Links 15 June 2015
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Global Macro / Markets / Investing:
- Paper money has been a disaster since they started printing it in 1661 – Business Insider
- Junk-Bond Defaults Growing as Pressure From Commodities Persists – Bloomberg
- What trading over the course of five different decades has taught me about drawdowns – peterlbrandt.com
- Emerging market funds suffer biggest outflow in 7 years – Financial Times
North America:
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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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