Hot Links: Destroying Everything You Love
What I'm reading this morning:
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.” (
Japanese politicians are tweaking and freaking with every gyration in the Nikkei. (
In case you haven’t gotten to it yet, the NSA whistleblower has revealed himself and has quite a story to tell. (
Here’s the bear case for stocks: (
Will Apple’s Jonny Ive play a big role at this week’s big developer’s conference? (
Meet tech legend Rich Barton, the Man Who Escaped Microsoft. (
A must-read meditation on the wisdom of crowds from Niels Jensen’s Absolute Return letter. (
Richard Bernstein has been preaching US stocks over EM for a long time, his case laid out in Barron’s this weekend. (
On the limits of the ECB’s “unlimited” bond-buying program. (
Bill Maher: Yes, weed is legal now and it’s not going away. Deal with it. (
Seven reasons not to get too excited about that share buyback your stock just announced. (
Ten things economists won’t tell you. (
Jerry: Gold looks like it wants to roll over again. (
Hollywood’s gossip war goes thermonuclear. (
) NYT REMINDER: Backstage Wall Street is now on Kindle!
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