Hot Links: Destroying Everything You Love

Stuff I’m Reading this Morning…

“The Yen carry trade is basically driving risk markets globally and will eventually destroy everything you love. It is a virtual certainty that large positions will need to be unwound leaving too many looking for the exits at the same time.”  (DynamicHedge)

Japanese politicians are tweaking and freaking with every gyration in the Nikkei.  (JapanTimes)

In case you haven’t gotten to it yet, the NSA whistleblower has revealed himself and has quite a story to tell.  (Guardian)

Here’s the bear case for stocks:  (HumbleStudent)

Will Apple’s Jonny Ive play a big role at this week’s big developer’s conference?  (TheTell)

Meet tech legend Rich Barton, the Man Who Escaped Microsoft.  (Wired)

A must-read meditation on the wisdom of crowds from Niels Jensen’s Absolute Return letter.  (CreditWritedowns)

Richard Bernstein has been preaching US stocks over EM for a long time, his case laid out in Barron’s this weekend.  (Barrons)

On the limits of the ECB’s “unlimited” bond-buying program.  (ZeroHedge)

Bill Maher: Yes, weed is legal now and it’s not going away. Deal with it.  (RollingStone)

Seven reasons not to get too excited about that share buyback your stock just announced.  (Quartz)

Ten things economists won’t tell you.  (MarketWatch)

Jerry: Gold looks like it wants to roll over again.  (TheArmoTrader)

Hollywood’s gossip war goes thermonuclear.  (NYT)

REMINDER: Backstage Wall Street is now on Kindle!