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28 April 2014

Linkfest: Financial war on Russia; Ending fractional reserve banking; Tight oil

By Druce Vertes, CFA

Today’s most shared: The search for Putin’s treasure intensifies, as do sanctions on Russia, tensions in Eastern Ukraine. Is an end to fractional reserve banking feasible? Fracking restrains oil prices, but the benefits may be less enduring than generally believed. … Read more

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25 April 2014

Linkfest: Housing’s long hangover; Shareholder activists; Buffett MIA in Coca-Cola comp vote

By Druce Vertes, CFA

Today’s most shared: Housing holds back US economy. The case for and against against shareholder activists. One man’s market discipline is another’s short-term focus. Is Buffett shirking a fiduciary duty by abstaining on Coca-Cola compensation vote? Netflix vs. Comcast on … Read more

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24 April 2014

Linkfest: Debate over Piketty intensifies; Should banks create money? Housing won’t save the economy

By Druce Vertes, CFA

Today’s most shared: Piketty, Piketty, and more Piketty. Alternatives to outsourcing money creation to banks. Housing won’t save the economy: Consumer balance sheets improve, but rents go up, construction activity remains low. FCC seeks to salvage something like ‘Net Neutrality’ … Read more

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23 April 2014

Is Leverage Good or Bad?

By Timothy Nuding, CFA
Tim Nuding, CFA

“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” — Archimedes Keen observers of the financial markets and dedicated readers of the financial press over time would be forgiven … Read more

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23 April 2014

Linkfest: Inequality overstated? Exchange heads say, kill dark pools; Is a house a better investment than stocks?

By Druce Vertes, CFA

Today’s most shared: Is inequality overstated? Exchanges, unsurprisingly, don’t like dark pools and think all trading should take place on exchanges. Is a house a better investment than the stock market? When your starting point is ‘short housing’ i.e. you … Read more

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22 April 2014

Linkfest: The decline of the American middle class; Bank reform; How goals can both motivate, misguide

By Druce Vertes, CFA

Today’s most shared: The decline of the American middle and lower classes. Recent history looks increasingly like ‘trickle-up’ economics. Bank reform proves hard as Basel rules spare many derivatives which could result in contagion; Euro banking union remains unwieldy and … Read more

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21 April 2014

Linkfest: Risks of rising rates; Pitfalls of alternative investments; Economics in 1 minute

By Druce Vertes, CFA

Today’s most shared: Risk of rising rates to hit euro periphery, Wall Street trading desks. Hedge funds and VC don’t shine on a risk-adjusted basis. Everything you need to know about economics. Investing is a craft, like making sushi. The … Read more

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18 April 2014

Shallow Investment Pitches Lead to Strikeouts

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

Book value may not be valuable. Changes in reported earnings per share is not growth. How can we use that insight to select funds? I am focusing today on the kinds of “elevator comments” that one hears in the lift … Read more

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18 April 2014

Linkfest: Momentum swings both ways for tech; Self-stabilizing financial markets considered debunked; The financial war vs. Russia

By Druce Vertes, CFA

Today’s most shared: Momentum swings both ways: Hedge funds clobbered by fall in tech stocks, respond by driving them lower. No one still believes financial markets are self-stabilizing. Obama administration warns Wall Street bigs of escalating financial warfare on Russia. … Read more

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17 April 2014

Linkfest: HFT found harmful; Are central banks still in control? Long term unemployment

By Druce Vertes, CFA

Today’s most shared: Are some types of trading negative-sum activities? Can too much liquidity be harmful? Are central bankers out of ammo? If you lose your job in a deep recession, you may be unemployed a long time. New York … 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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