My afternoon train reading:

• S&P 500 Caps Longest Decline Since November on Europe (Bloomberg) see also European Bank Shares Take a Nosedive (Dealbook)
• The Age of the Shadow Bank Run (NYT)
• Here is why Facebook bought Instagram (Gigaom) see also Visual Candy: The Rise of Instagram (New Yorker)
• Bankruptcy costs and America’s household debt crisis (VOX)
• How to Really Simplify the Tax Code (Economix) see also The U.S. Has a Low Corporate Tax (Citizen for Tax Justice)
• Jonah Lehrer on Decision-Making (The Browser)
• 50 Content Ideas to Create Buzz (Conversation Agent)
Album review: The Alabama Shakes’ ‘Boys & Girls’ (LA Times)
• Rick Santorum drops out of the presidential race (WaPo) see also Barack Obama’s empathy edge (Washington Post)
• For Your Ads Only: 50 Years of James Bond Product Placement (Businessweek)

What are you reading?

Time to Cast More Light on Finance’s ‘Shadows’

Source: WSJ

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

13 Responses to “10 Tuesday PM Reads”

  1. PeterR says:


    SPY 137-138 and MA(50) support broken in high fashion on huge volume.

    Next Head and Shoulders support (as posted 3/21) is around SPY 133 +/-.

    Come back tomorrow.

  2. rd says:

    There is more than just shadow banks out there:

    dark pools combined with private equity means that a substantial amount of American companies’ value is not traded on stock exchanges. Probably one of the reasons that the stock market has been hitting high valuation points as money is made available by the Fed and 401ks.

  3. Tiggy says:

    Alabama Shakes is playing at the Bowery Ball Room tomorrow night.

  4. PeterR says:

    Thanks rd.

    BR what say ye about dark pools and more?

  5. Joe Friday says:

    Jonah Lehrer on Decision-Making

    Jonah’s appearance at ‘The Commonwealth Club‘ will be broadcast this weekend.

  6. mathman says:

    What a great way to make money!

    Hey, how about that RECOVERY!
    Avg. Folks Choosing Food, Health, or Fuel

    Romney and the neocons, here we go again
    Romney “Surrounded by Neocons, Playing Around with Matches” on Iran

    Huge earthquake this morning near Sumatra – tsunami warnings issued

  7. dead hobo says:

    BR noted:

    The Age of the Shadow Bank Run (NYT)

    It’s nice to read when the NYT agrees with my observations. I appreciate the way they brought the discussion forward with more details. I suspect the new hide for cover trade will be a much much faster flight to safety in long term treasuries when things look punk. I still think LT treasuries will feed a revival in US equities in the coming weeks and months. But when Europe looks like another explosion is coming (possibly annually from now on until half the EU disconnects from the euro), LT treasuries will be a place for the really fast money to visit, for quick capital gains if nothing else.

    Re the EU issue mentioned above: Greece will be first within maybe 18 months and will cause sheer terror in apprehension. When it is noticed that nothing much happened bad except sheer terror, the rest of southern Europe will quickly and quietly join Greece.

  8. Moe says:

    Finally an Alabama Shakes album! I’ve been watching them on YouTube for quite some time…thanks for the heads-up.

    Saw this and spit coffee all over.. Chris Christie says ;”We’re a nation of couch potatoes”. Whether true or not, somebody needs to get this guy to a mirror stat!

  9. NoKidding says:

    Infographic: “Public shadow money”
    There is so much wrong with that combination of words!

  10. Greg0658 says:

    DH – ” (possibly annually from now on until half the EU disconnects from the euro)”
    just who do you think will be the final players at the p0ker table as that game plays out ? and then what ?

  11. AHodge says:

    re george mason and shadow banks
    im glad to hear the profs mostly agree on this–hell of an econ or finance dept
    while it is not the whole story, there are other securitization problems
    AND the fake insurance off all kinds, AND the accounting and derivatives as keys
    its a start
    i was just out there giving a lecture and didnt pick up on this talent

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