Book review: Wall Street Wars: The Epic Battles with Washington That Created the Modern Financial System by Richard E. Farley is “illuminating.” (Reading the Markets)
Quote of the Day
"(T)aking money and attention away from the web means that the pace of web innovation will slow to a crawl...And asking most small- to medium-sized sites to weather that change without dramatic consequences is utterly foolish. "
(Nilay Patel)
Chart of the Day
The story behind the emerging markets meltdown. (Chart via ETFreplay)
Strategy
- Investment experience only gets you so far. (awealthofcommonsense.com)
- Trading for a living is a business. Treat it as such. (thetickertape.com)
- Bear markets are a rough mix of up and down days. (priceactionlab.com)
Offers
- It seems crazy but Amazon ($AMZN) is selling Fire HD tablets for $49.99. Even crazier if you buy 5 you can get the sixth for free. (amzn.to)
- ETFreplay.com is offering a special subscription deal for Abnormal Return readers. (goo.gl)
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Special Subscription Offer! (moderntrader.com)
Amazon
- Amazon's ($AMZN) plan for its hardware lineup is becoming clearer. (wired.com)
- Why you are going be spending more time talking to your TV. (sixcolors.com)
Finance
- Why IEX wants to become an exchange. (bloombergview.com)
- Five things ZIRP did for the corporate bond market. (bloomberg.com)
- Pension funds are woefully behind in updating their return assumptions. (evidenceinvestor.co.uk)
ETFs
- What will money market managers do with the extra yield? (wsj.com)
- After a slow start can Goldman Sachs ($GS) make headway in the ETF market? (bloomberg.com)
Global
- Calculating fair values for emerging market currencies may be "pointless." (ft.com)
- Toronto is booming but Canada is in recession. (blog.yardeni.com)
Economy
- Weekly initial unemployment claims continue to sag. (calculatedriskblog.com)
- What do standard models say about a Fed rate hike? (capitalspectator.com)
- Final thoughts about the Fed's forthcoming decision. (economistsview.typepad.com)
- Taking away policy accommodation is always difficult. (alephblog.com)
Earlier on Abnormal Returns
- Longform links: a particular narrative. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
- A special offer for Abnormal Returns readers from ETFreplay.com. (abnormalreturns.com)
