Book review: Mohamed El-Erian in The Only Game in Town: Central Banks, Instability and Avoiding the Next Collapse argues that it is time for fiscal policy to move to the fore. (Institutional Investor)
Quote of the Day
"We know you can’t hold back production to get higher prices later if you have debt to service. Only equity financed production has that luxury."
(Mark Dow)
Markets
- A graphical look at just how bad 2016 has been for global markets. (ftalphaville.ft.com)
- Negative bond yields abound globally. (bloomberg.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. This special subscription offer includes free investment classic book! (moderntrader.com)
- The uber-popular Amazon Fire 7" is once again only $39.99. (amzn.to)
Companies
- Are the big tech companies disruptable? (bloombergview.com)
- What would a Taco Bell spin-off look like? (bloomberg.com)
- Companies need to focus on what an aging world looks like. (institutionalinvestor.com)
Finance
- Citadel is now a market maker on the NYSE. (next.ft.com)
- Hedge funds are spreading their relationships among more banks. (bloomberg.com)
- Keep an eye on coverage, not leverage. (bloomberg.com)
Funds
- How is JP Morgan ($JPM) doing with its ETF push? (etf.com)
- How big ETF trades get done. (etf.com)
- Why measuring fund performance, pre-fees is ridiculous. (tonyisola.com)
- How new rules could force investors from ETFs to ETNs. (bloomberg.com)
Global
- A peek at Russia's economy. (conversableeconomist.blogspot.com)
- How so many Chinese got taken in a Ponzi scheme. (washingtonpost.com)
Economy
- Market-derived inflation forecasts are plunging. (capitalspectator.com)
- What economics education should look like. (qz.com)
Earlier on Abnormal Returns
- Startup links: user feedback. (abnormalreturns.com)
- I recently appeared on a couple of podcasts. Check out those episodes. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
Offers
- Sign up for a 30-day trial of Audible.com and get two free books including "The Happiness Track." (amazon.com)
- Who needs Spotify or Pandora when your Amazon Prime account allows for free music streaming. Start a free-trial now! (amazon.com)
