Weekend Links 23-24 June 2018

The Shooting of Wild Dogs, Clifton Pugh, 1958, National Gallery of Victoria   Macro &  Markets  Currency strategist expects China’s central bank to intervene as yuan weakens for seventh day – SCMP US-China dispute goes beyond trade: it’s about technology and fair competition – SCMP Indonesia’s growing thirst for coffee drains premium bean supplies –


Links 22 June 2018

Global Macro / Markets / Investing: Brexit talks have effectively killed off U.K. growth, economist Danny Blanchflower says – Bloomberg Deutsche Bank lost 12 times more than it thought was possible in one day of trading – Business Insider Day trader sues broker over demo trading platform mix up – FT (oops!) Oil trader warns


Links 21 June 2018

Global Macro / Markets / Investing: The U.S. has officially quit the UN Human Rights Council. – ThinkProgress (well, well, its a tale of two wells) Merkel says climate change is a fact, laments US stance – APNews Blain: “What Can Possibly Go Wrong Next… Here Are Some Ideas” – ZeroHedge The Federal Deposit Insurance Corp.’s new chairman


Links 20 June 2018

Global Macro / Markets / Investing: The U.S. would take a bigger hit, given that $50 billion represents about 38% of US exports to China, while the same dollar amount represents only 10% of Chinese exports to the U.S – S&PGlobal While political analysts were quick to declare the end of the G7’s coherence, integrity, and


Links 19 June 2018

Global Macro / Markets / Investing: If you think your job is pointless, it probably is – WaPo (Bullshit Jobs by David Graeber) OPEC is discussing a compromise agreement to boost oil production as Iran, Venz, Iraq threaten to veto supply increase – Bloomberg Crowded trade watch: no-one likes the Swiss franc – FT Alphaville


Links 18 June 2018

Global Macro / Markets / Investing: Russia dumps half of its US Treasury bonds – RT Citibank fined $100 million for interest rate manipulation – CNN China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products – CNBC   Americas: US separates 2,000 children in six weeks – BBC (taking a leaf out of Australia’s


Weekend Links 16-17 June, 2018

All night joint, Frank Andrew, 1946, Art Gallery of NSW I will load more later but I need to run kids around first – G   Global Macro, Markets & Investing Trump announces $50bn in China tariffs, escalating possibility of trade war – Guardian Here’s How a Trade War Between the U.S. and China Could


Links 15 June 2018

Global Macro / Markets / Investing: Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say – NY Times Tether Used to Manipulate Price of Bitcoin During 2017 Peak, New Study Says – Bloomberg Bitcoin Extends Its Decline – Bloomberg Blockchains Talking to Each Other Gives Hope to Crypto Diehards – Bloomberg PayPal rival Adyen surges


Links 14 June 2018

Global Macro / Markets / Investing: Tesla to cut about 9% of jobs across company – CNBC Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company – Electrek What Helps or Hurts Investment Returns? Here’s a Ranking – Bloomberg Demographics and long-run growth – VOX Cryptocurrencies Lose $46 Billion After


Links 13 June 2018

Global Macro / Markets / Investing: Citi issues stark warning on automation of bank jobs – FT Protectionism: Historical perspectives – VOX Trump Tries to Destroy the West – NY Times Emerging-Markets Rout Boosts Contagion Fears – WSJ Some ways to introduce a modern debt Jubilee – VOX Americas: A Senior White House Official Defines


Links 12 June 2018

Global Macro / Markets / Investing: Pension funds plan to pile in to index trackers – FT Economists reject Trump claims of unfair trade system – FT The inflation laggards — are they turning hawkish? – FT Donald Trump is undermining the rules-based international order – The Economist Warren Buffett’s Lecture Against Quarterly Earnings Estimates


Queen’s Birthday long weekend links: 9-11 June 2018

Global Macro / Markets / Investing: Climate Change Can Be Stopped by Turning Air Into Gasoline – The Atlantic Crypto’s 32-Year-Old Billionaire Mining King Is Mulling an IPO – Bloomberg G7 leaders divided on climate change, closer on trade issues – Reuters Rich Kids Are Counting On Inheritance to Pay for Retirement – Bloomberg The


Links 8 June 2018

Global Macro / Markets / Investing: Shale Country Is Out of Workers and Dangling 100% Pay Hikes – Bloomberg The retirement-consumption puzzle – VOX Hedge Fund Managed by Billionaire Howard Gained 36% in May – Bloomberg Bubble-Like Stock Valuations Miss $3.4 Trillion in Hidden Assets – Bloomberg Blockchain and cryptocurrency jargon buster – FT Extreme


Links 7 June 2018

Global Macro / Markets / Investing: This Stock’s 9,500% Rally Created a Town of Millionaires – Bloomberg One Firm Is Way Ahead of Wall Street on Bitcoin – NY Times Global Growth Set to Ebb as Expansion Shows Age, World Bank Says – Bloomberg World’s Biggest Hedge Fund: “We Are Bearish On Almost All Financial


Links 6 June 2018

Global Macro / Markets / Investing: A Decade Later, U.S. Stocks Behave Like Lehman Never Happened – WSJ The SEC Just Appointed Its First-Ever Crypto Czar – Coin Desk Crypto and Twitter: A Toxic Combination, a Troubling Future – Coin Desk General Electric May Need $30-$40 Billion in Cash – Barron’s The Psychology of Money –


Links 5 June 2018

Global Macro / Markets / Investing: The Psychology of Money – Collaborative Fund Curve Flattening Back on Bond Traders’ Radar as Fed Hike Looms – Bloomberg Valuation Inflation – AVC Soros Sees New Global Financial Crisis Brewing, EU Under Threat – Bloomberg What 20 Years of Jeff Bezos’s Shareholder Letters Can Teach You About Becoming


Links 4 June 2018

Global Macro / Markets / Investing: Banks and brokers suffer ‘dramatic’ fall in commissions – FT The World Isn’t Prepared for Retirement – Bloomberg The Artificial Intelligence Revolution – Medeci Wellbeing inequality in retrospect – VOX If wages are to rise, workers need more bargaining power – The Economist Banking Playing Catch Up in Technology,


Weekend Reading: 2-3 June 2018

Global Macro / Markets / Investing: Dow drops more than 200 points as Trump tariffs reignite trade-war fears – CNBC Fed’s Mester says market unease over Italy, flattening yield curve hasn’t made her more cautious – MarketWatch World’s Biggest AI Startup Raises $1.2 Billion in Mere Months – Bloomberg Cryptocurrency Attacks Are Rising – Bloomberg


Links 1 June 2018

Global Macro / Markets / Investing: Buffett Proposed $3 Billion Uber Investment But Deal Crumbled – Bloomberg Traders With Pockets Full of Crypto Quit Wall Street – Bloomberg Bond Legend Bill Gross Had a Nightmare Day Yesterday – Bloomberg Surprise! Hedge-funder who charges a 44% performance fee tops list of richest investors – Market Watch


Links 31 May 2018

Global Macro / Markets / Investing: AI and the Economy – SSRN Investors Bet $4 Billion on a Cryptocurrency Startup – WSJ Bond Traders’ Confidence in Fed Rate Path Crumbles – Bloomberg Ethiopia Already Is the ‘China of Africa’ – Bloomberg Hospital launches rehab clinic to treat cryptocurrency addiction – MarketWatch Soros Sees New Global


Links 30 May 2018

Global Macro / Markets / Investing: Default in Today’s Advanced Economies: Unnecessary, Undesirable, and Unlikely – IMF Central banks should consider offering accounts to everyone – The Economist Oil hits multi-week lows on fears of growing supplies – Reuters How stress echoes down the generations – The Economist Americas: These are the hometowns of Americans


Links 29 May 2018

Global Macro / Markets / Investing: Bloomberg is gathering a who’s who of global economics to rival Davos – in Beijing – Washington Post 9 countries that pay the average worker more than the United States does – MarketWatch Bitcoin backlash as ‘miners’ suck up electricity, stress power grids in Central Washington – Seattle Times


Links 28 May 2018

Global Macro / Markets / Investing: Elon Musk, the Donald of Silicon Valley – NY Times What the Hell Happened at GE? – Fortune Goldman Says Riskiest Junk Bonds Are Most ‘Mispriced’ Since 2007 – Bloomberg Leverage Alert Ringing While Cash Drains From Stock Broker Accounts – Bloomberg Amazon’s Finance Ambitions Are Drawing Attention From


Weekend Reading 26-27 May 2018

Global Macro / Markets / Investing: U.S. Launches Criminal Probe into Bitcoin Price Manipulation – Bloomberg About $1.2 billion in cryptocurrency stolen since 2017: cybercrime… – Reuters The declining share of manufacturing jobs – VOX Elon Musk Is Gaslighting Us – Slate Tesla’s Model 3: You’re Going To Need A Bigger Parking Lot – Seeking


Links 25 May 2018

Global Macro / Markets / Investing: Goldman Sachs made a staggering $200 million in one day as markets plunged – CNBC Netflix Is Now Worth More Than Comcast – Bloomberg The ‘suprasecular’ stagnation – VOX Here’s How Much Money You Need for Bankers to Think You’re Rich – Bloomberg M&A frenzy stokes fear of market


Links 24 May 2018

Global Macro / Markets / Investing: How Politicians Intensify Financial Cycles: 300 Years of Pro-Cyclical Regulation – Pro Market Why Investor Behaviour Makes Momentum Strategies Outperform – Seeking Alpha Bitcoin Could Be a Problem for U.S. Security Clearances – Bloomberg Financial Crisis May Have Hit ’80s Generation the Hardest – WSJ The Old Allure of


Links 23 May 2018

Global Macro / Markets / Investing: Corporate Bonds Sink Fast in One of Worst Tumbles Since 2000 – Bloomberg Michael Gelband to Launch Biggest Hedge Fund Startup Ever – Bloomberg New York Stock Exchange to Have First Female Leader in 226-Year History – WSJ Value in Short Bonds: ‘We’re Not in Kansas Anymore’ – Pimco


Links 22 May 2018

Global Macro / Markets / Investing: The Theranos deception – CBS America beware: dollar supremacy is not forever – FT Monopsony in online labour markets – VOX Monopsony, Rigidity, and the Wage Puzzle (Wonkish) – NY Times Crypto Bull Tom Lee Owns Up After Bitcoin Prediction Goes Awry – Bloomberg Freeing Econ 101: Beyond the


Links 21 May 2018

Global Macro / Markets / Investing: Tesla Shareholders Urged to Separate Chairman’s Role From Musk – Bloomberg How university economic theories are failing us all – Patreon A.I. Is Harder Than You Think – NY Times Crypto Wealth Sinks $45 Billion in One Week – Bloomberg The Hidden Risk of Passive and Index Hugging –


Weekend Reading: 19-20 May 2018

Global Macro / Markets / Investing: Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud – WSJ Pope Calls Derivatives Market a ‘Ticking Time Bomb’ – Bloomberg Blockchain Isn’t As Cool As It Thinks It Is – Bloomberg PayPal Nears $2.2 Billion Deal for European Fintech Startup iZettle – WSJ Market Pessimism Is at