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.
I thought that I should never see, a man beg for bailouts wearing Burberry. #GreekValentines pic.twitter.com/l2CBimvKc0
— 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:
Can you invest like Warren #Buffet? @CNBC @sharon_epperson NO, at least not without his brain, money, and resources. http://t.co/19n2tys52r
— 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)
In my mind, #Yellen threw that Deloitte report and screamed: "You want an audit? Here is your damn audit!" pic.twitter.com/Jr8qrG2sJd
— 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
— Charles V Payne (@cvpayne) February 24, 2015
Janet Yellen being interrogated by professional fundraisers.
— Downtown Josh Brown (@ReformedBroker) February 24, 2015
Meanwhile, in the always-fun world of ridiculous correlations, Charles Sizemore, chief investment officer of Sizemore Capital Management, digs up this gem from Forbes' David Leinweber (who debunks a racier indicator in the linked article).
This never stops being awesome: The Bangladeshi Butter Indicator: http://t.co/iD7VR1OKUy pic.twitter.com/9XSP7BELDG
— Charles Sizemore (@CharlesSizemore) February 24, 2015
In a much anticipated move, DoubleLine and its CEO, Jeffrey Gundlach, launched the SPDR DoubleLine Total Return Tactical ETF. Eric Balchunas, an ETF reporter with Bloomberg, drew some interesting parallels with a certain other total return ETF.
$TOTL and $BOND both charge .55%, both seeded with $100m and both saw volume of 600k shares on first day. Must be a Bond King thing..
— Eric Balchunas (@EricBalchunas) February 24, 2015
Here's Maslow's Hierarchy of Needs adapted to business needs (read the article for even more adaptations, including the needs of social media users).
RT @Visible_Banking: The Hierarchy of Needs for an Engaged Social Media Audience http://t.co/4uAKvF1dqz pic.twitter.com/q2g2HsmG19
— Scorpio Partnership (@whatwealthneeds) February 24, 2015
And it turns out there may just be something to the "nice Canadian" stereotype:
"Canada is the only G20 nation without a centralized securities agency," "a net importer of white collar crime." http://t.co/vvLDcyJVxZ
— Investment Bodyguard (@RecoveredBroker) February 17, 2015
— Check out Best Finance Tweets of the Month: January 2015 on ThinkAdvisor.
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