Friday links: SPAC spree

Under increased scrutiny, LIBOR rises. (WSJ.com also Market Movers, Accrued Interest)

“Either commodities are in a bubble and their prices must come down or the flight to quality has been overdone and investors will take losses on bonds as they return to riskier assets.” (FT.com)

T. Boone Pickens admits he was wrong to call for an oil price correction. (MarketBeat)

“I believe that the price of oil, like the price of all the other storable commodities, and for that matter the dollar cost of a euro, is primarily responding to the Fed’s decision to move the real interest rate strongly into negative territory.” (Econbrowser)

The forward calendar for leveraged loans is coming down. (FT Alphaville)

A glut in SPAC registrations. (TheDeal.com)

A growing split in the strength of earnings. (WSJ.com)

It is tough to grow earnings in excess of GDP in perpetuity. (Epicurean Dealmaker)

Why was everyone wrong about earnings at Google (GOOG)? (Infectious Greed)

Parallels between 2001 and now. (Daily Options Report)

Some interesting trading adages. (Kirk Report)

“Fading one-sided days, particularly of late, has not been a fruitful endeavor for traders.” (TraderFeed)

An unnecessary ETF. (NakedShorts)

Redistributing wealth from the rich to the very rich. (All About Alpha)

Higher moments help explain hedge fund returns. (SSRN.com)

Mac sales continue to outpace the overall PC market. (Silicon Alley Insider)

“What I call financial wellness is basically the art of spending less than you earn, not being greedy, and minimizing indebtedness. Learning about the ins and outs of the stock market is probably going to be more damaging than useful, much of the time.” (Market Movers)

“Is the Great Moderation now living on borrowed time?” (Capital Spectator)

Where have all the economic indicators gone? (Big Picture)

Slumping spending on non-residential construction and home improvement . (Calculated Risk, ibid)

It is still too hard to prove that “globalisation is becoming a bigger cause of American wage inequality.” (Economist.com)

Listen up men, giving flowers really does result in positive feelings even long after the initial boost in happiness. (Cognitive Daily)

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