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The Traders and Markets
Investing during a period of “financial repression” : powerful fund manager Mohamed El-Erian gives his view.
The Securities and Exchange Commission is proposing new rules for credit-rating agencies. Now it just has to propose how to make people follow them.
Oaktree Capital Management is seeking, to have its shares traded on the public market. This is interesting because Oaktree used to have its shares listed on a private exchange, but they weren’t getting very much demand. Oaktree will just have its shares ported over – it won’t raise any new capital. It just wants buyers, apparently.
The Bankers
Now that Dominique Strauss-Kahn is out of the way, the IMF could really make something of itself, argues Matthew Lynn.
Banks are being regulated by….Bueller? Bueller? Anyone?
The Economists
Jamie McAndrews of the Federal Reserve has a bone to pick with people who claim that the Fed’s $600 billion Treasury-buying program, QE2 (or as he calls it, “large-scale asset purchases, or LSAPS”) is just “printing money.” Nor will it lead to inflation, according to his argument. Read and think.
The Politicians
Treasury Secretary Tim Geithner spoke at the Harvard Club yesterday.
Recreational Reading
A fake count is flogging Giacometti forgeries.
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