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SAC Capital Will No Longer Provide Investors With Updates On Its Unconditional Cooperation With The Governments Investigation, Which Oh, By The Way, Aint So Unconditional Anymore
Found on Dealbreaker on Tue 21st May 13
SAC Capital Advisors, the hedge fund owned by the billionaire investor Steven A. Cohen, told its investors on Friday that it was no longer cooperating unconditionally with the governments insider trading investigation. In the past we have tried to be as transparent
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Ryan Avent: "Mr Cowen's posts, and many other like them by other authors, sometimes look like elaborate efforts to avoid concluding that German inflation-phobia, while totally understandable and rational, looks like a grave moral error in the current econ
Found on Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Tue 21st May 13
Ryan Avent watches Karl Smith remind Tyler Cowen that people respond to market prices, and piles on himself:The euro crisis: Der Elefant im Raum: TYLER COWEN writes on the euro-zone economy:Would the new helicopter drop money be kept in periphery banks and
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The Chicago Fed National Activity Index: April 2013
Found on Calculated Risk on Tue 21st May 13
The latest release of the Chicago Federal Reserve National Activity Index (CFNAI) indicated worsening for the national economy with the index falling to a weak level of -0.53 from a level of -0.23 in March while the three month moving average declined to a
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The S&P 500 Enters a Post-Transition Period
Found on The Bonddad Blog on Tue 21st May 13
You have to admit - we were right. Last week was indeed a big week for the S&P 500! From Monday, 13 May 2013 to Friday, 17 May 2013, the S&P 500 rose by nearly 2%, or 32.35 points, from 1630.77 to a new record high of 1666.12. Over half the gain for
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Assorted links
Found on Marginal Revolution on Tue 21st May 13
1. Ryan Avent on liquidity leaks, Paul Krugman also.2. Some positive results on microcredit.3. Some not very surprising claims about Joseph Beuys. I am still waiting for a good book about the massive influence of Rudolf Steiner.4. Where is the euro breaking
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Yahoo welcomes Tumblr, pornography and all
Found on Tech Blog on Mon 20th May 13
Yahoo bought Tumblr for its rambunctious community. Despite the coat of paint rapidly applied to its email, homepage and various apps since Marissa Mayer arrived as chief executive less than a year ago, Yahoo was still in need of an injection of youth and energy,
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Epstein on the Constitution
Found on Cafe Hayek on Mon 20th May 13
This week’s EconTalk is Richard Epstein talking about the Constitution. My first question:How has the role of the Constitution changed in the United States since the founding? How has our understanding of it evolved, good and bad? And that, of course,
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Jeffrey Frankel: "[It Is] Alberto Alesina [Who] Has Not Been Receiving His 'Fair Share of Abuse'
Found on Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Mon 20th May 13
Jeff Frankel:On Whose Research is the Case for Austerity Mistakenly Based?: Several of my colleagues on the Harvard faculty have recently been casualties in the cross-fire between fiscal austerians and stimulators. Carmen Reinhart and Ken Rogoff the statistical
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Do peer effects have inegalitarian implications?
Found on Marginal Revolution on Mon 20th May 13
By now it is well known that hanging out with healthy peers predicts (causes?) good health, and unhealthy peers predict (cause?) bad health, for instance as it applies to weight and diet. So what might that mean?But perhaps medical care should indeed be given
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Liberty for Whom?
Found on The Baseline Scenario on Mon 20th May 13
By James KwakI feel like I should have something deep and original to say about Corey Robin’s fascinating article on nineteenth-century European culture, Nietzsche, and the economic philosophy of Friedrich Hayek. In addition to the things I’m better
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