’ and other quantitative strategies sometimes tout paper-trading track records as if they were real historical returns, with … Read more

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27 June 2014

Linkfest: Did SOX and Reg FD kill the IPO? Clients, counterparties flee Barclays dark pool; Argentina’s payment blocked

By Druce Vertes, CFA

Today’s most shared: Marc Andreessen, whose Netscape launched the late 1990s IPO craze, explains why startups now prefer to stay private as long as possible. Clients, counterparties jump out of Barclays dark pool. Reputational risk, client lawsuits in play if … Read more

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26 June 2014

Linkfest: Dark pool shenanigans; BoE institutes caps mortgage lending; TBTF bailout regimes

By Druce Vertes, CFA

Today’s most shared: Barclays missed the memo that ‘dark’ is of the essence in a dark pool. Apparently one reason their dark pool came from nowhere to lead the industry was, it wasn’t as dark as people thought and the … Read more

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25 June 2014

Linkfest: Negative GDP surprise; Pensions take risks, still underperform; Student debt

By Druce Vertes, CFA

Today’s most shared: GDP revised down… But doesn’t really feel like a shrinking economy. US loosens oil export ban. Pension funds addicted to risk, underperform booming S&P. The student debt debate. Deleveraging: Is it over? Equity crowdfunding appears destined to … Read more

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24 June 2014

Linkfest: Student debt — killing the recovery? Argentina’s conundrum; Core inflation

By Druce Vertes, CFA

Today’s most shared: Student debt: A dream-killing millstone for a few who leave college with giant debts and an unmarketable degree (or no degree) — or a growth-killing millstone crippling the US economy? Is the US Supreme Court’s Argentina ruling … Read more

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23 June 2014

Linkfest: Economy, inflation picking up? Hank Paulson pushes carbon tax; Free portfolios; Walmart vs. NYT

By Druce Vertes, CFA

Today’s most shared: Is inflation picking up as economy gains steam? Hank Paulson favors a carbon tax. Free portfolios will only take you so far. Walmart fact-checks The New York Times. Surely a rise in the minimum wage would hurt … 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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