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3	With The Unwind Approaching, Here Are $18.6 Billion SAC Capital's Largest Stock Positions - ZeroHedge 4 hours ago shared by @jennablan, @ReformedBroker, @MattGoldstein26 shared by @jennablan: RT @zerohedge: With The Unwind Approaching, Here Are $18.6 Billion SAC Capital's Largest Stock Positions <link> @ReformedBroker: RT @zerohedge: With The Unwind Approaching, Here Are $18.6 Billion SAC Capital's Largest Stock Positions <link> @MattGoldstein26: RT @zerohedge: With The Unwind Approaching, Here Are $18.6 Billion SAC Capital's Largest Stock Positions <link>
6	Personality, social media and marketing: No hiding place - The Economist 10 hours ago shared by @lindayueh, @howardlindzon, @abnormalreturns, @rajunarisetti and 2 more shared by I detect a laid-back personality IN AMERICA alone, people spent $170 billion on “direct marketing”—junk mail of both the physical and electronic... @lindayueh: Your personality from your Tweets 5 key traits: extroversion, agreeableness, conscientiousness, neuroticism, openness <link> @howardlindzon: Yay- The Economist finally gets why Stocktwits & $TWIT (streams of consciousness) are the best 'tell' of personality <link> @abnormalreturns: You can’t fake it for long personality-wise on Twitter. (via @economist) <link> @rajunarisetti: Your personality, from your Twitter stream <link> @EpicureanDeal: Yet another reason not to join social networks under your own name: <link> via @abnormalreturns @davidmwessel: RT @rajunarisetti: Your personality, from your Twitter stream <link>
2	Blackstone notifies Cohen's SAC it intends to pull money: pension consultant - Reuters 9 hours ago shared by @petereavis, @Dvolatility shared by @petereavis: RT @jennablan: Blackstone notifies Steven Cohen's SAC Capital it intends to pull money: pension consultant <link> @Dvolatility: RT @Reuters: Blackstone notifies Cohen's SAC it intends to pull money: pension consultant <link>
2	Kenny Rogers Was Right - derekhernquist.com 11 hours ago shared by @ReformedBroker, @StockTwits shared by "You've got to know when to hold 'em, know when to fold 'em" Kenny Rogers The great 2013 equities rally took a punch this week, and may take a few days to ma @ReformedBroker: "This has been an epic rally of huge mental resistance but little price resistance" - @derekhernquist <link> @StockTwits: Kenny Rogers Was Right <link> via @derekhernquist $$
1	Gold Drops as U.S. Growth Signs Fuel Concern Fed to Cut Stimulus - Bloomberg 10 hours ago shared by FT Alphaville shared by Gold fell for the third time in four days as signs of a rebounding U.S. economy revived concern that the Federal Reserve will scale back monetary stimulus, eroding the appeal of the precious metal as a store of value. FT Alphaville: The (early) Lunch Wrap
2	U.S., China Sign Accord Over Accounting Records - Yahoo! Finance - Yahoo 15 hours ago shared by @kmac, @chinahearsay shared by Inside Real Estate/Staff, New Issue America/New Issue Pipeline, Industry Snapshot/Default, New Issue America/Default, Making Money/Investor's Corner, Front Page News/Feature Story, Front Page News/General ... @kmac: RT @chinahearsay: U.S., China Sign Accord Over Accounting Records - Yahoo! Finance <link>? @chinahearsay: U.S., China Sign Accord Over Accounting Records - Yahoo! Finance <link>?
4	Monetary policy is not interest rate policy - Japanese version - Worthwhile Canadian Initiative 23 hours ago shared by Economist's View, reddit/Economics, @MarkThoma, @edwardnh shared by Economist's View: Links for 05-25-2013 reddit/Economics: Monetary policy is not interest rate policy @MarkThoma: Monetary policy is not interest rate policy - Japanese version - Nick Rowe <link> @edwardnh: Monetary policy is not interest rate policy - Japanese version <link>
7	These 31 charts will destroy your faith in humanity - Washington Post 1 day ago shared by @TheStalwart, @ModeledBehavior, @kairyssdal, @Noahpinion and 3 more shared by Don't believe the optimists. Everything is terrible. @TheStalwart: Brilliant RT @ezraklein: These 31 charts will destroy your faith in humanity <link> @ModeledBehavior: Very funny, also important <link> @kairyssdal: This is brilliant. 31 Charts That Will Destroy Your Faith in Humanity. <link> @Noahpinion: RT @TheStalwart: Brilliant RT @ezraklein: These 31 charts will destroy your faith in humanity <link> @ObsoleteDogma: 31 charts (including some with blue backgrounds) that will DESTROY your faith in humanity by @bradplumer <link> @peter_tl: Brilliant RT @ezraklein: These 31 charts will destroy your faith in humanity <link> @TheArmoTrader: 31 charts that will restore your faith in humanity vs destroy your faith. <link> vs <link>
4	Why Tumblr Was a Massive Steal for Yahoo - AllThingsD 1 day ago shared by @maoxian, @ericjackson, @SconsetCapital, @howardlindzon shared by Knowing that someone follows the NBA Twitter feed is nice; knowing that they hearted an animated GIF of Steph Curry hitting a three is specificity gold. @maoxian: A smart take on the value of Tumblr: <link> \| “readers versus writers” via @ericjackson @ericjackson: I totally agree with with this take on the value of Tumblr and Pinterest <link> @SconsetCapital: "Everyone’s Facebook feed is pretty much the same as everyone else’s of the same age." <link> @howardlindzon: RT @EghosaO: .@ifindkarma: Tumblr Was a Massive Steal for $YHOO <link> outstanding! fractal networks will matter http://t.c…
1	How Gold Rallied for Years on a 'Misunderstanding' - CNBC 17 hours ago shared by Here Is The City shared by According to this expert the rally in gold over several years was based on a misunderstanding. Here Is The City: Why Quantitative Easing Isn't Printing Money
5	Gilian Tett: In with the ‘on’ crowd - Financial Times 1 day ago shared by @Pawelmorski, @TimHarford, @Ian_Fraser, @moorehn, @Kiffmeister shared by Back in early 2007, during the height of the credit bubble, one of Wall Street’s most senior bankers criticised me over some of my articles about the complex credit world. “Why do you keep writing that structured finance is murky and opaque?” he @Pawelmorski: Probably the worst thing Gillian Tett ever wrote that didn't include the word 'Jamie' <link> information corrupts, it seems @TimHarford: MT @stefanstern: Gillian Tett is good here: <link> Connections, cliques and disconnection. @Ian_Fraser: RT @stefanstern: This is good too by Gillian Tett <link> Connections, cliques and disconnection. @moorehn: RT @stefanstern: This is good too by Gillian Tett <link> Connections, cliques and disconnection. @Kiffmeister: Gilian Tett: In with the ‘on’ [Bloomberg] crowd <link> via @FT
7	Caption Contest Friday: Henry Kravis Well Aware That If You Want Something Done Right, You’ve Got To Do It Yourself - Dealbreaker 1 day ago shared by @LaurenLaCapra, @danprimack, @peterlattman, @TheWolf_EB and 3 more shared by @LaurenLaCapra: Caption Contest Friday: Henry Kravis Well Aware That If You Want Something Done Right, You’ve Got To Do It Yourself <link> @danprimack: Henry Kravis waits in line for his burritos just like everybody else <link> @peterlattman: Photo of buyout billionaire Henry Kravis on line at Chipotle. Can afford the extra $2.25 for guacamole. @dealbreaker <link> @TheWolf_EB: Henry Kravis Well Aware That If You Want Something Done Right, You’ve Got To Do It Yourself <link> @PreetaTweets: Billionaires, they're just like us! MT @peterlattman @dealbreaker Photo of Henry Kravis on line at Chipotle. <link> @EconBrothers: Henry Kravis Well Aware That If You Want Something Done Right, You’ve Got To Do It Yourself <link> @moorehn: Even standing at Chipotle, billionaire Henry Kravis looks like he will rip your throat out if you try to cheat him. <link>
2	Growth in Options Trading Helps Brokers but Not Small Investors - New York Times 1 day ago shared by @HamzeiAnalytics, @TMFHousel shared by Brokerage firms say that options, traditionally used by professional traders, can be profitable for ordinary investors, but this does not square with many investors experiences. @HamzeiAnalytics: RT @nytimesbusiness: Growth in #Options Trading Helps #Brokers but Not Small #Investors <link> @TMFHousel: Derivatives made up 40% of Ameritrade's customer trades last year <link>
7	IMF Examines Planned Sovereign Defaults - Wall Street Journal 1 day ago shared by FT Alphaville, @NickMalkoutzis, @GTCost, @jsphctrl, Felix Salmon, @Pawelmorski shared by FT Alphaville: FT Alphaville is taking a break @NickMalkoutzis: Superb analysis by @MatinaStevis of the IMF's latest review of what it got wrong in eurozone bailouts <link> @GTCost: Excellent RT @fwred: If you haven't read @MatinaStevis piece on IMF debt restructuring 'mea culpa', you should <link> @jsphctrl: Really good @MatinaStevis piece on the IMF's... awkwardness about the eurozone in its restructuring paper <link> Felix Salmon: Counterparties: Washing out with the Tide @Pawelmorski: Really really good piece RT @MatinaStevis: IMF Searches Soul, Blames Europe <link> via @WSJ -->on the fund's mea culpa
6	Instagram’s ‘Mr. Wall Street’ -- Daily Intelligencer - New York 1 day ago shared by FT Alphaville, @ReformedBroker, @maxabelson, @volatilitysmile, Felix Salmon, @Dasan shared by Behold the greatest Instagram account ever. FT Alphaville: FT Alphaville is taking a break @ReformedBroker: You can hold off those Douchebag of the Year entries, @kevinroose has found our winner. <link> @maxabelson: Let us all pause to praise @KevinRoose's serious Wall Street @Instagram game <link> @volatilitysmile: Oh Canada RT @ReformedBroker: You can hold off those Douchebag of the Year entries, @kevinroose has found our winner. <link> Felix Salmon: Counterparties: Washing out with the Tide @Dasan: The comments are great @ReformedBroker: Douchebag of the Year , here: @kevinroose has found our winner. <link>
7	The Four Percent Solution - New York Times 1 day ago shared by @TheStalwart, Economist's View, @ModeledBehavior, reddit/Economics and 3 more shared by Larry Ball is right. @TheStalwart: "What do we want? Four percent! When do we want it? Now!" <link> Economist's View: Links for 05-25-2013 @ModeledBehavior: I think he means: "What do we want? 4 percent! When do we want it? Several years ago, sadly..." <link> reddit/Economics: The Four Percent Solution: two main arguments against a higher inflation target. @EmanuelDerman: <link> Krugman: if at 1st u don't succeed, try&try again. Just mandate 4% tax/increment to everything? Would that do it? @MarkThoma: The Four Percent Solution - Paul Krugman <link> @IvanTheK: NOT THIS--> RT @NYTimeskrugman: The Four Percent Solution <link>
1	S.&P. Has More Than Doubled Under Obama - New York Times 1 day ago shared by @JustinWolfers shared by The Standard & Poors 500-stock index has more than doubled since Barack Obama took office, an accomplishment achieved by only four other presidents. @JustinWolfers: Stocks have more than doubled under Obama. Just imagine how well we would be doing if he didn't insist on Socialism.<link>
4	Yahoo Submits Bid for Hulu - Peter Kafka - News - AllThingsD 1 day ago shared by @StKonrath, @newsycombinator, @Dvolatility, @Techmeme shared by Add one more name to Hulu bidding derby: Yahoo, which just announced plans to buy Tumblr for $1.1 billion, has made an offer on the video Web site as well. @StKonrath: Yahoo made an offer for Hulu (sources), by @pkafka <link> @newsycombinator: Yahoo submits bid for Hulu <link> @Dvolatility: Yet Another Hulu Bidder! Yahoo Is In, Too. <link> @Techmeme: Yet Another Hulu Bidder! Yahoo Is In, Too. (@pkafka / AllThingsD) <link> <link>
3	The week in American monetary policy: Parsing the Federal Reserve - The Economist 1 day ago shared by Economist's View, @JustinWolfers, @MarkThoma shared by The Federal Reserve left a lot of people scratching their heads this week. Between Chairman Ben Bernanke’s testimony, and the release of the minutes to the May... Economist's View: Links for 05-25-2013 @JustinWolfers: This is how complicated the Fed's communications strategy is.<link> (by @greg_ip) @MarkThoma: Parsing the Federal Reserve - Free exchange <link>
6	Who Should Bear the Pain? - Bloomberg 1 day ago shared by Free Exchange, FT Alphaville, @Noahpinion, @Ian_Fraser, @eisingerj, @DavidSchawel shared by When things go wrong, someone has to pay. But who? Free Exchange: The wages of sin FT Alphaville: FT Alphaville is taking a break @Noahpinion: Matthew C. Klein continues his journey toward the Austrian worldview: <link> @Ian_Fraser: RT @anatadmati: Great piece on key issue: Who Should Bear the Pain? zombie banks alive is opposite of right outcome <link> … @eisingerj: V good MT @Matthew_C_Klein: What if our unwillingness to punish reckless lenders crippled economy for a generation? <link> @DavidSchawel: RT @Matthew_C_Klein: Contra @felixsalmon, we always have to pay a price for past sins. Question is who pays what: <link> vi…
3	From Now On Goldman Will Only Sell A Product To Clients If Some Goldman Partners Understand It - Dealbreaker 1 day ago shared by @LaurenLaCapra, @volatilitysmile, @creditplumber shared by @LaurenLaCapra: RT @dealbreaker: From Now On Goldman Will Only Sell A Product To Clients If Some Goldman Partners Understand It <link> @volatilitysmile: RT @dealbreaker: From Now On Goldman Will Only Sell A Product To Clients If Some Goldman Partners Understand It <link> @creditplumber: Matt Levine defends risk asymmetry & the value banks like $GS can create [transparently] with smoke, mirrors & cmtees <link>
4	When a Billionaire Speaks Off the Cuff - New York Times 1 day ago shared by Abnormal Returns, @SimoneFoxman, @HamzeiAnalytics shared by A furor has erupted over comments made by Paul Tudor Jones, a billionaire hedge fund manager and philanthropist, who was captured on video trying to explain why there is a scarcity of female traders. Abnormal Returns: Friday links: just because you can… @SimoneFoxman: RT @williamalden: Shout-outs to @lopezlinette @SimoneFoxman @alebenthal @SRuhle @ritholtz on PTJ <link> @HamzeiAnalytics: RT @nytimes: When a billionaire speaks off the cuff via @DealBook <link> // another good read
3	Troika distorted ‘dirty money’ findings - Cyprus Mail - cyprus-mail.com 1 day ago shared by @GTCost, @SimoneFoxman, @FGoria shared by @GTCost: RT @FGoria: Cyprus --> Troika distorted ‘dirty money’ findings <link> @SimoneFoxman: RT @FGoria: Cyprus --> Troika distorted ‘dirty money’ findings <link> @FGoria: Cyprus --> Troika distorted ‘dirty money’ findings <link>
3	A Rush to Recruit Young Analysts, Only Months on the Job - New York Times 1 day ago shared by Abnormal Returns, Felix Salmon, @EpicureanDeal shared by For Wall Street’s top young analysts, landing at a prestigious investment bank out of college was the easy part. Now comes the fierce competition to line up a high-paying job at a prominent buyout fund, just months into their first professional jobs. Abnormal Returns: Friday links: just because you can… Felix Salmon: Counterparties: Washing out with the Tide @EpicureanDeal: Private equity and hedge funds are idiotic recruiting junior talent so early. First year analysts aren't even weaned: <link>
4	Fed Sent $15 Billion to Treasury in First Quarter - Wall Street Journal 1 day ago shared by @mark_dow, Economist's View, @MarkThoma, @IvanTheK shared by @mark_dow: Say hello to the REAL carry trade RT @IvanTheK:Dividend income FTW.RT @michaelsderby:Fed Sent $15b to Treasury in Q1 <link> Economist's View: Links for 05-25-2013 @MarkThoma: Fed Sent $15 Billion to Treasury in First Quarter - WSJ <link> @IvanTheK: Dividend income FTW. RT @michaelsderby: Fed Sent $15 Billion to Treasury in First Quarter <link>
7	The Collapse Of Infrastructure Spending In One Chart - Business Insider 1 day ago shared by @AntDeRosa, @Dvolatility, Abnormal Returns, @davewiner, @cate_long, @IvanTheK shared by Levels not seen in years. @AntDeRosa: RT @hblodget: Congress is starving America's infrastructure to death [CHART] <link> Heckuva job, heckuva job @Dvolatility: The Collapse Of Public Infrastructure Spending In One Chart <link> via @businessinsider Abnormal Returns: Friday links: just because you can… @davewiner: The Collapse Of Infrastructure Spending In One Chart. <link> @cate_long: State/local spending squeezed "@Pat_Garofalo: Today's depressing infrastructure spending chart <link> (Via @TheStalwart) @IvanTheK: "Nothing is likely to happen, however." \| The Collapse Of Infrastructure Spending In One Chart <link>
4	Merrill Lynch on Labor Force Participation Rate - Calculated Risk 1 day ago shared by Business Insider, Abnormal Returns, reddit/Economics, @calculatedrisk shared by Business Insider: MICHELLE MEYER: The Labor Force Participation Rate's Freefall Is About To Stop Abnormal Returns: Friday links: just because you can… reddit/Economics: Merrill Lynch analyst on Labor Force Participation Rate: Upward cyclical pressure not expected until 2015, downward demographic pressure leading from 63% now to 61% in 2025. @calculatedrisk: Merrill Lynch on Labor Force Participation Rate <link>
6	Wonkbook: Some very good news for Obamacare - Washington Post 1 day ago shared by @AntDeRosa, @petereavis, @TheArmoTrader, @davidmwessel, @grossdm, Marginal Revolution shared by The biggest state in the union released the prices on its health insurance exchange yesterday, and they're lower than anyone expected. @AntDeRosa: Obamacare in California looks very, very good <link> @petereavis: RT @ezraklein: Wonkbook: Some very good news for Obamacare <link> @TheArmoTrader: RT @AntDeRosa: Obamacare in California looks very, very good <link> @davidmwessel: California health exchange premiums (lower than some feared) are good news for Obamacare <link> via @ezraklein @grossdm: RT @davidmwessel: California health exchange premiums (lower than some feared) are good news for Obamacare <link> via @ezr… Marginal Revolution: Assorted links
4	Democrats Cannot Control Wall Street - robertreich.org 1 day ago shared by Economist's View, @MarkThoma, @businessinsider, @Ian_Fraser shared by Many Democrats still have strong ties to Wall Street, which will limit their ability to control the industry. Economist's View: Links for 05-25-2013 @MarkThoma: Why Democrats Can't be Trusted to Control Wall Street - Robert Reich <link> @businessinsider: ROBERT REICH: Democrats Can't Be Trusted To Control Wall Street <link> @Ian_Fraser: RT @MarkThoma: Why Democrats Can't be Trusted to Control Wall Street - Robert Reich <link>
5	The Bank of Japan must crush all resistance, and will do so – Telegraph Blogs - The Telegraph 1 day ago shared by @EconBrothers, @edwardnh, reddit/Economics, @firoozye, @tomkeene shared by Kudos to Kyle Bass at Hayman Advisers for warning that the Bank of Japan would lose control of its ¥70 trillion bond buying blitz. The spike in the 10-year yield to 1pc on Thursday was certainly shocking to behold. His point is that the BoJ faces a “rational investor paradox”. The authorities are trying to [...] @EconBrothers: The Bank of Japan must crush all resistance, and will do so <link> via Telegraph @edwardnh: Evans-Pritchard: The Bank of Japan must crush all resistance, and will do so <link> reddit/Economics: The Bank of Japan must crush all resistance, and will do so @firoozye: The Bank of Japan must crush all resistance, and will do so - <link> @tomkeene: <link> #japan
3	The case for 4% inflation - VOX 1 day ago shared by reddit/Economics, @lindayueh, @D_Blanchflower shared by reddit/Economics: The Case for 4% Inflation @lindayueh: case for 4% inflation: implies rates also higher, can fall by more before hit 0, more likely restore full employment <link> @D_Blanchflower: RT @johnvanreenen: A persuasive case for a 4% #inflation target <link> by Larry Ball @voxeu
5	Fannie Mae Winning at the Alamo Prompts Lender Angst - Bloomberg 1 day ago shared by @TheStalwart, Felix Salmon, @Dvolatility, @AlephBlog, @LaurenLaCapra shared by Fannie Mae is snatching potential profits away from mortgage lenders as it posts record earnings that are fueling industry concern the government-backed company is regaining its swagger even as lawmakers plot its demise. @TheStalwart: Awesome to see Fannie Mae thriving again <link> A true back-from-the-dead American success story. Felix Salmon: Counterparties: Washing out with the Tide @Dvolatility: RT @ZTracer: Fannie Mae's got its swagger back: <link> via @JodyShenn @dakincampbell #swag @AlephBlog: Fannie Mae Profiting as Market Middleman Angers Lenders <link> If we really want 2wind down F&F, we should end purchases $$ @LaurenLaCapra: Fannie Mae, which owes taxpayers $80.5B, appears to be "regaining its swagger." Somehow. <link>
2	U.S. infrastructure spending has plummeted since 2008 - Washington Post 1 day ago shared by Abnormal Returns, @cate_long shared by The collapse of a bridge along I-5 in Washington has revived the debate over whether Congress should spend more to repair the nation's aging roads and bridges. Abnormal Returns: Friday links: just because you can… @cate_long: Medicaid? "@bradplumer: US highway & bridge spending has plummeted since 2008, mainly because states are pulling back <link>
2	The Fed as a Fig Leaf - A Dash of Insight 1 day ago shared by Abnormal Returns, @TMFHousel shared by Abnormal Returns: Friday links: just because you can… @TMFHousel: From <link>
2	What A.G. Lafley's Return Means for P&G - Sarah Green - Our Editors - HBR 1 day ago shared by @foxjust, @HamzeiAnalytics shared by The challenge is not brand extensions, but creating new categories. @foxjust: .@RosabethKanter on Lafley's return <link> @HamzeiAnalytics: RT @HarvardBiz: .@RosabethKanter on what A.G. Lafley's return means for P&G. <link>
3	Gold Traders Most Bullish in a Month After Bernanke: Commodities - Bloomberg 1 day ago shared by @ritholtz, The Big Picture, @Dvolatility shared by Gold traders are the most bullish in a month after Federal Reserve Chairman Ben S. Bernanke signaled record stimulus will continue until the economy improves. @ritholtz: Gold Traders Most Bullish in a Month After Bernanke: Commodities <link> via @BloombergNews The Big Picture: 10 Friday AM Reads @Dvolatility: Gold Traders Most Bullish in a Month After Bernanke: Commodities <link> via @BloombergNews
1	Fed 1st Quarter Payment to Treasury Down 36% From Year Ago - Bloomberg 1 day ago shared by reddit/Economics shared by Profits on the Federal Reserve’s balance sheet, which are handed over to the Treasury, were down 36 percent in the first quarter of 2013 from a year earlier, as the central bank’s interest income dropped. reddit/Economics: Fed 1st Quarter Payment to Treasury Down 36% From Year Ago
4	What’s Next for the Greek Economy? - MoneyBeat - WSJ - Wall Street Journal 1 day ago shared by Abnormal Returns, @economistmeg, @NickMalkoutzis, @EfiEfthimiou shared by Abnormal Returns: Friday links: just because you can… @economistmeg: RT @EfiEfthimiou: Exotix's @GabrielSterne attaches 50% probability to the "recovery scenario" in #Greece <link> @NickMalkoutzis: RT @EfiEfthimiou: Exotix's @GabrielSterne attaches 50% probability to the "recovery scenario" in #Greece <link> @EfiEfthimiou: Exotix's @GabrielSterne attaches 50% probability to the "recovery scenario" in #Greece <link>
4	The Stock Market Has Been Very Generous to Gamblers - priceactionlab.com 1 day ago shared by Abnormal Returns, @StockTwits, Reformed Broker, @derekhernquist shared by Abnormal Returns: Friday links: just because you can… @StockTwits: The Stock Market Has Been Very Generous to Gamblers <link> via @mikeharrisNY $SPY $ES_F Reformed Broker: Hot Links: Generous to Gamblers @derekhernquist: always thought provoking RT @mikeharrisny: The Stock Market Has Been Very Generous to Gamblers <link> $study
21	Bank's Lobbyists Help in Drafting Financial Bills - New York Times 1 day ago shared by @kmac, @ThemisSal, @AntDeRosa, Felix Salmon, Naked Capitalism and 16 more shared by Citigroup’s ideas were reflected in more than 70 lines of one 85-line bill. @kmac: .@S_Rabinovitch @vshih2 meanwhile, in the US... Bank’s Lobbyists Help in Drafting Financial Bills <link> @ThemisSal: RT @connaje: Bank's Lobbyists Help in Drafting Financial Bills <link> A bill rep'd by House Finl Servs Comm was essentiall… @AntDeRosa: Guess whose writing the bank regulation bills. Too big to nail. <link> Felix Salmon: Counterparties: Washing out with the Tide Naked Capitalism: Links 5/24/13 reddit/Economics: Banks' Lobbyists Help in Drafting Financial Bills @ProPublica: RT @amandablair: Citigroup's recs reflected in 70 lines ofHouse finance committee's new 85-line bill. <link> #muckreads @ryanchittum: "Citigroup’s recommendations were reflected in more than 70 lines of the House committee’s 85-line bill." <link> @AlephBlog: Banks' Lobbyists Help in Drafting Financial Bills <link> Basic goals: min capital reqs, max flexibility, weaken regs $$ @davidenrich: Citigroup is literally writing US banking laws. <link> @edwardnh: RT @cate_long: Banks' Lobbyists Help in Drafting Financial Bills <link> #banksrunningCongress @morningmoneyben: Tons of email this am noting re NYT A1 piece that love or hate it lobbyists have long helped draft bill language. <link> @motokorich: This kind of thing always ends well: Banks' Lobbyists Help in Drafting Financial Bills <link> by Eric Lipton & @benprotess @rjocean: Yuck and reality <link> @creditplumber: Congressman & ex-banker on financial lobby:"It’s appalling, it’s disgusting.It’s unfortunately the world we live in.” <link> @bobivry: One bill that sailed through the House Financial Services Committee was essentially written by Citigroup <link> @connaje @JoeSaluzzi: RT @Bettermarkets: Back to business as usual in Congress: "Bank’s Lobbyists Help in Drafting Financial Bills": <link> @nyti… @cate_long: Banks' Lobbyists Help in Drafting Financial Bills <link> #banksrunningCongress @neilbarofsky: Shocker of the day: The Big Banks are contributing more than ever to Congress. Result? They write their own laws. <link> @moorehn: Who wrote the legislation watering down derivatives regulation? "Essentially Citigroup's" lobbyists. <link> @nasiripour: RT @susannecraig: Bank's Lobbyists Help in Drafting Financial Bills <link>
3	Veteran fears 'beginning of the end' for Japan as bond market buckles - The Telegraph 1 day ago shared by Naked Capitalism, reddit/Economics, @NicTrades shared by Global markets face a witches’ brew of new risks as Japan’s monetary adventure wobbles, China slows further and the US Fed prepares to shut the spigot of dollar liquidity. Naked Capitalism: Links 5/25/13 reddit/Economics: Veteran fears 'beginning of the end' for Japan as bond market buckles @NicTrades: Veteran fears 'beginning of the end' for Japan as bond market buckles<link>
3	How Mervyn King Lost the Battle of Britain’s Banks - Wall Street Journal 1 day ago shared by @Pawelmorski, @EpicureanDeal, @NicTrades shared by @Pawelmorski: RT @dsquareddigest: when bankster-bashing has real world consequences <link> brilliant & devastating piece from @Simon_Nixon @EpicureanDeal: RT @dsquareddigest: when bankster-bashing has real world consequences <link> brilliant & devastating piece from @Simon_Nixon @NicTrades: How Mervyn King Lost the Battle of Britain’s Banks WSJ <link> by @Simon_Nixon
6	Special Report: The deeper agenda behind 'Abenomics' - Reuters 1 day ago shared by @kmac, FT Alphaville, @Noahpinion, @davidgaffen, @YanniKouts, @CardiffGarcia shared by @kmac: Abe's big goal: rewriting Japan constitution and 'true conservatism'. Abenomics bit of an afterthought? - Reuters <link> FT Alphaville: FT Alphaville is taking a break @Noahpinion: Read this article to find out where my skepticism of Shinzo Abe comes from: <link> @davidgaffen: Special Report: The deeper agenda behind "Abenomics" <link> via @reuters @YanniKouts: Special Report: The deeper agenda behind 'Abenomics' <link> /via @Reuters #economy #Japan @CardiffGarcia: Retuers: The deeper agenda behind Abenomics -- <link>
5	The Eurozone's economy could surprise to the upside - Sober Look 1 day ago shared by Abnormal Returns, @YanniKouts, @EconBrothers, Felix Salmon, @businessinsider shared by Abnormal Returns: Friday links: just because you can… @YanniKouts: 'The Eurozone's economy could surprise to the upside' <link> /via ‏@SoberLook #euro @EconBrothers: The Eurozone's economy could surprise to the upside <link> Felix Salmon: Counterparties: Washing out with the Tide @businessinsider: Europe May Finally Be In A Position To Surprise Economists To The Upside <link>
6	Japan the Model - New York Times 1 day ago shared by Economist's View, @ritholtz, reddit/Economics, Crossing Wall Street and 2 more shared by Japan appears to be turning around its economy. Could its economic experiment be the last, best hope for recovery for the rest of the world? Economist's View: Paul Krugman: Japan the Model @ritholtz: Japan the Model: We are in economic terms, all Japanese <link> reddit/Economics: Japan the Model Crossing Wall Street: Morning News: May 24, 2013 The Big Picture: 10 Friday AM Reads @DougKass: RT @notaers: @DougKass <link>
1	Why Sales Of New Homes Should Keep Rising For A Long Time - Calculated Risk 1 day ago shared by @businessinsider shared by The comeback is just getting started. @businessinsider: Why Sales Of New Homes Should Keep Rising For A Long Time <link>
5	Notes from the PIMCO Investment Summit with Mohamed El-Erian - The Reformed Broker 1 day ago shared by Business Insider, @mark_dow, The Big Picture, @credittrader, @StockTwits shared by I've heard just about all of the great investors of our time speak by now and suffice it to say that the bar for me to be impressed is pretty high. But PIMC Business Insider: El-Erian's 6 Rules On Running Your Portfolio @mark_dow: He's got serious skills RT @ReformedBroker: NOTES FROM THE @PIMCO INVESTMENT SUMMIT WITH MOHAMED EL-ERIAN <link> The Big Picture: 10 Friday AM Reads @credittrader: "Notes from the PIMCO Investment Summit with Mohamed El-Erian" <link> @StockTwits: Notes from the PIMCO Investment Summit with Mohamed El-Erian <link> via @reformedbroker $MACRO
5	P&G Brings Back Former CEO Lafley as McDonald Retires - Wall Street Journal 1 day ago shared by Business Insider, Abnormal Returns, NYT Dealbook, Felix Salmon, @nancefinance shared by Procter & Gamble said A.G. Lafley has rejoined the company as president and chief executive, succeeding Bob McDonald. Business Insider: HARD CHOICES: Why Returning CEO AG Lafley Could Save Procter & Gamble (PG) Abnormal Returns: Friday links: just because you can… NYT Dealbook Felix Salmon: Counterparties: Washing out with the Tide @nancefinance: P&G brings back the old boss to talk the helm. <link> $PG
22	Paul Tudor Jones: In macro trading, babies are a ‘killer’ to a woman’s focus - Washington Post 2 days ago shared by NYT Dealbook, @peterlattman, @cafreeland, @LongShortTrader and 17 more shared by “As soon as that baby’s lips touched that girl’s bosom, forget it,” Jones said at a U-Va. symposium in April. NYT Dealbook @peterlattman: MT @weymouthk Hedge fund titan Paul Tudor Jones says in macro investing, babies are a ‘killer’ to a woman’s focus: <link> @cafreeland: RT @cr_harper: Paul Tudor Jones: In macro trading, babies are a ‘killer’ to a woman’s focus <link> via @washingtonpost @LongShortTrader: Paul Tudor Jones shares his thoughts on women in the hedge fund industry (specifically in macro) <link> h/t @Kelly_Bit @mattbish: “You will never see as many great women investors or traders as men, period, end of story”: Tudor Jones blames babies <link> @StreetEYE: Paul Tudor Jones busted by the PC police <link> @LaurenYoung: Paul Tudor Jones: In macro trading, babies are a ‘killer’ to a woman’s focus <link> Alright, then... @pkedrosky: RT @Kelly_Bit: Paul Tudor Jones says babies are a "killer" to a woman's focus, also talks about breast feeding: <link> @AlephBlog: Paul Tudor Jones: Macro trading, babies r a ‘killer’ 2a woman’s focus <link> Any significant outside activity hams focus $$ @tomkeene: RT @Kelly_Bit: Paul Tudor Jones says babies are a "killer" to a woman's focus, also talks about breast feeding: <link> @ToddSullivan: RT @misstrade: Paul Tudor Jones: In macro trading, babies a ‘killer’ to woman’s focus <link> i'd contend <30 Male Ego Worse @SconsetCapital: Oof. RT @ImogenNYC: OMG. Paul Tudor Jones: In macro trading, babies are a ‘killer’ to a woman’s focus <link> @washingtonpost @footnoted: Ugh! Babies kill women's focus, but not men's? So says HF giant Paul Tudor Jones <link> via @SlaughterAM Reformed Broker: Hot Links: Generous to Gamblers @MissTrade: Paul Tudor Jones: In macro trading, babies are a ‘killer’ to a woman’s focus <link> i'd contend under 30 Male Ego Worse Abnormal Returns: Friday links: just because you can… @PreetaTweets: Paul Tudor Jones basically tells women leaning-in ain't happening if babies are in the way or something via @moorehn <link> @counterparties: RT @cr_harper: Paul Tudor Jones: In macro trading, babies are a ‘killer’ to a woman’s focus <link> via @washingtonpost Felix Salmon: Counterparties: Meaningless plunge @moorehn: Paul Tudor Jones, billionaire hedge fund manager, to women: you'll never get anywhere as long as you have babies. <link> @NicTrades: Paul Tudor Jones rare video interview: In macro trading, babies are a ‘killer’ to a woman’s focus <link> via @washingtonpost
2	Google faces fresh inquiry from FTC - Financial Times 1 day ago shared by Economist's View, @MarkThoma shared by The US Federal Trade Commission has begun an informal inquiry into Google’s display advertising business, opening a new front in the internet search company’s antitrust battles just months after it appeared to resolve earlier investigations on both Economist's View: Links for 05-24-2013 @MarkThoma: Google faces fresh inquiry from FTC - <link> <link>
2	Procter & Gamble brings back former CEO to fix company - Reuters 1 day ago shared by FT Alphaville, Crossing Wall Street shared by FT Alphaville: The (early) Lunch Wrap Crossing Wall Street: Morning News: May 24, 2013
6	Paul Tudor Jones’s ‘principles’ for investing and trading superstardom - Financial Times 2 days ago shared by @markgongloff, @kmac, @NicTrades, @humenm, Abnormal Returns, @moorehn shared by @markgongloff: Calm down, all Paul Tudor Jones is saying is that only sad losers have work-life balance <link> & <link> @kmac: More on Paul Tudor Jones' theory of mammary gland determinism <link> @NicTrades: This RT @CardiffGarcia You're welcome: <link> @humenm: Prepare to cringe - Paul Tudor Jones’s ‘principles’ for investing and trading superstardom \| FT Alphaville - <link> Abnormal Returns: Friday links: just because you can… @moorehn: RT @kmac: More on Paul Tudor Jones' theory of mammary gland determinism <link>
1	Google Considers Outbidding Facebook To Buy Waze For ~$1 Billion – Report - Business Insider 2 days ago shared by @Techmeme shared by Google Considers Outbidding Facebook To Buy... @Techmeme: Google Considers Outbidding Facebook To Buy Waze For ~$1 Billion - Report (@nichcarlson… <link> <link>
3	Fed Study Rebuts Banks on Swipe Fees - Wall Street Journal 2 days ago shared by Economist's View, @MarkThoma, @nasiripour shared by Small banks and credit unions were able to charge merchants slightly more than double the average fee of large lenders for debit-card transactions. Economist's View: Links for 05-24-2013 @MarkThoma: Fed Study Rebuts Banks on Swipe Fees - WSJ <link> @nasiripour: RT @sabrush: Fed Study Rebuts Banks on Swipe Fees <link>
4	The Fed and Shadow Banking - The Grumpy Economist 2 days ago shared by @delong, @MarkThoma, @Noahpinion, Marginal Revolution shared by @delong: .@Noahpinion @markthoma but cash is as good as cash as cash if you want to repo something. So isn't this pure derp? <link> @MarkThoma: The Fed and Shadow Banking - John Cochrane <link> @Noahpinion: John Cochrane offers a theory of why QE might be contractionary: <link> h/t @MarkThoma Marginal Revolution: Can we imagine a world in which “expansionary” open market operations are in fact contractionary?
7	Goldman Sachs: No God's Work, No Bonus - Bloomberg 2 days ago shared by NYT Dealbook, @StreetEYE, Here Is The City, @howardlindzon and 3 more shared by Goldman Sachs Group Inc. linked bonuses and promotions to employees’ success in protecting the firm’s reputation and put new restrictions on some client transactions to avoid a repeat of the damage to its standing in the wake of the financial crisis. NYT Dealbook @StreetEYE: Goldman Sachs: No God's Work, No Bonus <link> Here Is The City: Goldman Sachs Links Bonuses To Protecting Firm Reputation @howardlindzon: Goldman Sachs adds Gamification to their compensation system - code name: 'sheisting with friends' <link> $gs #lame @JohnLothian: Goldman Sachs Links Bonuses to Protecting Firm Reputation <link> @volatilitysmile: RT @BloombergNews: Goldman Sachs links bonuses, promotions to employees’ success in protecting firm’s reputation \| <link> Felix Salmon: Counterparties: Washing out with the Tide
3	ECB: Building stability and sustained prosperity in Europe - ECB 2 days ago shared by @LemaSabachthani, @ecb, @economistmeg shared by @LemaSabachthani: Building stability and sustained prosperity in Europe – Mario Draghi. London, May 23 <link> @ecb: Speech Mario Draghi: Building stability and sustained prosperity in Europe <link> @economistmeg: RT @ecb: Speech Mario Draghi: Building stability and sustained prosperity in Europe <link>
12	Elementary, My Dear Watanabe-san (Somewhat Wonkish) - New York Times 2 days ago shared by @carney, Economist's View, reddit/Economics, Marginal Revolution and 8 more shared by What was that about? @carney: Krugman's theory of the Japan sell-off. <link> Economist's View: Links for 05-24-2013 reddit/Economics: Krugman's analysis of the sudden 7 percent plunge in the Nikkei. Marginal Revolution: Assorted links Business Insider: The Japanese Market Crash Was Utterly Predictable And Simple To Explain FT Alphaville: The Closer @Noahpinion: I do not buy Krugman's theory of the Japan sell-off. <link> Why would expectations of BOJ policy change so suddenly??? @MarkThoma: Elementary, My Dear Watanabe-san (Somewhat Wonkish) - Paul Krugman <link> @TheArmoTrader: Contraction leads to expansion, expansion to contraction... RT @carney: Krugman's theory of the Japan sell-off. <link> @jbarro: RT @davidmwessel: Krugman tries to explain today's Nikkei plunge. <link> @davidmwessel: Krugman tries to explain today's Nikkei plunge. <link> Felix Salmon: Counterparties: Meaningless plunge
14	Europe’s Lost Keynesians by Kenneth Rogoff - Project Syndicate 2 days ago shared by @GavanNolan, @counterparties, Free Exchange, @cafreeland, @GTCost and 9 more shared by There is no magic Keynesian bullet for the eurozone’s woes, despite what many commentators and much of the public seem to believe. The eurozone’s difficulties stem from European financial and monetary integration having gotten too far ahead of actual political, fiscal, and banking union – not exactly a problem that Keynes tried to address. @GavanNolan: RT @ProSyn: "Europe’s Lost Keynesians" -- Kenneth Rogoff examines the #eurozone crisis <link> @counterparties: Rogoff: Any realistic strategy for dealing with the Euro crisis must involve massive write downs of debt <link> Free Exchange: Link exchange @cafreeland: RT @ProSyn: "Europe’s Lost Keynesians" -- Kenneth Rogoff examines the #eurozone crisis <link> @GTCost: RT @ProSyn: Kenneth Rogoff: "There is no magic Keynesian bullet for the eurozone’s woes." <link> @businessinsider: ROGOFF: There's No Magic Keynesian Bullet That'll Save Europe by @prosyn <link> @vali_nasr: Europe’s Lost Keynesians <link> @delong: RT @ProSyn: Brad @DeLong responds to Kenneth Rogoff's most recent ProSyn article (see the comment on the right): <link>. @edwardnh: Inflammatory stuff? Europe’s Lost Keynesians by Kenneth Rogoff - Project Syndicate <link> @firoozye: Europe’s Lost Keynesians - <link> @rodrikdani: Ken Rogoff not well served this time by his editor's title choice <link> @davidmwessel: Rogoff: Any realistic eurozone strategy involves big writedown (forgiveness) of periphery nations' debts <link> Felix Salmon: Counterparties: Meaningless plunge @CMEGroup: There is no magic Keynesian bullet for Europe via @prosyn <link>
4	Reform the Corporate Income Tax, Don’t Ditch It -- Daily Intelligencer - New York 2 days ago shared by @markgongloff, reddit/Economics, @TheArmoTrader, @ezraklein shared by A (partial) defense of a very unpopular idea. @markgongloff: In which @kevinroose makes winning arguments in favor of a corporate tax <link> via @Intelligencer reddit/Economics: Reform the Corporate Income Tax, Don't Ditch It. (Since we've seen arguments against corp. tax, let's talk counter-points) @TheArmoTrader: RT @kevinroose: You are all WRONG. Here is why the corporate income tax is necessary: <link> @ezraklein: RT @kevinroose: You are all WRONG. Here is why the corporate income tax is necessary: <link>
2	Investors Pouring Money Into Ketchup Instead Of U.S. Bonds - BuzzFeed 2 days ago shared by @LaurenLaCapra, @AntDeRosa shared by Food sector stocks are becoming increasingly appetizing in the hedge fund community. Insiders say these stocks are driving the market to new highs. @LaurenLaCapra: RT @mattlynley: "unless they’re some artisanal DIY ketchup maker in Williamsburg, or something.” <link> @AntDeRosa: Buy ketchup, not U.S. bonds <link>
3	SEC Fines, Bars Former Goldman Banker from Industry - Bond Buyer 2 days ago shared by @AmyResnick, @cate_long, @DavidSchawel shared by A former investment banker at Goldman, Sachs, & Co. has agreed to pay a $100,000 fine and be barred from the securities industry for five years for his involvement in a pay to play scheme involving a Massachusetts gubernatorial candidate. @AmyResnick: RT @TheBondBuyer: Former Goldman muni banker Morrison accepts fine, industry bar for role in Massachusetts election. <link> @cate_long: For pay-to-play in Massachusetts "@munibonds: SEC Fines, Bars Former Goldman Banker from Industry <link> #muniland @DavidSchawel: “@BondBuyergirl: Former Goldman banker Neil Morrison fined $100k Barred From Industry For 5yrs For Pay-To-Play <link>”
3	Spain’s banks face €10bn more provisions - Financial Times 2 days ago shared by @michaelhewson, Naked Capitalism, @volatilitysmile shared by Spanish banks will need to put aside extra provisions of up to €10bn to cover loans that borrowers will struggle to repay, according to an internal estimate by the Bank of Spain. According to recent data, Spanish banks rolled over more than €200bn @michaelhewson: Spain’s banks face €10bn more provisions: <link> #FT Naked Capitalism: Links 5/24/13 @volatilitysmile: RT @FinancialTimes: Spain’s banks face €10bn more provisions <link>
3	SAC Executives Subpoenaed - Wall Street Journal 2 days ago shared by @counterparties, NYT Dealbook, FT Alphaville shared by Three senior executives at SAC Capital Advisors have received subpoenas as part of an insider-trading probe into the hedge-fund firm. @counterparties: 3 senior execs - including the company's president - subpoenaed in the SAC insider trading probe <link> NYT Dealbook FT Alphaville: The Closer
12	Chills n’ Wrath - The Reformed Broker 2 days ago shared by @derekhernquist, Crossing Wall Street, @StockTwits, The Big Picture and 3 more shared by Welcome to the rest of 2013. I certainly hope you've made some money in the first five months of the year (not hard to have done), because the environment se @derekhernquist: Jeremy Siegel lol "@StockTwits: Chills n’ Wrath <link> via @reformedbroker $SPY $IWM $NKY" Crossing Wall Street: Morning News: May 23, 2013 @StockTwits: Chills n’ Wrath <link> via @reformedbroker $SPY $IWM $NKY The Big Picture: Look Out Below, Japanese Black Wednesday Edition @TheArmoTrader: RT @jfahmy: Best thing you'll read today --> RT @ReformedBroker: CHILLS N' WRATH <link> Abnormal Returns: Thursday links: persistently poor performance @moorehn: Shorter @reformedbroker: Good times can't last forever and we say that in stocks yesterday. <link>
1	SAC lawyers met with prosecutors to argue against charges: sources - Reuters 2 days ago shared by @GZuckerman shared by @GZuckerman: RT @jennablan: A visit from Steven Cohen's lawyers appears to have hurt him more than help him.... <link> via @Reuters @u…
1	Hedge Funds Bulk Up in Bond Trading - Bloomberg Businessweek 2 days ago shared by @hedge_funds shared by Net flow into debt hedge funds is the highest since 2007 @hedge_funds: Hedge Funds Bulk Up in Bond Trading - Businessweek - Hedge Funds Bulk Up in Bond TradingBusinessweekDebt-focused h... <link>
2	Bernanke Saves the Day - Tim Duy's Fed Watch - Economist's View 2 days ago shared by @edwardnh, Felix Salmon shared by @edwardnh: "Expect Bernanke to use June presser to lay groundwork for tapering as early as September": @TimDuy <link> Felix Salmon: Counterparties: Meaningless plunge
4	EU drops olive oil jug ban after public outcry - The Telegraph 2 days ago shared by @charlesforelle, @SpiegelPeter, Naked Capitalism, @davidmwessel shared by A European Union ban on the use of unmarked olive oil jugs on restaurant tables has been dropped following a public outcry across Europe. @charlesforelle: Here's @BrunoBrussels, who in the space of about a week demolished the EU's olive-oil-bowl ban. <link> @SpiegelPeter: RT @charlesforelle: Here's @BrunoBrussels, who in the space of about a week demolished the EU's olive-oil-bowl ban. <link> Naked Capitalism: Wolf Richter: Government By Eurocrats: The Olive-Oil Dispenser Debacle @davidmwessel: RT @charlesforelle: Here's @BrunoBrussels, who in the space of about a week demolished the EU's olive-oil-bowl ban. <link>
3	Wall Street Pipeline Finds Work for Lacrosse Players - Bloomberg 2 days ago shared by @peterlattman, Here Is The City, @JohnLothian shared by Before Dom Starsia talks about national titles, he unfolds a two-foot-wide spreadsheet that gives University of Virginia recruits a look at life after lacrosse. @peterlattman: "Wall Street Pipeline Finds Work for College Lacrosse Players" (May 2013 Bloomberg story) <link> Here Is The City: Jain Forced To Halt Speech As Deutsche Bank Protestors Vent Anger @JohnLothian: Wall Street Pipeline Finds Work for College Lacrosse Players <link>
3	The euro crisis: The sleepwalkers - The Economist 2 days ago shared by @MatinaStevis, @NickMalkoutzis, @OpenEurope shared by YOU may have missed it, but the European Union held a summit this week. Taking in a nutritious working lunch, Europe’s prime ministers, presidents and chancellors... @MatinaStevis: RT @AntonLaGuardia: Economist leader on need for #eurozone leaders to "wake up" from sleepwalk to disaster <link> @NickMalkoutzis: What if everything is not fine after the German elections, asks @TheEconomist & warns of #EU sleepwalking to the edge <link> @OpenEurope: RT @AntonLaGuardia: Economist leader on need for #eurozone leaders to "wake up" from sleepwalk to disaster <link>
4	Weekly Initial Unemployment Claims decline to 340,000 - Calculated Risk 2 days ago shared by Abnormal Returns, @MarkThoma, reddit/Economics, @calculatedrisk shared by Abnormal Returns: Thursday links: persistently poor performance @MarkThoma: Weekly Initial Unemployment Claims decline to 340,000 - Calculated Risk <link> reddit/Economics: Weekly Initial Unemployment Claims decline to 340,000 @calculatedrisk: Weekly Initial Unemployment Claims decline to 340,000 <link>
3	Home Supply Limited by Americans Lacking Equity to Sell - Bloomberg 2 days ago shared by The Big Picture, @Dvolatility, @JamesGRickards shared by About 22 million Americans may lack enough home equity to move, keeping property listings tight and limiting sales as the housing market recovers, Zillow Inc. said. The Big Picture: 10 Thursday PM Reads @Dvolatility: Home Supply Limited by Americans Lacking Equity to Sell <link> via @BloombergNews @JamesGRickards: RT @OshratCarmiel: 22 million Amercians lack the equity to sell their homes --> inventory shortage <link> via @BloombergNe…
3	The New York Fed Staff Forecast—May 2013 - New York Fed 2 days ago shared by @davidmwessel, @NYFed_news, @StockTwits shared by @davidmwessel: NYFed staff forecast: Jobless rate to average 7.25% in Q4 2013, drop to 6.5% in 2014. <link> @NYFed_news: Just Released: The New York Fed Staff Forecast—May 2013 <link> @StockTwits: NY $FED: 7.25% unemployment in 2013 and 6.5% in late 2014 <link> $MACRO
3	Goldman Sachs Research Disputes ‘Too Big to Fail’ Bank Subsidy - Bloomberg 2 days ago shared by @AlephBlog, @pdacosta, @JamesGRickards shared by Bond investors don’t perceive the six biggest U.S. banks as “too big to fail,” according to a report from one of those lenders, Goldman Sachs Group Inc. @AlephBlog: Goldman Sachs Research Disputes TBTF Subsidy <link> In quiet times, advantage difficult to detect, easy during crisis $$ @pdacosta: Too-big-to-fail Goldman says there's no too big to fail problem <link> @JamesGRickards: #Goldman says too-big-to-fail banks not subsidized <link>. They're #TBTF & subsidized. Must have used subsidy to fund report
5	Japan’s mini crash: Blame China, not just Ben - Financial Times 2 days ago shared by Business Insider, The Big Picture, Felix Salmon, Reformed Broker shared by Business Insider: Is The Next Stock Pullback Finally Here? The Big Picture: 10 Thursday AM Reads Felix Salmon: Counterparties: Meaningless plunge Reformed Broker: Chills n’ Wrath
3	Japanese Stocks Fall Sharply - Wall Street Journal 2 days ago shared by @ObsoleteDogma, The Big Picture, Crossing Wall Street shared by The Nikkei stock index fell the most in two years as trading volume on the Tokyo Stock Exchange hit a record high. @ObsoleteDogma: Nikkei down 7.3% in one day? <link> The Big Picture: 10 Thursday AM Reads Crossing Wall Street: Morning News: May 23, 2013
2	New Home Sales at 454,000 SAAR in April - Calculated Risk 2 days ago shared by Abnormal Returns, @calculatedrisk shared by Abnormal Returns: Thursday links: persistently poor performance @calculatedrisk: New Home Sales at 454,000 SAAR in April <link>
3	Apple Tax Rate Ignores Profit Shifting Offshore - Bloomberg 2 days ago shared by @eisingerj, @moorehn, @petereavis shared by Apple Inc. Chief Executive Officer Tim Cook provided a figure to Congress on Tuesday that U.S. companies rarely disclose: its federal tax bill. Apple paid $6 billion last year -- a rate of 30.5 percent. @eisingerj: Apple claimed it paid a 30.5% U.S. tax rate. Eh, not so fast, explains @JesseDrucker: <link> @moorehn: A great skeptical piece about Apple's tax claims by @JesseDrucker <link> … @petereavis: RT @eisingerj: Apple claimed it paid a 30.5% U.S. tax rate. Eh, not so fast, explains @JesseDrucker: <link>
4	Cash Piles Up as U.S. CEOs Play Safe With Slow-Growth Economy - Bloomberg 2 days ago shared by Business Insider, Felix Salmon, Crossing Wall Street, @moorehn shared by Any lament that U.S. executives are sitting on a record $1.73 trillion at their companies instead of investing in plants and equipment may be about to get louder. Business Insider: Corporate America's Mountain Of Cash Is Getting Bigger Felix Salmon: Counterparties: Meaningless plunge Crossing Wall Street: Morning News: May 23, 2013 @moorehn: Companies sit on cash, don't help economy. I wrote a piece on this yesterday that's running today. Bberg: <link>
3	6-step guide to dodging taxes just like Apple - Fortune 2 days ago shared by @AntDeRosa, @moorehn shared by Tax avoidance works beautifully -- and legally -- for Apple and other multinationals. Why not make it work for you? FORTUNE -- It’s faddish -- and fun -- these days to talk about the income taxes that Apple does or doesn’t pay. Hey, @AntDeRosa: RT @danprimack: 6-step guide to dodging taxes just like Apple <link> @moorehn: RT @danprimack: 6-step guide to dodging taxes just like Apple <link>
3	All About Japan, $DXJ, $EWJ, $FXY - riskreversal.com 2 days ago shared by @ReformedBroker, @StockTwits, Reformed Broker shared by @ReformedBroker: While we wait for the BoJ to update its price target, don't miss @EnisTaner on the Nikkei sell-off @riskreversal <link> $EWJ @StockTwits: RT @ReformedBroker: Don't miss @EnisTaner on the Nikkei sell-off <link> $EWJ Reformed Broker: Hot Links: Stock Market Seppuku
3	HFM Advertising or How To Take The Management Out of Risk Management - Cassandra does Tokyo 2 days ago shared by @ReformedBroker, @EpicureanDeal, Reformed Broker shared by @ReformedBroker: These Hedge Fund Ad Slogans from Cassandra Does Tokyo are lolzy <link> @EpicureanDeal: RT @ReformedBroker: These Hedge Fund Ad Slogans from Cassandra Does Tokyo are lolzy <link> Reformed Broker: Hot Links: Stock Market Seppuku
2	Confidence Improves as U.S. Consumers’ Views on Economy Mend - Bloomberg 2 days ago shared by @AtlantaFed, @Dvolatility shared by Consumer sentiment advanced last week, an indication that gains in housing and stock markets are bolstering Americans’ outlooks on the economy. @AtlantaFed: RT @BloombergNews Bloomberg Consumer Comfort Index rises for sixth consecutive week on market gains \| <link> @Dvolatility: Confidence Improves as U.S. Consumers’ Views on Economy Mend <link> via @BloombergNews
3	Falling inflation complicates the Fed’s QE exit plan - Financial Times 2 days ago shared by Abnormal Returns, Naked Capitalism, @gavyndavies shared by Abnormal Returns: Thursday links: persistently poor performance Naked Capitalism: Links 5/25/13 @gavyndavies: Markets are now worried about an early Fed exit, but have they forgotten that inflation is now well below target? <link>
4	BRICS risk 'sudden stop' as dollar rally builds - The Telegraph 2 days ago shared by Naked Capitalism, @volatilitysmile, @bondvigilantes, @AlephBlog shared by The stock of capital flowing into emerging markets has doubled from $4 trillion to $8 trillion since the Lehman Crisis, chasing a catch-up growth story that looks tired and has largely sputtered out in Brazil, Russia and South Africa. Naked Capitalism: Links 5/23/13 @volatilitysmile: RT @joshh031: BRICS risk 'sudden stop' as dollar rally builds via @Telegraph <link> @bondvigilantes: Good piece in Daily Telegraph sharing our EM fears <link> See our blog from January for more <link> @AlephBlog: BRICS risk 'sudden stop' as dollar rally builds <link> EM blowups often preceded by rise in $$ \| Good 4 EM exporters though
2	Wonkbook: Bernanke lashes Congress - Washington Post 2 days ago shared by The Big Picture, @cate_long shared by Federal Reserve Chairman Ben Bernanke thinks Congress is doing quite a lot wrong. He headed to the Hill on Wednesday to present them with an itemized list. The Big Picture: 10 Thursday AM Reads @cate_long: Does anyone on the Hill really listen to him anymore? "@ezraklein: Bernanke lashes Congress <link>
2	ECB seeks new tools while Fed toys with exit - Reuters 2 days ago shared by @firstadopter, @GTCost shared by @firstadopter: ECB seeks new tools while Fed toys with exit <link> via @reuters @GTCost: Desperation lag impacting Frankfurt in 3…2…1… RT @Reuters: ECB seeks new tools while Fed toys with exit <link>
4	David Cameron ridicules EU olive oil jug ban - The Telegraph 2 days ago shared by Naked Capitalism, @davidmwessel, @Simon_Nixon, @moorehn shared by David Cameron has attacked a proposed Brussels ban on the use of unmarked olive oil jugs in restaurants as "exactly the sort of area that the European Union needs to get right out of". Naked Capitalism: Wolf Richter: Government By Eurocrats: The Olive-Oil Dispenser Debacle @davidmwessel: RT @Simon_Nixon: Cameron attacks EU olive oil jug ban that UK government helped pass by refusing to join Dutch veto! <link> @Simon_Nixon: Bizarre: David Cameron attacks EU olive oil jug ban that UK government helped pass by refusing to join Dutch veto! <link> @moorehn: The EU can't even get it right on olive oil. <link> via @davidmwessel @Simon_Nixon
2	Wall Street justice should be delivered in open court - Financial Times 2 days ago shared by @peter_tl, @moorehn shared by After six years of scrutiny, and repeated legal action against those around him, Steve Cohen remains a free man. His $15bn hedge fund SAC Capital is still in business and he still firmly maintains his innocence, despite the evident disbelief of @peter_tl: RT @johngapper: Steve Cohen of SAC should be prosecuted - my FT column <link> @moorehn: Really smart analysis by @johngapper: take SAC Capital boss into court to get him out of financial purgatory. <link>
11	The banking crisis as a giant carry trade gone wrong - VOX 2 days ago shared by @OpenEurope, @izakaminska, Free Exchange, @firoozye, @FGoria and 5 more shared by @OpenEurope: Vox: The banking crisis as a giant carry trade gone wrong <link> @izakaminska: RT @anatadmati: Banking is a giant carry trade operating as if such trades can't go wrong <link> #bankersnewclothes explain… Free Exchange: Link exchange @firoozye: The banking crisis as a giant carry trade gone wrong - <link> @FGoria: The banking crisis as a giant carry trade gone wrong <link> @rjocean: The banking crisis as a giant carry trade gone wrong \| vox <link> @MarkThoma: The banking crisis as a giant carry trade gone wrong - Vox EU <link> @INETeconomics: #Europe's #banking crisis as a giant carry trade gone wrong \| @voxeu <link> @lindayueh: greatest carry trade: €banks borrowed cheap in short-term debt markets+ECB to invest in high-yield but risky gov debt <link> @CMEGroup: RT @voxeu: The banking crisis as a giant carry trade gone wrong, by Viral Acharya and Sascha Steffen <link>
3	Fears grow over EM sovereign bond bubble - Financial Times 2 days ago shared by @edwardnh, @Convertbond, @Pawelmorski shared by As far as financial follies go, tulip mania takes some beating. But future economic historians may look back at the time when investors financed a convention centre in Rwanda as the moment that the rush into emerging market bonds became frothy. @edwardnh: Fears grow over EM sovereign bond bubble - FT <link> by @RobinWigg @Convertbond: The New Subprime in this Cycle RT “@RobinWigg: Fears grow over EM sovereign bond bubble: <link> #FT” @Pawelmorski: Oh please RT @Convertbond: The New Subprime in this Cycle RT “@RobinWigg: Fears grow over EM sovereign bond bubble: <link>
3	Japan Bond Yields Spike—10-Year Hits 1% - CNBC 2 days ago shared by @Convertbond, Here Is The City, @grossdm shared by Japanese government bond yields soared to 1 percent on Thursday, their highest level in a year. @Convertbond: #BOJ Losing Control?Double Since MarchJapan 10 Year Bond Yield hits 1%, highest in a Year <link> Here Is The City: Why Quantitative Easing Isn't Printing Money @grossdm: Love this headilne at CNBC: "Japan Bond Yields Spike—10-Year Hits 1%" <link>
3	Investing: The discount rate illusion - The Economist 2 days ago shared by reddit/Economics, @Noahpinion, @TimHarford shared by THERE is a debate over asset bubbles at the moment and having worked through, in disbelief, the dotcom bubble, it is plain that it is extremely hard to call the top.... reddit/Economics: 'The Discount Rate Illusion': Asset bubble or bull-market? The disconnect between interest rates and private discount rates in pricing assets @Noahpinion: RT @TimHarford: Investing: The discount rate illusion <link> @TimHarford: Investing: The discount rate illusion <link>
1	Even at JPMorgan, Jamie Dimon's Win Is Mysterious - CNBC 2 days ago shared by @volatilitysmile shared by Even inside JPMorgan Chase, it's a bit of a mystery. @volatilitysmile: not mysterious at all #MOJO RT @CNBC: Even at JPMorgan, Jamie Dimon's win is mysterious: <link> (via @carney) $JPM
4	Wall Street Seeks Dodd-Frank Changes Through Trade Talks - Bloomberg 2 days ago shared by @LaurenLaCapra, Here Is The City, @nasiripour, @JohnLothian shared by U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis. @LaurenLaCapra: Wall Street Seeks Dodd-Frank Changes Through Trade Talks <link> Here Is The City: Cameron Meets Security Chiefs After Suspected London Terrorist Attack @nasiripour: RT @CarterD: #doddfrank at issue in trade talks? House Republicans want regulation to be part of US-EU deal <link> @JohnLothian: Wall Street Seeks Dodd-Frank Changes Through Trade Talks <link>
5	Austerity in the Eurozone and the UK: Kill or Cure? - Financial Times 2 days ago shared by Naked Capitalism, @D_Blanchflower, @firoozye, @INETeconomics, @wonkmonk_ shared by Naked Capitalism: Links 5/24/13 @D_Blanchflower: Great column by @martinwolf_ Austerity has failed. It has failed in UK & eurozone. Its failure was predictable 1/2<link> @firoozye: RT @ewaldeng: Martin Wolf: austerity in a balance sheet recession is both stupid and wicked <link> @INETeconomics: RT @yanisvaroufakis: Martin Wolf (FT): Austerity has failed. Its failure was predicted and predictable. <link> @wonkmonk_: Martin Wolf: "Austerity in the Eurozone and the UK: Kill or Cure?" <link>
4	Diamond Said to Weigh Backing Barclays Alumni in Venture - Bloomberg 2 days ago shared by @AnjuliDavies, NYT Dealbook, Here Is The City, @Ian_Fraser shared by Robert Diamond, who stepped down as head of Barclays Plc last year amid a rate-rigging scandal, is considering backing a firm started by former executives at the bank’s investment unit that was acquired by BlackRock Inc. in 2009, according to a person familiar with the matter. @AnjuliDavies: Diamond Said to Weigh Backing Barclays Alumni in Venture <link> via @BloombergNews NYT Dealbook Here Is The City: Morgan Stanley Fixed-Income Veteran Leaves @Ian_Fraser: Bob Diamond to fund BGI spinout that 'leverages cloud computing to develiver world-class investment solutions' <link>
9	The Too Big To Fail Subsidy Is Negative Ten Billion Dollars, Says Goldman Sachs - Dealbreaker 2 days ago shared by @LaurenLaCapra, @StreetEYE, reddit/Economics, @peter_tl and 3 more shared by @LaurenLaCapra: Goldman analyzes the TBTF cost, or subsidy, in the bond market, depending on how you look at it <link> @StreetEYE: Goldman Sachs: We Subsidize You - <link> reddit/Economics: The Too Big To Fail Subsidy Is Negative Ten Billion Dollars, Says Goldman Sachs Dealbreaker @peter_tl: Is the Too Big To Fail subsidy for big US banks actually negative? Goldman Sachs says yes, @dealbreaker says "meh". <link> @counterparties: "The Too Big to Fail Subsidy is Negative Ten Billion Dollars, Says Goldman Sachs" <link> by @matt_levine Felix Salmon: Counterparties: Meaningless plunge @shannybasar: RT @StreetEYE: Goldman Sachs: We Subsidize You - <link>
5	Japanese Shares Extend Biggest Drop in Seven Weeks on Yen - Bloomberg 2 days ago shared by Business Insider, NYT Dealbook, reddit/Economics, The Big Picture shared by Japan’s Topix index slid 5 percent, the most since the aftermath of the March 2011 tsunami and nuclear disaster, as financial companies plunged amid rising bond yields. A gain in the yen triggered a slide in exporters as a Chinese manufacturing index unexpectedly signaled contraction. Business Insider: Japan's Breathtaking 7% Plunge Is The Worst Since The Fukushima Disaster NYT Dealbook reddit/Economics: Japanese Stocks Plunge 7%, Most Since March 2011 on Yields The Big Picture: Look Out Below, Japanese Black Wednesday Edition

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