When you hear complaints about too much regulation, don’t forget to ask what harm that regulation may prevent.
Elon Musk’s goals at Tesla often fall short. In past five years, Tesla failed to meet more than 20 of his projections, and missed 10 goals by nearly a year on average. Mr. Musk says he “doesn’t set targets that I know can’t be met.” – The Wall Street Journal
A Visium trader-turned whistle-blower. Jason Thorell told an ex-colleague that one of his first stops after leaving the firm was the S.E.C. What he didn’t say was that he had turned on his former co-workers and was secretly recording their conversations for the F.B.I. – Bloomberg
5,000-year low interest rates are chilling bond markets. There six golf balls at David Rolley’s desk at Loomis Sayles. They’re stamped with company logos: Enron, AIG, Bear Stearns. They are “my memento mori”, he says, “my reminders of death. They do for me what in a Renaissance portrait the skull on the bookcase does.” – Financial Times
Hedge fund executive arrested in Hamptons. A two-vehicle crash, in which one of the drivers was injured, resulted in the arrest of Sahm Adrangi on misdemeanor charges of drunken driving and cocaine possession. – The East Hampton Star
Consumer prices and housing starts are expected to have been steady.Consumer prices for July will be announced on Tuesday, with no significant change from June expected. Data on housing starts in the United States will also be announced on Tuesday. Those numbers are expected to show little change in July from a month earlier, indicating slow progress in residential construction. – Zach Wichter