How the Fed fueled an
explosion in subprime auto loans: auto loans to subprime borrowers surged
18% in 2012 to 6.6 mm—largely thanks to yield-starved investors soaking up
securitized deals and rising demand for cars amidst recovery. [Note: inflation
is coming]…Source: http://www.reuters.com/article/2013/04/03/us-usa-qe3-subprimeauto-special-report-idUSBRE9320ES20130403
PIMCO's Gross sees
major challenges for 'total return' era: "All of us, even the old guys
like Buffett, Soros, Fuss, yeah - me too, have cut our teeth during perhaps a
most advantageous period of time, the most attractive epoch, that an investor could
experience…Perhaps, however, it was the epoch that made the man as opposed to
the man that made the epoch.” [Note: It has never been an easy business, less
so with size]…Source: http://www.pimco.com/EN/Insights/Pages/A-Man-In-The-Mirror.aspx
The Bitcoin bubble
and the future of currency: Emerging as a very useful currency in police
states, or anywhere that monetary policy could fail catastrophically, bitcoins
are an uncomfortable combination of commodity and currency. The commodity value
of bitcoins is rooted in their currency value, but the more of a commodity they
become, the less useful they are as a currency. In many ways, it is indeed a
perfect currency— frictionless, anonymous, and cryptographically astonishingly
secure—but trusting someone to look after the coins requires the very trust
that it was designed to circumvent. Ultimately, the biggest problem with it is
hyper-deflation with increasing demand and limited supply. [Note: a long, good
piece worth reading]…Source: https://medium.com/money-banking/2b5ef79482cb
The building boom
behind internet shopping: 25 million square meters over the next 5 years are
needed to store and handle the retailers’ inventory due to online growth,
according to a report from real estate research firm Jones Lang LaSalle. [Note:
mostly consolidating their existing channels, deliverable lockers also a
solution]…Source: http://www.wired.com/business/2013/04/central-park-sized-ecommerce-warehouses/
What’s the best
sentence ever formed? Per Quora, it’s “I do not know where family doctors
acquired illegibly perplexing handwriting; nevertheless, extraordinary
pharmaceutical intellectuality, counterbalancing indecipherability,
transcendentalizes intercommunications’ incomprehensibleness.” [Note: rhopalic,
pretty cool]…Source: http://marginalrevolution.com/marginalrevolution/2013/04/whats-the-best-sentence-ever-formed.html
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