Links

1

Links 24 January 2017

Global Macro / Markets / Investing: The Global Solar Boom: How Solar Is Finally Moving Beyond Boom and Bust – Fox Risk sharing across the US and Eurozone – VOX How Often Does a Stock Fall 19% in One Day? Not Very Often – WSJ Technology vs. the Middle Class – WSJ Behind Closed Doors At Davos: “Make Elites

25

Links 23 January 2017

Global Macro / Markets / Investing: How the world welcomed president Donald Trump – Quartz Buy, George? World’s largest fund manager hires Osborne as adviser – The Guardian ’Don’t damage trade’, emerging market leaders tell Trump from Davos – Reuters Disillusioned in Davos – Larry Summers The Illusions Driving Up US Asset Prices – Project Syndicate Don’t Blame Davos Man

253

Weekend reading 21-22 January 2017

Global Macro / Markets / Investing: The innovation network – VOX Do Regulations Really Kill Jobs? – The Atlantic Soros Says Markets to Slump With Trump, EU Faces Disintegration – Bloomberg Debunking the NAIRU myth – FT Alphaville How Hedge Funds Get Rich (Hint: It’s Not Their Returns) – Of dollars and data How statistics lost their power – and

3

Links 20 January 2017

Global Macro / Markets / Investing: U.S. scientists officially declare 2016 the hottest year on record. That makes three in a row. – Washington Post Comparing 25- to 34-year-olds now with 25- to 34-year-olds in 1989 is super depressing – Business Insider Robos jumping into socially responsible investing space – Investment News Davos Elite Searches for Fixes to

12

Links 19 January 2017

Global Macro / Markets / Investing: Where The World’s Ten Most Active Sovereign Wealth Funds Invest In Tech – Cb Insights Risk, surprises and safe-haven currencies – VOX In Davos, Anthony Scaramucci Translates Trump Message to Global Elite – WSJ At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer – WSJ The World’s Most Expensive Stocks

15

Links 18 January 2017

Global Macro / Markets / Investing: S&P 500 Could Report Earnings Growth of 6% for Q4’16 – Fact Set What Oxfam’s misleading stat gets wrong about inequality – Fusion How hedge funds would benefit from open-sourcing software – News Week In the Wake of a Tumultuous Year, the Global Elite Face a World of Uncertainty – WSJ Xi Jinping

18

Links 17 January 2017

Global Macro / Markets / Investing: Davos Elite Eat $40 Hot Dogs While “Struggling For Answers”, Cowering in “Silent Fear” – Zero Hedge What is the point of Davos? – WEF How Davos Brings the Global Elite Together – NY Times Davos elites struggle for answers as Trump era dawns – Reuters The surprising prevalence of surprises in export

12

Links 16 January 2017

Global Macro / Markets / Investing: Bernie Madoff Is The Hot Chocolate King Of Prison – Deal Breaker Do Markets Work in Health Care? – NY Times How Day Traders Play the Trump Tweet Effect – WSJ Attack of the zombie firms – The Economist If you want to earn more, work less – BBC Asset Managers Face Stricter Rules

120

Weekend Links 14-15 January 2017

Macro Markets, Economics & Investing Global unemployment to hit 200 million as wages stagnate – CNN Global clean energy spending falls 18% as environmental policies suffer from Brexit-Trump effect – Worldwide investments in renewable power tumbles to $287.5 billion in 2016 following previous year’s record high – Independent Pound sterling hits a new 31-year low against the

69

Links 13 January 2017

Macro Markets, Economics & Investing Suddenly, Home Sale Agreements Are Falling Apart Across the U.S. – The share of sales that failed to close doubled in 2016, and nobody knows why. – Bloomberg Investors Bolt Mexico as Peso Enters Free Fall – Morningstar China crackdown sends Bitcoin sliding – BBC Asia Japan rescues 26 North Koreans from sinking

44

Links 12 January 2017

Macro Markets, Economics & Investing Donald Trump urged to ditch his climate change denial by 630 major firms who warn it ‘puts American prosperity at risk’ – “We want the US economy to be energy efficient and powered by low-carbon energy” – Independent Gas taxes drop globally despite climate change; oil & gas industry gets $500

40

Links 11 January 2017

Macro Markets, Economics & Investing Yahoo CEO Marissa Mayer resigns; company will rebrand as Altaba – Venturebeat Apple Misses Annual Sales and Profit Goals For First Time in Over Five Years, Execs Take 9% Hit – WSJ (game over for the cult?) U.S. on Track to Become Net Energy Exporter – ScientificAmerican Libya ramps up oil production, threatening

43

Links 10 January 2017

Macro Markets, Economics & Investing China Reserves Slumped $320 Billion Last Year as Yuan Tumbled – China’s foreign currency holdings fell for a sixth month in December– Bloomberg Asia US may shoot down North Korean ballistic missile test, Carter says – CNBC China’s air pollution crisis shows no sign of ending as nation fails to lower

25

Links 9 January 2017

Macro Markets, Economics & Investing Barclays consider Elon Musk a “black swan” for commodities in 2017 – FT Alphaville Swedens six hour workday runs into trouble – Bloomberg (it works, but its expensive of course) America First means global conflict next, Roubini – ProjectSyndicate (hmmm…or Putin in power for another eight years) What bitcoin’s rising

166

Weekend Links 7-8 January 2017

He Sees Himself, Gareth Sansom, 1964 National Gallery of Victoria China China to plough US$361 billion into renewable fuel by 2020 – SCMP…one way to inject stimulus without it leaking offshore… China’s small banks vulnerable to bond sell-off, analysts say – SCMP Hong Kong’s offshore yuan market under strain as PBOC targets currency bears –

103

Links 6 January 2017

Macro Markets, Economics & Investing Record number of oil and gas firms go bust as renewable energy revolution begins to bite – Independent (warning signs here too…) Asia ‘Arrogant’ US is just a ‘shooting star in the ample sky of history,’ says Chinese state media –  Independent Russia offers Philippines weapons and close friendship, throwing US relations

102

Links 5 January 2017

Macro Markets, Economics & Investing  The Indian government is set to endorse Universal Basic Income: The Indian government will release a report in January which says the idea is “feasible” and “basically the way forward”. – Business Insider OPEC regains relevance as oil cuts spur backwardation – CNBC Summers says markets underestimating risks of Trump Presidency

92

Links 4 January 2017

Macro Markets & Investing Bitcoin breaks $1,000 level, highest in more than 3 years – CNBC Pope Francis: Youth Slipping Away Due to Poverty, Unemployment – Newsweek (Basic Income anyone?) Asia Heavy smog continues to choke China’s heartland – CNBC Drone footage of smog in Beijing shocks viewers – SCMP Phillipines President welcomes Russian Navy ships as Manila

63

Links 3 January 2017

Macro Markets & Investing Swiss say goodbye to banking secrecy – SwissInfo Trump, Putin and the rise of nostalgic nationalism – FT Euro-area manufacturing expands at the fastest rate since April 2011 – Bloomberg Bitcoin jumps above $1,000 for first time in 3 years – Business Insider Asia Donald Trump’s Indonesian business partner considers running for

117

Links 30 December 2016

Macro Markets & Investing The US and Russia are dominating the global weapons trade – Business Insider Oil IPOs about to bloom across the USA – Bloomberg What history has to say about the US economy and investing post-Presidential elections – Bloomberg Asia Duterte Publicly Admits He Threw A Man Out Of A Helicopter – DailyCaller China

58

Links 29 December 2016

Macro Markets & Investing Shale spectre haunts OPEC’s feast as oil seen rallying into 2017 – Fairfax The Crisis of Market Fundamentalism – Project-Syndicate, Kaletsky Economists versus the Economy – Project-Syndicate, Skidelsky The Threat To Global Banking Standards – Project-Syndicate, Davies Trump’s Gathering Trade War – Project-Syndicate, Roach Global diamond business roiled as cash crunch

64

Links 28 December 2016

  Some Christmas Reading: The Orbital Perspective, An Astronaut’s View by Ron Garan – top read, gives a call to arms to start collaborating to combat poverty and environmental destruction and stop fighting over this worlds finite resources and beauty. We’re humans first, nationalities/race/creed/religion a very distant and unimportant second. China Chinese government bonds open to

162

Christmas Weekend Mega Links Dec 24-28, 2016

Machine 10, Bridget Mclean, 1973, Art Gallery of NSW   China Xi open to growth below 6.5pc on debt risks – SCMP President Xi Open to Growth in China Falling Below 6.5% – Bloomberg Forex reserve safety concerns mean China ‘unlikely to massively sell US debt’ – SCMP China’s bond market plunge fans fears over

20

Links 23 December 2016

Global Macro / Markets / Investing: Freedom of speech is at its lowest worldwide since 1990, according to an annual report from the Committee to Protect Journalists  Law Street Media (ironic given fake news is at a new height…) Goldman Sachs ordered to pay $120 million penalty for rate manipulation – Reuters Google saved $3.6bn in