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New Rules for the Bronconeers

I’m not a big fan of Amy Schumer (don’t know why – things just seem to rub me the wrong way far too often or I’m just too old for her brand of humor), but this sketch about football and rape is pretty funny and, as is the case for most good satire, quite instructive.

These videos of Rodney Dangerfield and Robin Williams on the Tonight Show with Johnny Carson that showed up in the Up Next sidebar are more my style – I guess I am getting old…

 

Friday Morning Links

MUST READS
Equities at all-time high after Nasdaq record – Reuters
Investors’ exuberance at frighteningly high level – MarketWatch
Greece’s Scary Calendar of Debt Payments Due – Bloomberg
Greece, European creditors fail to reach deal on bailout – US News
EU Frustration Mounts as Greeks Try to Bypass Aid Process – Bloomberg
U.S. sues Quicken Loans, accuses it of mortgage lending violations – Fortune
Confirmed: Oklahoma Earthquakes Caused By Fracking – EcoWatch
Oklahoma Lawmakers Vote To Outlaw Fracking Bans – Think Progress
Clinton Campaign Not Answering Questions About Sketchy Donations – reason.com
Two-thirds of Americans don’t understand how credit cards work – My Budget 360
Where the Bad of Deflation Looks Good – true economics
Crash Boys – Lewis, Bloomberg

MARKETS/INVESTING
Stocks mostly up after Nasdaq record – AP
Google, Amazon poised to lead Nasdaq higher – MarketWatch
Oil prices trade near 2015 highs on Yemen worries – Reuters
Problem: Many investors are ‘rate hike newbies’ – CNN/Money
As China Stocks Outrun the 2007 Bubble, UBS Braces for Clampdown – Bloomberg
If China Sees Capital Outflows Now, What Happens in Crisis? – Bloomberg
Gold retreats as global equities hit all-time highs – Reuters
The Rehypothecation of Gold, and Why It Matters – of two minds
Silver – Four Years Later – GoldSilverWorlds

ECONOMY/WORLD/HOUSING/BANKING
The Disappointing U.S. Economy – Bloomberg
Strong dollar winning in Battle Against Cheap Gas – NY Times
Paul Volcker Isn’t Worried About Low Inflation. You Shouldn’t Be Either – Bloomberg
Are Leading Economists Corrupt, or Just Mind-Blowingly Ignorant? – Washington’s Blog
Putin’s Miracle Dissolves as Russian Middle Class Faces Crunch – Bloomberg
RT News: When words speak louder than guns – euobserver
Work Tensions Rise in China, Despite Calls for Harmony – WSJ
The Recovery in the Housing Market is Still Blotchy – Fox Business News
Julian Castro, HUD Secretary, Admits Affordable Housing Difficulties – Latin Post
Swiss Central Bank Says Negative Rates Won’t Become ‘New Normal’ – WSJ
San Francisco Fed Sticks to Rosy Forecast Despite Recent Weakness – WSJ

 

Thursday Morning Links

MUST READS
China Manufacturing Gauge Drops to 12 Month Low – Bloomberg
Sweatpants-Wearing Rando May Have Caused the Flash Crash – New Yorker
Deutsche Bank to pay more than $2 billion on rate-rigging – The Age
The ‘Rationality’ Behind the Currency Genocide – Alhambra Partners
Central Banker Sees “Illusion of Liquidity” & “Asset Bubbles,” Dreads Crash – Wolf Street
Half of U.S. Fracking Companies Will Be Dead or Sold This Year – Bloomberg
Oil slump may deepen as US shale fights Opec to a standstill – Telegraph
Raising Social Security’s retirement age is a disaster for the poor – Vox
Smoky Restaurants Worse than Air Pollution in China – WSJ
The 10 healthiest countries in the world – Marketwatch
Get rid of that debt before you retire – USA Today
The Euthanasia of the Saver – Zero Hedge

MARKETS/INVESTING
Stocks turn lower after weak data – AP
Hong Kong stocks slip after China data – MarketWatch
With a bullet: Pros panic first – USA Today
Should you “Sell in May and go away”? – Fidelity
The Irresistible 2% Yield Whose Downside Appears Forgotten – Bloomberg
Dollar Bulls: Check Yourself Before You Wreck Yourself – Barron’s
Surprising stocks push Nasdaq closer to record – CNN/Money
Gold around 3-week lows on dollar strength, U.S. data – Reuters
Are Gold Bears Starting To Wake From Hibernation? – GoldSilverWorlds
Does any nation hold the gold it says it does? – Mineweb

ECONOMY/WORLD/HOUSING/BANKING
Debt supercycle, not secular stagnation – voxeu
Airbrushing Austerity – Krugman, NY Times
Secular Stagnation or Golden Era of Low and Stable Growth? – PragCap
France declared “lost in stagnation” by economists – Telegraph
Surprise, Surprise: The U.S. May Be Growing Faster Than China – WSJ
Euro-Region Output Growth Slows as Economy Awaits QE Effect – Bloomberg
Rabid buyers may end doubts about B.C. micro-condos – Business Vancouver
Even as Home Values Rise, Negative Equity Rate Flattens – Zillow
Was Monetary Policy Loose During the Housing Boom? – MAOMM
The preferences of FOMC members – voxeu

 

Wednesday Morning Links

MUST READS
EU charges Gazprom with market abuse – BBC
Greece and lenders try to avoid ‘brinkmanship’ – euobserver
Europe’s debt mountain just got bigger – Telegraph
ECB to fund Greek banks as long as they stay solvent – Reuters
This Is Nuts – $5.3T Of Government Bonds Have Negative Yields – Contra Corner
Mystery Trader Armed With Algorithms Rewrites Flash Crash Story – Bloomberg
U.K. speed trader arrested over role in 2010 U.S. ‘flash crash’ – Reuters
Donald Trump responds to his conservative critics with tweetstorm – Vox
Lopsided Bureaucratic Rationing Won’t Cure California’s Water Crisis – reason.com
Millennials Are Feeling Better About Their Finances – Fiscal Times
The Founding Fathers Fought Against Inequality – Washington’s Blog
The Upwardly Mobile Barista – Atlantic
Is Government Debt Too Low? – WSJ

MARKETS/INVESTING
Nikkei rises above 20,000, Europe stocks down – AP
Is the Death of the US Bull Market Imminent? – FSO
Value vs. Growth Stocks in Normal and Crisis Times – voxeu
Japan’s Nikkei closes above 20,000 for first time in 15 years – CNN/Money
Kass Identifies 12 Big-Picture Factors That May Weigh on Markets – The Street
Mom-and-Pop Traders Went on a Buying Binge During Last Friday Plunge – Bloomberg
10 reasons why the bears could be right about this market – MarketWatch
Gold steadies on weak dollar, shares; investors watch Greece – Reuters
Better to be in gold than in the stock markets – Griffiths – Mineweb

ECONOMY/WORLD/HOUSING/BANKING
Inequality Is a Bipartisan Issue – Bloomberg
Economists discover how bad the economy really is – Washington Post
Japan logs first monthly trade surplus in almost three years – CNA
Silk Road Fund makes first investment – China Daily
South Korea seeks bigger role in global arms bazaar – Reuters
‘Noflation’ helps squeeze on household finances ease to six-year low – Telegraph
These Charts Will Tell You Where the Housing Market Is Headed This Year – Bloomberg
Why Higher Interest Rates Will Worsen the Housing Market – Daily Finance
Bank of England policymakers unanimous on holding rates – AP
Monetary Stimulus Creates Only Pseudo Wealth – IBD

 
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