Quote of the day

Neil Irwin, “It might sound great to beat the market. But when you are as big as Calpers and Pimco, in important ways you are the market.”  (The Upshot)

Chart of the day

DBC_0914

The decline in commodity prices, including oil, is getting serious.  (Business Insider)

Markets

The decline to-date has been pretty tame.  (The Reformed Broker)

Seasonality is looking up for the stock market.  (The Fat Pitch, Ryan Detrick)

Keep an eye on natural gas.  (Andrew Thrasher)

Companies

eBay ($EBAY) acknowledges the inevitable and plans to spin-off PayPal.  (Dealbook, Recode, Quartz, Business Insider, Stock Spinoffs)

The balance sheet issues/opportunities at Yahoo ($YHOO) are too big to ignore.  (Bloomberg)

On the future of Apple ($AAPL) and Google ($GOOG).  (Steve Cheney via DF)

Netflix ($NFLX) is pushing farther into film production with a deal to finance a Crouching Tiger, Hidden Dragon sequel.  (Variety, Time)

Finance

Could Lehman Brothers have been bailed out?  (Dealbook)

Don’t kid yourself, AIG ($AIG) was insolvent in 2009.  (Aleph Blog)

The US is still world’s preferred home for IPOs.  (FT)

ETFs

Fidelity has cooked up their own version of nontransparent active ETFs.  (ETF)

How much money investors have pulled from formerly Gross-managed Pimco funds.  (Bloomberg)

Global

We are experiencing the flipside of 1970s-style inflation.  (FT Alphaville)

One of these bond yield charts is not like the other.  (Pragmatic Capitalism)

Who is buying all those European sovereign bonds?  (FT Alphaville)

Economy

Home prices are rising at an increasing slower pace.  (Calculated Risk)

The FOMC needs a better editor.  (Crossing Wall Street)

The US is once again the world’s largest producer of petroleum.  (FT)

Economists

Economists love Uber.  (The Upshot)

What an economist can bring to business strategy.  (HBR)

Earlier on Abnormal Returns

What you might have missed in our  Monday linkfest.  (Abnormal Returns)

Top clicks from last week’s Abnormal Returns.  (Abnormal Returns)

Mixed media

How mindfulness can affect your spending.  (Bucks Blog)

We are not all created equal: on the myth of the 10,000 hour rule.  (Slate)

Lessons learned from ten years of blogging about investing.  (Random Roger)

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