Links

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Links 23 March 2017

Global Macro / Markets / Investing: The world’s deepest oil well is over 40,000 feet deep – Business Insider Can a Country Survive Without a Strong Middle Class? – The Atlantic Dow and S&P post first 1% fall in 5 months as banks tumble, health care reform worries remain – CNBC U.S. must stick to WTO rules when

10

Links 22 March 2017

Global Macro / Markets / Investing: We may have just moved closer to a global trade war – Business Insider Interest Rates After Inflation May Be a Real Bubble – Bloomberg Quants Are Eating Away at Wall Street’s Edge – Bloomberg Americas: FBI probe of Trump-Russia ties began 3 months before election – Yahoo James Comey’s Remarkable Five Hours

5

Links 21 March 2017

Global Macro / Markets / Investing: The coming disruption: How robots might upend different professions – BC Local News Lesson from the Big Crash – Harvard The Berkshire Hathaway of The Internet – Medium Hedge Fund Titan’s Surefire Bet Turns Into a $4 Billion Loss – NY Times How Chip Designers Are Breaking Moore’s Law – WSJ Americas: Frank Gaffney’s

16

Links 20 March 2017

Global Macro / Markets / Investing: G20 finance ministers drop anti-protectionist pledge – BBC G-20 Drops Anti-Protectionist Pledge as Price of U.S. Assent – Bloomberg G20 financial leaders row back on free trade pledge – Reuters Flaky economics? Brexit, trade and the Treasury estimates – Prime Economics IMF Christine Lagarde Calls for Global Cooperation and Strong Policies to Sustain

318

Weekend Links 18-19 March 2017

South seas icon No.21: Totem Mountain with brassy sky, Shay Docking, 1972-73, National Gallery of Victoria   China Chinese banks halt mortgage lending after reaching 1st quarter quota on new loans: report – SCMP Chart of the day: Shanghai steel rebar surprises – SCMP China private equity deal values cratered in 2016, but that’s not

10

Links 17 March 2017

Global Macro / Markets / Investing: Capital Is No Longer Flowing Uphill – Council on Foreign Relations Finance 2.0: How We Will Build The Future of Finance – Fintech Summary Mammals shrink when Earth heats up – Mercury News Bonds pleased with Fed rate hike – Calafia Beach Pundit London gold rush – ICE to launch clearing before banks

13

Links 16 March 2017

Global Macro / Markets / Investing: Oil at $40 No Problem as U.S. Drillers Snub OPEC With Hedges – Bloomberg Untested Robo-Advisers Are Becoming a Big Market Risk – Bloomberg Bill Gates wants to give the poor chickens. What they need is cash. – VOX Is A Lack Of Volatility A Sign Of Complacency? – IP Research Maintaining the

12

Links 15 March 2017

Global Macro / Markets / Investing: On the Cost of Holding Reserves. Sometimes It Is Not That High – Council on Foreign Relations Why so many tech companies are valued at over a billion without making a dime in profit – Vice Regulator Proposes Walling Off Wall Street Investment Banks – Bloomberg How artificial intelligence is transforming the

35

Links 14 March 2017

Global Macro / Markets / Investing: Macroprudential policy beyond banking – Bank Underground Why Only One Top Banker Went to Jail for the Financial Crisis – NY Times Benefits of importing: Evidence from US firms – VOX Monetary policy credibility and exchange rate pass-through – VOX A lot of OPEC production sacrifice with little return – Bloomberg US Treasuries:

4

Links 13 March 2017

Global Macro / Markets / Investing: The optimist’s guide to the robot apocalypse – Quartz Investment managers are still using technology from 1996 to manage money – Business Insider The G-20 Is a (Slightly Dysfunctional) Family – Bloomberg 7 maps that will change how you see the world – WEF The U.N.’s new leader is taking on an impossible

295

Weekend Reading 11-12 March 2017

Global Macro / Markets / Investing: EPA chief: Carbon dioxide not ’primary contributor’ to climate change – CNN E.P.A. Chief Doubts Consensus View of Climate Change – NY Times The OPEC Deal Is Facing Its Biggest Test – Bloomberg How capitalist power works – Stumbling & Mumbling Global house prices – The Economist Gold Suffers Worst Run Since October as

3

Links 10 March 2017

Global Macro / Markets / Investing: Revisiting the paradox of capital – VOX ‘Superstar Firms’ May Have Shrunk Workers’ Share of Income – NY Times The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century – timeshighereducation.com Peter Thiel talks fracking and globalization – Axios How Long Will This Bull Market Last? –

7

Links 9 March 2017

Global Macro / Markets / Investing: Designing mega-regional trade agreements – VOX Opec reverses its hedge fund condemnation – FT Your ETF just shut down. Here is what to do – WSJ The case against calling it a bitcoin bubble – Quartz Visualizing the Anxiety of Active Strategies – Think New Found G20 draft no longer rejects protectionism or competitive

68

Links 8 March 2017

Global Macro / Markets / Investing: CEO Pay Is Rigged – The Big Picture Rates on US Treasury Bills Rise to Highest Level in 8 Years – NY Times Two of the biggest Trump trades are losing steam – Yahoo India’s oil boom: Growing into role as No. 1 in global demand – CNBC A Corporate Bond Market

17

Links 7 March 2017

Global Macro / Markets / Investing: Assessing the effects of regulatory bank levies – VOX The East India Company: The original corporate raiders – The Guardian As bull market ages, it’s time for short sellers to shine – WSJ Bullish commodity bets hit record highs as investors seize on signs of growth – WSJ Warren Buffett’s advice ’doesn’t work

11

Links 6 March 2017

Global Macro / Markets / Investing: Decline of the Dad Job – Flip Chart Fairy Tales Aberdeen Asset Management, Standard Life in $13.5 billion merger talks – WSJ Give Karl Marx a Chance to Save the World Economy: George Magnus – Bloomberg Libor revealed dark underbelly of trading – Reuters Trump to Undo Vehicle Rules That Curb Global Warming –

16

Links 3 March 2017

Global Macro / Markets / Investing: Bigger Data Isn’t Always Better Data – Bloomberg Inflation ticks up around the globe, buoyed by higher energy prices – WSJ Apple Drives the Dow’s Last 1,000 Points – WSJ Behind Warren Buffett’s $18 billion Apple bet – WSJ Bond Traders Race to Catch Up With Fed’s March Rate-Hike Signals – Bloomberg Americas: Trump

16

Links 2 March 2017

Global Macro / Markets / Investing: The unexpected consequences of asymmetric competition – VOX GDP-linked bonds: A primer – VOX Think someone can pick market-beating funds for you? Don’t bet on it… – Monevator Buy-side trading desks boost bond budgets – The Trade News Americas: Trump’s speech by the numbers – Politico Why the Trump Agenda Is Moving Slowly: The

10

Links 1 March 2017

Global Macro / Markets / Investing: The 4 levels of bots: How to stop worrying and love AI – Venture Beat Understanding the long-run effects of Africa’s slave trades – VOX Market timing is a mug’s game – elstonviews.blogspot.com Americas: The Declining US Labor Share, Explicated – Conservable Economist 229 House Republicans just voted to keep Trump’s tax returns secret –

19

Links 28 February 2017

Macro, Markets & Investing Coal Industry Casts Itself as a Clean Energy Player – NY Times Copper’s Price Surge Won’t End Soon – Bloomberg Rising policy uncertainty driving slowdown in global trade: World Bank – Business Times Against the tide: The return of the euro? – Euromoney Zinc rally may have further to run as

8

Links 27 February 2017

Global Macro / Markets / Investing: How Imports Boost Employment – Project Syndicate Economists in Denial – Project Syndicate Nasdaq Executive Fredrik Voss Optimistic About Blockchain in Capital Markets – Coin Telegraph Japan Supports Hitachi’s 150 Mln Member Blockchain Project – Coin Telegraph How Dangerous Is a Stock Market of Mindless Robots? – WSJ Global value chains in developing economies –

345

Weekend Reading 25-26 February 2017

Global Macro / Markets / Investing: On the fickleness of capital flows – VOX Longevity in rich countries – The Economist Report: The Corporate Innovation Imperative – Medium U.S. Gas ’Pain Train’ May Chug Along as Spring Fever Grips Bears – Bloomberg End of Bacon Boom Sends Pork Prices Tumbling the Most in Three Years – Bloomberg Foreign booms, domestic

11

Links February 24, 2017

Macro, Markets & Investing The Trump ‘bubble’ skeptics are getting louder, but when — or if — it pops is anyone’s guess – Financial Post Preparation underway for Donald Trump, Xi Jinping to meet at G20 summit in July, sources say – SCMP OPEC searching for proof oil output cuts working – SCMP Federal Reserve minutes

8

Links 23 February 2017

Global Macro / Markets / Investing: Who Gains If U.S. Universities Lose Out – Bloomberg Life expectancy to break 90 barrier by 2030 – BBC The Great Mystery Behind Tesla’s Rally – WSJ Crude Oil Could Plunge to as Low as $30 a Barrel – Bloomberg Investors Are Charging Into Emerging Market ETFs – Bloomberg For clues to the productivity

21

Links 22 February 2017

Global Macro / Markets / Investing: Do We Still Want the West? – WSJ A Billion Barrels of Bets Backing Stagnant Oil Price: Chart – Bloomberg Let’s Think Harder About the Role of Globalization in Wage Stagnation – Brad Delong Why Libertarians Should Oppose the Universal Basic Income – EconLog Bond Traders Are Placing Euro-Breakup Bets Again – Bloomberg Shell