Seth Klarman On "Born Bulls", Bitcoin, & "The Truman Show" Market
ZeroHedge – 11 hours ago
With 40% of the portfolio in cash and having returned $4 billion to clients at year-end, Seth Klarman’s Baupost Group has "drawn the line in the sand" as they reflect on the diminished opportunities in the so-called "Truman Show" market we ...
@JacobWolinsky: If u didnt read VW’s articles on it another good read Klarman On "Born Bulls", Bitcoin, & "The Truman Show" Market [link]
@vitaliyk: “the Fed can change how things look, it cannot change what things are.” @GrantsPub [link]
@pkedrosky: Seth Klarman On "Born Bulls", Bitcoin, & "The Truman Show" Market [link]
@Dvolatility: [link] Seth Klarman On "Born Bulls", Bitcoin, & "The Truman Show" Market
@credittrader: Read it... then BTFWWIII.. Seth Klarman On "Born Bulls", Bitcoin, & "The Truman Show" Market [link]
London’s Laundry Business
New York Times – 1 day ago
Britain is ready to betray Ukraine to protect its cut of Russia’s dirty money.
@EmanuelDerman: // London’s Russian Money [link]
Reformed Broker: Have the Russians Conquered London?
@Nemo_incognito: RT @BarberLionel: “@TerryGlavin: London’s slobbering on the slippers of Russian oligarchs, the English as hirelings [link]”
@ryanchittum: “Or, to put it another way, the oligarchs’ valets.” [link] re British enabling of Russian corruption
@Megan: "Britain is ready to betray the United States to protect the City of London’s hold on dirty Russian money." [link]
@niubi: RT @BarberLionel: “@TerryGlavin: London’s slobbering on the slippers of Russian oligarchs, the English as hirelings [link]”
@MatinaStevis: "Britain is ready to betray the United States to protect the City of London’s hold on dirty Russian money" [link]
@ReformedBroker: "Britain is ready to betray the United States to protect the City of London’s hold on dirty Russian money.” [link]
@Ian_Fraser: Britain has the power to bankrupt the Putin clique ... But it prefers to suck up for "commissions" [link]
@EpicureanDeal: Ben Judah is not happy with London or the UK: [link]
@moorehn: The Shard really is menacing. [link] (My pic here: [link]) via @Ian_Fraser
George Soros blasts ’parasite’ banks
The Telegraph – 16 hours ago
George Soros, the billionaire investor, has warned that little has changed since the 2008 crisis in the ’parasite’ banking sector
@IvanTheK: George Soros’ forthcoming book should be good, but I wonder how much incremental insight it will contain. [link]
@TheStalwart: RT @tek_fin: George Soros blasts ’parasite’ banks < and a hit on French banking sector. [link]
@petereavis: Soros: " For a while 35pc of all corporate profits in the UK and US came from the financial sector. That’s absurd.”[link]
@mhewson_CMC: George Soros blasts ’parasite’ banks | via @Telegraph [link]
Leah McGrath Goodman (Ft. Dorian Nakamoto, Gavin Andresen & Satoshi Nakamoto)
rapgenius.com – 17 hours ago
This article purported to identify the author of Bitcoin as an actual man in California named Dorian Satoshi Nakamoto. Written by Leah McGrath Goodman, the article was published on
@kairyssdal: RT @davidfolkenflik: A deeply skeptical annotation of #Newsweek piece on Bitcoin: [link]
@Alea_: RT @bhorowitz: These annotations have completely convinced me that Newsweek blew the story: [link]
@Nemo_incognito: RT @ACityInOhio: A website called "Rap Genius" just destroyed the credibility of Newsweek. Yes, this is real life. [link]
@hblodget: RT @bhorowitz: These annotations have completely convinced me that Newsweek blew the story: [link]
@peterlattman: RT @sisario: Rap Genius annotates Newsweek’s bitcoin story. [link]
What Could you do with $48 Billion?
blackrockblog.com – 11 hours ago
Do you know how much you pay in capital gains taxes? Jessie Szymanski explains the importance of selecting tax-efficient funds when building your portfolio.
China Feb. Exports Unexpectedly Fall 18.1%, Imports Rise 10.1%
Bloomberg – 21 hours ago
China’s exports fell the most since the global financial crisis, dealing another blow to confidence as Communist Party leaders meeting in Beijing assess the risk from the nation’s first onshore bond default.
@izakaminska: China’s exports fall unexpectedly in Feb by 18.1% [link]
@pdacosta: China’s Exports Drop By Most Since Financial Crisis in Blow to Confidence [link]
@Ian_Fraser: Hold on to your dǒulìs 斗笠 RT @izakaminska China’s exports fall unexpectedly in Feb by 18.1% [link]
@prchovanec: ANZ: “The trade figures will become more real in the coming months” [link] inadvertently hilarious comment on China data
George Soros: Germany is "self-righteous" and "hypocritical"
The Telegraph – 15 hours ago
George Soros, the billionaire investor, has warned that German economic policy is a threat to the European Union.
Virginia Test Question Failed the Fed
Bloomberg – 13 hours ago
The picture above comes from a 2012 Standards of Learning (SOL) test for middle school children in the Commonwealth of Virginia. Any reporter covering t
Let’s have some real-time economics
Financial Times – 14 hours ago
What would it take to make economics more useful in a crisis? Not more rigorous or more realistic – although that would be nice – but simply better equipped to deal ad hoc with the financial equivalent of a burning building? It’s sobering t...
@TimHarford: What would make economics more useful in a crisis? [link]
@Noahpinion: Tim Harford: The Fed needs more non-academics, because academics think slowly and deeply even in a crisis: [link]
@Richard_Florida: RT @Noahpinion: @TimHarford: Fed needs more non-academics, because academics think slowly & deeply even in crisis: [link] …
Understanding the Crimea Crisis
20committee.com – 1 day ago
As I write, the Ukrainian region of Crimea is being absorbed by Russia, more or less openly. This represents a blatant challenge to the post-1991 European order, make no mistake, and so far Vladimi...
@firstadopter: Agree with this post 110%! MUST READ RT @20committee Understanding the Crimea Crisis [link]
@M_C_Klein: Powerful explanation of Russian foreign policy motivations from @20committee [link] h/t @LorcanRK
@BarbarianCap: RT @StockJockey: Understanding the Crimea Crisis [link] well worth a read
@niubi: Excellent post on what is going on in Crimea and why Putin loves Obama. US has forgotten Cold War far 2 quickly [link]
@interfluidity: “Revenge is a category not much discussed in college International Relations classes” @20committee [link] ht @niubi
@EddyElfenbein: .@20committee offers 2,400 on the Crimea. I’ll summarize: It ain’t over and Obama’s getting played. [link]
@StockJockey: Understanding the Crimea Crisis [link] well worth a read
The Satoshi Paradox
Reuters – 1 day ago
Either Nakamoto is lying through his teeth, or Newsweek has made what is probably the biggest and most embarrassing blunder in its 81-year history.
@charlesforelle: Put away yer monocles, folks. We’ve reached peak "Bayesian analysis." [link]
@TheStalwart: .@felixsalmon says the Newsweek story was "ill-advised" [link]
@pkedrosky: RT @fredbenenson: The best thing I’ve read about Satoshi is @felixsalmon’s very sensible epistemological skepticism: [link]…
@ChrisAdamsMKTS: RT @MatinaStevis: "Big scoops are dangerous things"-stellar reasoning, @felixsalmon style, on Satoshi question [link]
Marginal Revolution: Claims about Bitcoin mystique
Business Insider: Here Are All The Reasons Why People Are Skeptical Of The Newsweek Bitcoin Story
@johngapper: The Satoshi Paradox - Felix Salmon [link]
FT Alphaville: Bitcoin founder’s writing matches nothing in Dorian Nakamoto’s background
@PreetaTweets: Sharp piece by @felixsalmon that makes all the relevant points: The Satoshi Paradox [link]
@MatinaStevis: "Big scoops are dangerous things"-stellar reasoning, @felixsalmon style, on Satoshi question [link]
@ryanchittum: must-read RT @felixsalmon: The Satoshi Paradox [link]
@danprimack: .@felixsalmon has my favorite piece so far on the Newsweek bitcoin story [link]
@IvanTheK: @felixsalmon Typo in first line [link]
@eisingerj: RT @ryanchittum: must-read RT @felixsalmon: The Satoshi Paradox [link]
Abnormal Returns: Friday links: too many investors
@hblodget: RT @fmanjoo: Great great @felixsalmon on all the evidence for and against Dorian and Neasweek’s error [link]
@Techmeme: Based on inconclusive evidence, Newsweek’s Dorian Nakamoto story is theory, not fact [link] [link]
@Kiffmeister: RT @FelixReuters: The Satoshi Paradox [link]
The Republican Plan to Rein in Janet Yellen’s Federal Reserve
Bloomberg Businessweek – 15 hours ago
House Republicans plan a year of hearings on how to corral the Fed
@mark_dow: Hard money bias shopping for a framework MT @davidmwessel: John Taylor’s influence on Republicans suspicious of Fed [link]
@davidmwessel: On John Taylor’s extraordinary influence on congressional Republicans suspicious of the Bernanke-Yellen Fed [link]
@Noahpinion: The hard-money hyenas circle the Yellen Fed... [link]
Jury finds former Jefferies trader Litvak guilty of fraud $JEF
Wall Street Journal – 1 day ago
A jury found former Jefferies Group trader Jesse Litvak guilty on Friday of violating federal securities laws by misrepresenting bond prices to his clients in an effort to boost his own trading profits.
@TFMkts: RT @AaronLucchetti: Bond traders, beware...Jury finds former Jefferies trader Litvak guilty of fraud, [link], @JBSteins @wsj
@IvanTheK: The govt. takes a bow for getting a bond trading fraud conviction, when it should be improving transparency instead. [link]
@eisingerj: RT @AaronLucchetti: Bond traders, beware...Jury finds former Jefferies trader Litvak guilty of fraud, [link], @JBSteins @wsj
Greece to miss deadline for rescue loan deal
The Telegraph – 19 hours ago
Capitalisation of country’s banks is key issue for European Union and International Monetary Fund officials
Zane Salem: How to Boost US Exports
Supply-Side Liberal – 20 hours ago
Zane Salem I like my student Zane Salem’s post because it applies the principles I talk about in my post "International Finance: A Primer" and the related tools I talk about in my "Monetary and...
The Great Housing Hangover
houseofdebt.org – 15 hours ago
Just how bad was the housing binge from 2002 to 2006? Here is retail spending on furniture, appliances, and home improvement from 2006 to 2013. The lines a...
The future of TV is coming into focus, and looks pretty great
Quartz – 1 day ago
The future of TV is here. It’s just not evenly distributed. If it doesn’t seem like the American television industry is in the middle of a dramatic transformation, that’s simply because the pieces are scattered all over the place. But they ...
Fed Missed Crisis Due To Narrow Mindset, Says Study
Wall Street Journal – 1 day ago
A rare sociological analysis of Federal Reserve policy argues top central bank officials missed the oncoming crisis because they failed to make the connection between housing, the banking industry and the economy.
How macro answered its critics
Noahpinion – 1 day ago
How the Ukraine crisis ends
Washington Post – 3 days ago
There are four steps the U.S. should keep in mind, the former secretary of state writes.
@MParekh: Henry Kissinger: "How the #Ukraine crisis ends" [link] via @washingtonpost #Russia #Putin #GeoPolitics #History
@AntDeRosa: RT @DougSaunders: I’ve rarely said this about him, but Henry Kissinger is completely right about Ukraine [link]
@prchovanec: RT @rosiegray Kissinger: "The demonization of Vladimir Putin is not a policy; it is an alibi for the absence of one"[link] …
@M_C_Klein: Been waiting for this: Henry Kissinger on Ukraine [link] h/t @AlanTonelson
@edwardnh: Very good historical and diplomatic perspective on Ukraine crisis from Henry Kissinger [link]
@BuzzFeedBen: RT @liamstack: "How the Ukraine crisis ends" [link] via @washingtonpost by Henry Kissinger
@Nouriel: The most balanced discussion of Ukraine - How the Ukraine crisis ends by Henry Kissinger - The Washington Post [link]
@economistmeg: Kissinger on a solution for Ukraine: The test is not absolute satisfaction but balanced dissatisfaction. [link]
@raju: How the #Ukraine crisis Will End? An interesting & contrarian take by Henry Kissinger in @washingtonpost [link] h/t
Market and politics expert: "Russia is going to lose. There’s no doubt about that"
bigtv.io – 4 days ago
Mark Dow thinks Ukraine is a far less volatile situation than some market comments might have you believe and with his experience from both the US Treasury and the IMF, his comments carry a lot of weight. We at BIGtv sat down with Ma...
@economistmeg: RT @finansakrobat: The great @mark_dow: "Russia is going to lose. There’s no doubt about that": [link]
@mark_dow: Here’s my interview from this morning on @finansakrobat ’s BigTV [link]
@finansakrobat: The great @mark_dow: "Russia is going to lose. There’s no doubt about that": [link]
@TheArmoTrader: Must watch/listen here: @Mark_Dow w/ @finansakrobat, gives his thoughts on Ukraine/Macro and Trading. [link]