Links 20 August 2015
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Global Macro / Markets / Investing:
- S&P 500 companies generate barely over half their revenue at home – MarketWatch
- Greenspan warns about bond-market bubble – MarketWatch
- Surge in emerging market capital outflows hits growth and currencies – Financial Times
- Currencies lose firepower as an effective trade weapon – Financial Times
- We borrow too much from the future at our peril – 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.