ROBERT SHILLER: Bitcoin Is An Amazing Example Of A Bubble Business Insider. Shiller is seldom this definite.
Offshore Leaks, Tax Haven Secrecy Revealed International Consortium of Investigative Journalists
Ukraine unrest spreads beyond Kiev Financial Times
Prolonged Fight Feared in Egypt After Bombings New York Times
Assad regime and rebels agree talks Guardian
The Re-Judaizing of Israel Counterpunch (Carol B)
Emerging Markets Meltdown
Emerging market rout turns serious, punctures exuberance in Davos Ambrose Evans-Pritchard, Telegraph
Emerging Market Contagion Spreads; Argentina, Venezuela, Turkey Roundup; 50% Tax on Internet Purchases Michael Shedlock. Helpfully flags the role of falling corn and soyabean prices in Argentina’s tsuris.
Mexico set for $7bn foreign cash boost Financial Times
All Of The Turmoil In Global Markets Right Now Is Just One Gigantic Hedge Fund Short Squeeze (SPX, SPY, DIA, DJI, QQQ, TLT) Business Insider. Haha, all these hedgies only know other hedgies (or their rich clients) and therefore they really thought the economy was doing SOOO much better!
Big Brother is Watching You Watch
OC Register explodes Medicare myths Columbia Journalism Review
Americans Think Their Own Member of Congress Should Lose Jon Walker, Firedoglake
A rival car service says Uber has been using questionable tactics to recruit its drivers CNN. Lambert: “Libertarian paradise!”
U.S. Stocks Fall; DJIA Suffers Biggest Weekly Drop Since Sept. 2011 Wall Street Journal. You have to love the happy talk. For instance: “Traders said that despite the scope of the declines, fund managers weren’t overly urgent in their selling….Buyers, meanwhile, pulled to the sidelines, content to wait before putting money to work.”
The Keeping-Up-With-the-Joneses Myth Atlantic (Carol B)
The Ultimate Transparency Angry Bear
A Lawyer and Partner, and Also Bankrupt…for reasons that have nothing to do with being a non-equity partner… Adam Levitin, Credit Slips. Levitin shreds the lead article in the New York Times business section by James Stewart.
Profiting From Veterans’ Trust New York Times
Retail Sales Cannibalization Michael Shedlock
Indulging vanity will not help the poor Financial Times. Bill Easterly takes on Bill Gates.
Antidote du jour. From Fruzy mouse’s e-mail:
Everyone knows who Koko the gorilla that speaks sign language is. For her birthday one year, she signed to her teacher that she wanted a kitten. Koko’s teacher wasn’t surprised, as Koko’s two favorite books were about cats. They adopted one from an abandoned litter and Koko showed it tender care and gentleness.