Here are a bunch of links that I think merit reading today. Lots on Facebook. Note the links on Tesla. They were downgraded. The bonds have been selling off in recent months. As I wrote on Twitter yesterday before the Tesla downgrade, bonds lead equities in worries about financial distress.
Economy
- Use Fiscal Policy, Not the Fed, to Fight the Next Recession – Bloomberg
- New Jersey Police and Firefighters Aggravate Pensions Mess – Bloomberg
- Consumer spending lags confidence
Politics
- New details suggest Cambridge Analytica played bigger role in helping Colorado Republicans win in 2014 – The Denver Post
- John Bolton’s Super PAC Hired Cambridge Analytica | Time
- Kim-Xi meeting presents a new challenge for Trump on North Korea – The Washington Post
Facebook – regulation
- Ad Scammers Need Suckers, and Facebook Helps Find Them – Bloomberg
- FTC Approves Final Settlement With Facebook | Federal Trade Commission
- Facebook scraped call, text message data for years from Android phones [Updated] | Ars Technica
- Here Are the Myriad Ways Facebook Is Getting Dunked on Right Now
- Facebook puts privacy settings front and center – Axios
- Facebook faces lawsuit over discriminatory housing ads
- Facebook makes its privacy, data downloading and deletion settings easier to find | TechCrunch
Facebook – investors
- Facebook has lost $70 billion in 10 days — and now advertisers are pulling out | Financial Post
- Facebook Shares Look Like a Bargain – Barron’s
- Facebook Comes Under Siege – Barron’s
- Facebook and Google Face Emboldened Antagonists: Big Advertisers – WSJ