In this installment of Alphaville’s increasingly frequent podcast, Izzy, Simon and David chat about negative rates and whether they are a sensible policy option or a one way ticket down the rabbit hole.
Tesla stock seems to be flying on a SpaceX shuttle mission to Mars at the moment:
Here’s a moderately informative activity for a Friday afternoon.
Log on to your Bloomberg terminal. Type UUID <GO> Read more
Go on, take a break from sneaky Question Bank practice at work to enter FT Alphaville’s first ever CFA meme competition!
Here’s a few we’ve come up with ourselves
when we really should have been studying, and we are absolutely certain you guys can think of better ones…
CFA Confession Bear
Header credit goes to UBS’s Paul Donovan, the source of the piece of Japanese skepticism that follows. He takes us first to Sherlock Holmes’ “Silver Blaze”:
Gregory: “Is there any other point to which you would wish to draw my attention?”
Holmes: “To the curious incident of the dog in the night-time.”
Gregory: “The dog did nothing in the night-time.”
Holmes: “That was the curious incident.”
A strong opening gambit, as yen tales go. Read more
Beyond a certain point, incremental increases in income stop making a difference to someone’s satisfaction with his or her lot in life.
After obtaining a nicely stocked humidor, a couple of Bentleys, a Patek Phillipe, an account with Coutts, and membership at The Hurlingham Club, what else is there, really? Maybe there’s nothing. Maybe we should ask the miserable bankers making a million who are struggling to
get by keep up with their equally wealthy peers…
But do not despair! For it turns out that more money does seem to equal higher reported life satisfaction! Even at relatively high levels of income! Even though we’re not in a position to be relived ourselves about that (media — it’s a booming industry, kids), we’re very happy for those of you who are! Read more
Live markets commentary from FT.com
Co-op’s rating cut || The latest in Cy-fi || Fannie to pay $59.4bn dividend to Treasury || Icahn & Southeastern team up for new Dell offer || ArcelorMittal profits surprise to upside || Google launches YouTube subscriptions || iRadio stumble for Apple || Sprint Nextel fight rumbles on || ResCap bankruptcy timing criticised || Market update Read more
This is a speech Ed Miliband made on “stewardship” banking last year… at the Co-op.
This is a speech by George Osborne hailing 2013 as the year we changed British banks, including the planned sale of Lloyds branches to… the Co-op.
Which deal then collapsed. Read more
Elsewhere on Friday,
- “…old hedge fund guys tend to be goldbugs and hyperinflation hypochondriacs”
- HFT goes microwave.
- A tale of two oil states.
- A history of negative rates in repo. Read more
Japanese stocks soar || Yen weakens further beyond 100 || Vietnam cuts interest rates || Report criticises ENRC Congo deals || Hester determined to lead RBS sell-off || Schauble warns of monetary easing risks || Japan CA surplus highest for a year || Europe households’ debt burden exceeds US Read more