Links 4 May 2021
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Global Macro / Markets / Investing:
- Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’ – CNBC
- The financial sector’s share of corporate profits, once less than 10%, reached 40% in the early 2000s and has remained consistently above 25% since – Pairagraph
- How the Federal Reserve Is Increasing Wealth Inequality – Pro Publica
- Visa to allow payment settlements using cryptocurrency – Mazech
- Nasdaq’s Boardroom Diversity Push Isn’t Evidence-Based – WSJ
- U.S. Oil Imports From OPEC Plunge To Lowest Since 1973 – Oil Price
- The Price of the Stuff That Makes Everything Is Surging – Bloomberg
- The Resurgence of the Rest: Can Emerging Markets Find New Paths to Growth? – Foreign Affairs
Americas:
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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.