$$$ Facebook Earnings Beat; Profit Margin Falls Sharply [CNBC]
$$$ U.S. Economy Unexpectedly Contracts in Fourth Quarter [WSJ]
$$$ Is Renaissance Technologies Falling off the Mark? [II Alpha]
$$$ Draghi Bank of Italy Knew of Monte Paschi Missteps in ’10 [Bloomberg]
$$$ Deutsche Bank is looking for a sales officer for trade finance solutions in New York [DBCC]
$$$ Venezuela’s bonds have had a 14.7% annual return [Bloomberg]
$$$ Goldman Sachs braces for bond market blow up [Fortune]
$$$ Treasury Posts Losses on TARP Auctions [WSJ]
$$$ “What is the problem with Internet trolls? Why do people dislike them so much? Is it just an example of following-the-herd mentality? Some kind of deeper prejudice? A love of bridges? What is the source of this animosity? Why does it perpetuate itself? Where did this prejudice come from?” [The Awl]
The II article has the wrong returns for RIEF. Their results are actually > 400-600bps CAGR higher than the S+P for 3-5 years, not merely cumulative.
Unexpected contraction – my reaction when Shazar is allowed to post again.