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Quote of the Day
"Whale Oil wasn't eventually killed by technology, or alternatives, but by the 1986 International Whaling Commission's ban on commercial whaling, a good 100 years after the US whale industry had become a rounding error in the economy."
(Jamie Powell)
Fixed Income
- Do individual investors know what they are buying in leveraged loan funds? (ftalphaville.ft.com)
- Assessing the wreckage in bond ETFs this year. (etf.com)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
Crypto
- Jim Greco, "Far from being disintermediated, Wall Street is at the center of the new wave in interest in crypto." (tradingplacesnewsletter.com)
- Circle wants to make buying a basket of cryptocurrencies easier. (fastcompany.com)
Companies
- Why does Twitter ($TWTR) keep messing with its most active users? (500ish.com)
- Apple ($AAPL) wants to give you $50 if you had to replace your iPhone's battery. (venturebeat.com)
Finance
- No one knows what to do with Fannie and Freddie. (bloomberg.com)
- Startup OpenDoor is allowing customers to "trade-in" in their current home for a new one. (wsj.com)
- These guys step in when a private equity firm is 'troubled.' (institutionalinvestor.com)
Banks
- It's become more difficult to find a troubled bank these days per the FDIC. (calculatedriskblog.com)
- The US has too many damn banks. (ft.com)
Earlier on Abnormal Returns
- Personal finance links: personal finance superpowers. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: measured against theory. (abnormalreturns.com)
Mixed media
