Thursday links: recession watch

10Jan08

Why does the financial media never claim that the bond market is in a bubble? (Crossing Wall Street)

More evidence on why you should never purchase a closed-end fund IPO. (WSJ.com)

An early sign of bottoming in the stock market. (IndexIndicators.com)

Data on carving up the global equity pie. (Capital Spectator)

The spread between 3 month LIBOR and Fed funds is returning to more normal levels. (WSJ.com)

Financials are pricing in a recession and are planning dividend cuts. (FT Alphaville, Market Movers)

Don’t get too worked up about perceived relationships between currencies and the stock market. (CXO Advisory Group)

On the difference between the MacroShares Oil securities and traditional ETFs. (ETF Trends)

Blackstone Group (BX) beefs up its hedge fund business and reverses (in part) its own public offering. (DealBook, ibid)

A hedge fund incubator goes public via a reverse merger. (All About Alpha)

Hedge fund activism is hot. (Going Private)

On the challenges of putting together even a simple portfolio of ETFs. (Abnormal Returns)

“A significant reason why the brightest still clamour to sign up at these banks, and why investment bank traders desire to run hedge funds is precisely because their pay is a non-recourse strip of yearly call options on market beta and talent alpha.” (Financial Crookery)

Recession watch. (Calculated Risk, Econbrowser)

The “great moderation” of macroeconomic volatility has flattened out, albeit at low levels. (Economist’s View)

More fallout (and debate) over the perceived failure of the prediction markets in the New Hampshire primary. (EconLog, Market Movers, Freakonomics)

Some 200 economics blogs ranked. (26econ.com)

Is there a bubble brewing in the world of alternative energy? (DealBook)

Monitoring home energy use and how, “Your thermostat and your water heater are day-trading for you…” (NYTimes.com)

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