Mark Carney warns of liquidity storm as global currency system turns upside down
The Telegraph – 11 hours ago
Governor tells audience at Davos that monetary tightening from the Federal Reserve will "test the resilience of the financial system"
@volatilitysmile: RT @boes_: "There is nothing we can do at the ECB to lift growth in a lasting way. We did our part" [link]
@davidmwessel: BoE’s Mark Carney warns markets to brace for possible trouble in 2015 as the Fed tightens monetary policy [link]
@naufalsanaullah: RT @boes_: "There is nothing we can do at the ECB to lift growth in a lasting way. We did our part" [link]
@Frances_Coppola: Mark Carney warns of liquidity storm as global currency system turns upside down | via @Telegraph [link]
@pmarca: "....A mounting threat to companies in the developing world that have borrowed up to $9 trillion in US dollars." [link]
Soros Warns Public Pensions Against Investing In Hedge Funds
valuewalk.com – 1 day ago
Soros Warns Public Pensions Against Investing In Hedge Funds DAVOS, Switzerland -- Another towering figure in the financial industry is warning major pension systems to beware of investing retiree mon
@GZuckerman: RT @valuewalk: Soros Warns Public Pensions Against Investing In Hedge Funds [link] [link]
@volatilitysmile: RT @valuewalk: Soros Warns Public Pensions Against Investing In Hedge Funds [link] [link]
@nasiripour: RT @valuewalk: George Soros Warns Pensions Against Investing In Hedge Funds [link] $$
How The Economist chose its first female editor-in-chief
Quartz – 1 day ago
@AnjuliDavies: How The Economist chose its first female editor-in-chief [link] via @qz
@reddy: How @TheEconomist picks its editor: share the candidate list with all staff, invite comments [link] [link]
@M_C_Klein: Inside look (from an applicant) of how The Economist picks its editor in chief: [link]
@mattbish: RT @amonck: What it’s like to not be appointed editor of @TheEconomist by @glichfield [link]
@NKingofDC: RT @mlcalderone: Great look at Economist’s polite, leak-free process for picking new editor: [link] [link]
@Claudia_Sahm: RT @moorehn: Brilliant by @glichfield on the Economist and the dearth of women as top editors. [link]
@JustinWolfers: How the @TheEconomist chose its editor-in-chief (and congratulations @zannymb!) [link]
@robenfarzad: "The Economist’s editor must act as part coach and part referee, for there are many brilliant minds" [link] @glichfield @qz
@pdacosta: The FT, The Wall Street Journal, the Washington Post, and the Los Angeles Times have never had a female editor. [link]
@moorehn: Brilliant by @glichfield on the Economist and the dearth of women as top editors. [link]
Greeks stop paying taxes in expectation of Syriza poll victory
Financial Times – 18 hours ago
A reluctance to pay taxes was much criticised by Greece’s creditors as one reason why the country needed a big international bailout. Now many Greeks are again avoiding the taxman as they bet the radical left Syriza party will quickly loose...
Business Insider: Benoît Cœuré On QE In Europe: ’We Had To Do Something’
@ObsoleteDogma: Not good: Greeks have stopped paying taxes because they expect Syriza to win [link]
Marginal Revolution: Is Greece already seeing some fiscal collapse?
@JimPethokoukis: RT @ObsoleteDogma: Not good: Greeks have stopped paying taxes because they expect Syriza to win [link]
Economic Freedom Does Not Necessarily Lead to Greater Tolerance
New York Times – 19 hours ago
Open markets tend to lead to open minds, but not always, especially regarding race.
@tylercowen: RT @Nonicoc: My research with Therese Nilsson on tolerance is in the New York Times today! [link] via @UpshotNYT
@MarkThoma: Economic Freedom Does Not Necessarily Lead to Greater Tolerance - [link] [link]
Marginal Revolution: Does economic freedom lead to greater tolerance?
@Claudia_Sahm: "Economists respect numbers, but we also ought to do more to recognize the meaning of human values and perceptions." [link]
War Is Exploding Anew in Ukraine; Rebels Vow More
New York Times – 1 day ago
Evidence is increasing that Russian troops and Russian equipment have been pouring into eastern Ukraine again.
@firstadopter: Didn’t our President take a victory lap on Russia in the SOTU? -> NYTimes: War Is Exploding Anew in Ukraine [link]
@JimPethokoukis: War Is Exploding Anew In Ukraine; Rebels Vow More , via @nytimes [link]
@TheStalwart: RT @elenaholodny: "War is exploding anew in Ukraine; rebels vow more" [link] [link]
@BuzzFeedBen: RT @michaeldweiss: Putin’s jihad: [link] [link]
@IvanTheK: It took a while for this to reach the front page again. War Is Exploding Anew in Ukraine; Rebels Vow More [link]
@BobBrinker: RT @TimInHonolulu: War Is Exploding Anew in Ukraine; Rebels Vow More [link]
@vshih2: RT @McFaul: War Is Exploding Anew in Ukraine; Rebels Vow More [link]
Carney Says QE Can Encourage Excessive Risk-Taking in Markets
Bloomberg – 17 hours ago
Bank of England Governor Mark Carney warned easy monetary policy could prompt excessive risk-taking in financial markets.
@JohnLothian: Carney Says QE Can Encourage Excessive Risk-Taking in Markets [link]
@pdacosta: Bank of England’s Carney Says QE Can Encourage Excessive Risk-Taking in Financial Markets [link]
@StockTwits: “@business: At a Davos panel of central bankers, BoE Governor Mark Carney warned that QE can encourage risk-taking. [link]”
globalinequality: Repeat after me: Wealth is not income and income is not consumption
glineq.blogspot.com – 3 hours ago
Carney warns investors on low interest rates
Financial Times – 10 hours ago
Mark Carney has warned investors that the UK’s historically low interest rates are unlikely to continue for as long as they expect, noting that the Bank of England was closely watching the pick-up in wages. Mr Carney has gained a reputation...
Five last-minute thoughts about the Greek election
channel4.com – 15 hours ago
Greece’s deep-seated problems are decades old and normal. What’s abnormal is the chance to blow it all away.
@TheStalwart: RT @paulmasonnews: Five last minute thoughts on Greece: [link] #ekloges2015
@ryanchittum: RT @paulmasonnews: Five last minute thoughts on Greece: [link] #ekloges2015
@paulmasonnews: Five last minute thoughts on Greece: [link] #ekloges2015
@Ian_Fraser: Socratic wisdom indicates either Syriza’s view of reality is myopic—or the doom-mongers’ is [link] #GreeceDecides
Syriza’s Rise Fueled by Professors-Turned-Politicians
Wall Street Journal – 1 day ago
Political party Syriza, ahead in polls before Greece’s election Sunday, is honing its economic platform with a cadre of left-wing academics-turned-politicians. Syriza has promised to reject spending cuts and tax hikes imposed as part of Gre...
@edwardnh: Syriza’s Rise Fueled by Professors-Turned-Politicians - @charlesforelle - WSJ [link]
@economistmeg: RT @kowsmann: Must-read ahead of Greek elections: what Syriza is about [link] @charlesforelle
@Frances_Coppola: RT @pdacosta: Syriza’s Rise in Greece Fueled by Professors-Turned-Politicians[link]
@HamzeiAnalytics: Syriza’s rise fueled by professors-turned-politicians [link] via @WSJ
@NickMalkoutzis: Syriza’s rise fueled by professors-turned-politicians. @charlesforelle & @Suavlos take a road trip [link] via @WSJ #Greece
World’s Largest Traders Use Offshore Supertankers to Store Oil
Wall Street Journal – 5 days ago
The supertanker TI Oceania was built to ferry vast quantities of oil across oceans but for the next year it is expected to remain firmly anchored off the coast of Singapore, storing millions of barrels of oil for giant trading house Vitol.
@MParekh: RT @georgikantchev: World’s largest traders use offshore supertankers to store #oil - with @SarahKentWSJ @WSJ [link]
Business Insider: Traders Are Hoarding Oil In These Colossal Ships While They Wait For Prices To Bounce Back
@ATabarrok: RT @WSJ: The world’s largest traders are buying oil while it is cheap and storing it in supertankers [link] [link]…
@JacobWolinsky: World’s Largest Traders Use Offshore Supertankers to Store Oil - Wall Street Journal [link] #feedly
@Ian_Fraser: RT @WSJ: The world’s largest traders are buying oil while it is cheap and storing it in supertankers [link] [link]…
Abnormal Returns: Tuesday links: complete control
The Shake Shack Economy - The New Yorker
New Yorker – 4 days ago
James Surowiecki on the “fast-casual” restaurants—places like Panera, Five Guys, and Chipotle—that offer an upscale alternative to fast food.
@carlquintanilla: Shake Shack gets the @NewYorker treatment. (cc @dhmeyer) $SHAK [link] [link]
@crampell: The Shake Shack Economy [link]
@NickTimiraos: Fast food challenge: Can you inject an emphasis on taste/freshness into a business built upon cheapness/convenience? [link]
@DKThomp: The Shake Shack Economy [link] [link]
@pmarca: Why most market research doesn’t work: "Consumers didn’t really know what they wanted until they could get it." [link]
‘Marissa Mayer and the Fight to Save Yahoo!,’ by Nicholas Carlson
New York Times – 1 day ago
In 2012, Marissa Mayer was tasked with reversing the fortunes of a struggling Internet pioneer.
@nichcarlson: RT @BradStone: Great NYT review by @sheelahk of ’Marissa Mayer and the Fight to Save Yahoo!,’ cc @nichcarlson. [link]
@TheStalwart: RT @jyarow: Overall, this is a positive review of @nichcarlson’s book. [link]
@IvanTheK: While we’re perusing the NYT Book Review section, BusinessWeek’s @sheelahk reviews @nichcarlson’s Marissa Meyer book. [link]
@moorehn: RT @MikeIsaac: great graf[link] [link]
@LaurenLaCapra: RT @MikeIsaac: great graf[link] [link]
The World’s Most Accurate Apple Analyst Is Predicting Mind Melting iPhone Sales
Business Insider – 11 hours ago
‘The Forgotten Depression,’ by James Grant
New York Times – 1 day ago
Looking at the depression of 1921.
@ObsoleteDogma: "But as an economic guide for 21st-century policy makers in a crisis, the forgotten depression is best forgotten” [link]
@JimPethokoukis: My New York Times review >>> "The Forgotten Depression" by James Grant [link]
@IvanTheK: .@JimPethokoukis is not a buyer of the laissez-faire approach to the 1920-21 depression as a current policy guide. [link]
@TheStalwart: RT @JimPethokoukis: My New York Times book review: ’The Forgotten Depression,’ by James Grant [link]
How Europe’s power couple split over QE
Financial Times – 19 hours ago
It was in the Grand Tetons of Wyoming that Mario Draghi fell out with Angela Merkel. Last August, the European Central Bank president flew to Jackson Hole for the annual symposium with the world’s other top monetary policy makers. What he t...
@economistmeg: RT @ALeipold: How EU power couple split over QE: [link] Seems that Draghi’s JH call for coordination of € fiscal stance "cr…
@davidmwessel: if you thought the Germans were OK with ECB QE, today’s FT suggests otherwise.[link] [link]
@Frances_Coppola: RT @davidmwessel: if you thought the Germans were OK with ECB QE, today’s FT suggests otherwise.[link] [link]…
@pmarca: RT @davidmwessel: if you thought the Germans were OK with ECB QE, today’s FT suggests otherwise.[link] [link]…
Russian banker warns west over Swift
Financial Times – 13 hours ago
One of Russia’s top bankers on Friday warned that excluding the country from the Swift banking payment system would be tantamount to “war”. The suggestion that Russia could be shut out of Swift triggered widespread alarm in Moscow’s financi...
The New York Times Isn’t For Sale, But That Could Change Soon
Re/code – 16 hours ago
Sales are stagnating and cash is running out. It may have to sell.
@robenfarzad: RT @FullDRadio: Few people cover the $NYT as thoughtfully as @EdmundLee @Recode -- one of my favorite bylines around [link]…
@hblodget: RT @romenesko: The New York Times may not be for sale, but that could change soon. [link] via @edmundlee
@raju: In much better shape than most big US newspapers @romenesko: @nytimes may not be for sale but that could change soon [link]
Oil Drillers ‘Going to Die’ in 2Q on Crude Price Swoon
Bloomberg – 2 days ago
Oil drillers will begin collapsing under the weight of lower crude prices during the second quarter and energy explorers who employ them will shortly follow, according to Conway Mackenzie Inc., the largest U.S. restructuring firm.
Business Insider: Oil Companies Are Looking At ’Outright Liquidations’ (USO, OIL)
@BarbarianCap: RT @BrattleStCap: Oil Drillers ‘Going to Die’ in 2Q on Crude Price Swoon [link]
@pdacosta: “The second quarter is going to be devastating for the [oil] service companies,” bankruptcy expert says. [link]
A Study Important to Immigration Critics Is Undermined
economy.com – 1 day ago
New research suggests flaws in one of the most influential immigration studies.