How do economics nerds celebrate Valentine’s Day? By sharing wonky jokes on Twitter, of course.
While the object of the Twitterati’s affections last year was the Federal Reserve, this year they had eyes only for the Greeks, who went to Brussels — hat in hand and designer scarf on neck — to request an extension to their bailout deal.
— Downtown Josh Brown (@ReformedBroker) February 13, 2015
First we borrow, Then we spend, You bail me out, Or the Euro will end. #GreekValentines
— Justin Wolfers (@JustinWolfers) February 13, 2015
Meanwhile, advisor and physician Carolyn McClanahan says what’s on everyone’s mind every time yet another news headline asks this question:
— Carolyn McClanahan (@CarolynMcC) February 19, 2015
In late February, the Securities and Exchange Commission held its annual SEC Speaks conference, and boy, did they speak. One topic was the many priorities the agency has to juggle — not only advisor regulation and putting the JOBS Act into action, but all those rulemakings foisted upon it by Dodd-Frank.
Piwowar says joke is making the rounds: “Did you hear the Sec has invented a new stove? It has 50 front burners.” Lol. #SECSpeaks
— Megan Leonhardt (@Megan_Leonhardt) February 20, 2015
At long last, the Department of Labor’s overhauled fiduciary plan advanced to the Office of Management and Budget. As President Barack Obama threw his support behind it, an issue that the industry has been debating for years was blown into the public consciousness.
Nothing sets hearts racing faster than a Department of Labor fiduciary duty standard rule-making. #ClickBait
— Ben White (@morningmoneyben) February 23, 2015
Near the end of the month, Fed Chairwoman Janet Yellen testified before the Senate and the House. She was grilled on issues including critical comments the Fed’s general counsel had made on Dodd-Frank (“I am certainly not seeking to alter Dodd-Frank at this time”) and whether the central bank should be audited (heck, no)
— Ben White (@morningmoneyben) February 24, 2015
XBI biotech index up 45% since #Yellen called out the group for being overvalued…hope she calls out a couple names in my portfolio today