from Counterparties:

Flash mob

By Ben Walsh
March 31, 2014

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“The US stock market... is rigged.” That was Michael Lewis’ one sentence summation of his new book Flash Boys on last night’s 60 Minutes.

from Counterparties:

Roasted Turkey

By Ben Walsh
March 28, 2014

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For the last 10 years, Turkey has been a growth miracle. It increased exports by afactor of ten; GDP and per capita income rose threefold. But the cornerstone of that economic success – political stability – is now under threat.

from Counterparties:

Citi-wide failure

By Ben Walsh
March 27, 2014

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Citigroup can now claim worst-in-class stress test performance. For the second timein three years, the Federal Reserve rejected the bank’s capital plan. Citi proposed raising its dividend from a penny to 5 cents and repurchasing up to $6.4 billion in stock. However, the Fed rejected the plan, saying it doubted the “overall reliability of Citigroup’s capital planning process”.

from Counterparties:

Recovery-lite

By Ben Walsh
March 26, 2014

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from Counterparties:

Alibaba’s New York debut

By Ben Walsh
March 19, 2014

Alibaba, the Amazon, eBay, and Paypal of a country with 618 million internet users, is going public. The company will raise around $20 billion at an approximately $150 billion valuation, with the roadshow scheduled to begin March 25; the underwriting banks are expected to make $400 million in fees on the deal.

from Counterparties:

McCarthyisms

By Ben Walsh
March 18, 2014

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from Counterparties:

Take that, copper!

By Ben Walsh
March 13, 2014

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from Data Dive:

America’s job market: still not good enough

By Ben Walsh
March 11, 2014

On Tuesday morning, the most recent Bureau of Labor Statistics Job Openings and Labor Turnover (JOLTs) data showed that the rate of hiring, turnover, and the number of open jobs was basically flat.

from Counterparties:

The London Eye

By Ben Walsh
March 10, 2014

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from Counterparties:

Finding Nakamoto

By Ben Walsh
March 6, 2014

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