Ryan's Feed
May 16, 2013
via Felix Salmon

Counterparties: Commissioners Found Taken Captive

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Today something strange happened: a dreary, easily overlooked vote at the Commodity Futures Trading Commission ended up on Gawker.

May 10, 2013
via Felix Salmon

Counterparties: Well Fed critics

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At a conference in Chicago today, Ben Bernanke seemed like he was talking directly to his critics. In a speech on monitoring the financial system, Bernanke’s message was, essentially: we’re keeping an eye on things. (Shadow banking, in particular, is still a risk, he warned.)

May 8, 2013
via Felix Salmon

Counterparties: Putting a price on illness

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The US government is giving a whole new meaning to the term “price discovery”. Today, the federal Centers for Medicaid and Medicaid Services released a trove of seemingly basic data to the public for the first time: the prices American hospitals charge Medicare for the 100 most common inpatient procedures.

May 1, 2013
via Felix Salmon

Counterparties: Neither a champion nor a frustration

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One day after a downright cheery report on the housing market, Barack Obama has moved to replace the widely-criticized head of the FHFA. Mel Watt, a Democrat and longtime presence on the House Financial Services Committee, has been nominated to replace Ed DeMarco, who’s been acting head of the agency that regulates Fannie Mae and Freddie Mac since 2009.

Apr 30, 2013
via Felix Salmon

Counterparties: Apple’s superlative borrowing

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Apple has a long list of superlatives to its name; this week, it added two more titles to the roster. It’s now the world’s biggest dividend payer, and also the company behind the largest investment-grade corporate-bond offering of all time. Today’s $17 billion in bonds, which attracted an order book of $50 billion, constitute Apple’s first debt issuance since 1994; the company ended up raising more money than even the Facebook IPO did.

Apr 19, 2013
via Felix Salmon

Counterparties: The economics of flying blind

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The leaders of the G20 met in Washington today; their official communique was sent out, like any grand pronouncement, as a Word document posted on a Russian website.

Apr 16, 2013
via Felix Salmon

Counterparties: Beef Rogoff

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The ur-text of the international austerity movement may have a few damning errors in it — including, it seems, some silly Excel mistakes. Mike Konczal set off a near-riot in the econoblogosphere today with this post, which summarizes a new paper that takes aim at seminal 2010 work by Carmen Reinhart and Kenneth Rogoff. The paper concludes that R&R made significant errors in their work:

Apr 10, 2013
via Felix Salmon

Counterparties: How the Penney dropped

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Ron Johnson’s disastrous tenure at JC Penney ended on Monday with the company’s stock down roughly 50% during his tenure. The former Apple and Target exec, an acknowledged retail star, is out after just 17 months — a 25% drop in sales will do that to you.

Apr 5, 2013
via Felix Salmon

Counterparties: The slow March of the recovery

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The US economy added just 88,000 jobs in March, which was the lowest monthly job growth since June of last year.

Mar 28, 2013
via Felix Salmon

Counterparties: Breaking up is hard to do

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Simon Johnson has a rather startling claim in his NYT column today: “the decision to cap the size of the largest banks has been made. All that remains is to work out the details.”