Links

9

Links 24 April 2017

Global Macro / Markets / Investing: The operation and demise of the Bretton Woods system – VOX March for Science: Worldwide protests begin – CNN March for Science: Rallies worldwide to protest against political interference – BBC Water streaming across Antarctica surprises, worries scientists – CBS News Despite Mounting Losses, Mystery Trader “50 Cent” Doubles Down With Massive VIX

178

Weekend reading: 22-23 April 2017

MB Radio: Rort of the ElitesGlobal Macro / Markets / Investing: Panama Papers law firm boss sees tax shelter boom in US – Yahoo Fixing the Financial Crisis Was the Easy Part – Bloomberg The Blockchain Could Change the Backbone of the Stock Market – Visual Capitalist Digitisation shakes up corporate-bond markets – The Economist The Emerging Markets Consumer

8

Links 21 April 2017

Global Macro / Markets / Investing: Robo-Adviser Wants to Lend You Money, Not Just Manage It – Bloomberg Monument to Wall Street Glory Becomes Just Another Mortgage Loss – Bloomberg Fed’s Fischer: US monetary policy normalization likely to be gradual – CNBC Americas: Subprime Pet Rental Company Files For Bankruptcy – Zero Hedge Hillary camp scrambling to find out

9

Links 20 April 2017

Global Macro / Markets / Investing: Aggregate Productivity versus Aggregate Technology … Again – Growth Economy Impact of immigration barriers on native workers – VOX Robots Suck at Value Investing – Institutional Investor White House advisers postpone Paris climate deal meeting – Politico Currency Traders Spot Fatal Flaw in Republicans’ Border Tax Plan – Bloomberg Weaknesses in Bitcoin and blockchain

5

Links 19 April 2017

Global Macro / Markets / Investing: Nuclear war has become thinkable again – we need a reminder of what it means – The Guardian Same title does not mean same job for men and women – The Telegraph Financialization impedes climate change mitigation: Evidence from the early American solar industry – Science Rise of the robots: What advances

6

Links 18 April 2017

Global Macro / Markets / Investing: Stunning drops in solar and wind costs turn global power market upside down – Think Progress Regulating Bitcoin: how new frameworks could be a catalyst for cryptocurrencies – The Telegraph This is one of the most devastating reports we’ve seen for the future of Wall Street stock pickers – Business Insider OPEC

303

Easter Reading, 14-17 April 2017

Global Macro / Markets / Investing: Tax reforms and top incomes – Vox Help Losers of Mainly Beneficial Freer Trade – WSJ The world’s fifth most powerful supercomputer offers a peak at the future of quantum computing – Technology Review Ethnic segregation and spatial income inequality – VOX The Countries Most (and Least) Likely to be Affected by Automation –

8

Links 13 April 2017

Global Macro / Markets / Investing: White House Walks Back Timing, Size of Tax Cuts; Puts Stock Rally in Jeopardy – Fox Business Put Globalization to Work for Democracies – NY Times DALIO: ’I don’t think we’re going to have a radical change in the economy’ – Yahoo How Asset Managers Are Adapting to Exchange-Traded-Funds – Alpha Architect Austerity

6

Links 12 April 2017

Global Macro / Markets / Investing: Be angry at bankers, be angrier at economists – The Guardian Not all economists are worthless – Fortune Traders have lost billions of dollars betting against Tesla – Business Insider BHP Needs to Prove Oil and Iron Are Better Together – WSJ Trade: The benefits of foreign banks – VOX Americas: Poll: Narrow support

13

Links 11 April 2016

Global Macro / Markets / Investing: The Utter Uselessness of Job Interviews – NY Times A Foreign Threat to U.S. Treasuries That Dwarfs Fed’s Debt Hoard – Bloomberg Robots and jobs: Evidence from the US – VOX How Goldman Sachs Made More Than $1 Billion With Your Credit Score – WSJ There’s a Big Reason Volatility Might Be Coming

1

Links 10 April 2017

Global Macro / Markets / Investing: Generation X: Don’t slack on your retirement – MarketWatch Collaboration in financial economics, visualized – WEF Central Banks “Took Over” Markets In 2009; In December The “Unwind” Begins – Zero Hedge The Real Reason Traders Lose Money – Trader Feed Preparing adult workers for the artificial intelligence revolution – Irpp When Solar Panels Became

270

Weekend Reading: 8-9 April 2017

Global Macro / Markets / Investing: What has bank capital ever done for us? – VOX Not a Dot-Com Bubble, Not 2007, but a Nasty Mix of Both – WSJ The State of Artificial Intelligence – CB Insights Why It’s Always & Never Different This Time – A Wealth of Common Sense Lies, Damn Lies, and Financial Statistics – Bloomberg

4

Links 7 April 2017

Global / Macro / Investing: Jeff Bezos Says He Is Selling $1 Billion a Year in Amazon Stock to Finance Race to Space – NY Times The Flawed Case Against Pricing Carbon – WSJ Larry Summers: How Fat Cats Use Journalists and Think Tanks to Buy Credibility – The Fiscal Times Coal Is on the Way Out at

9

Links 6 April 2017

Global Macro / Markets / Investing: The global corporate saving glut – VOX Carbon-based filter which turns seawater into drinking water could help millions – CNBC When Economics Failed – Bloomberg Pimco regains title of managing biggest active bond fund – Reuters Americas: Trump Officials Alarmed Chinese May Bid for Westinghouse Unit – Bloomberg Trump’s Authoritarian Vision – LA Times The

7

Links 5 April 2017

Global Macro / Markets / Investing: The Mystery of Lofty Stock Market Elevations – NY Times Hurrah, Dollars Are Now Flowing (Almost) Normally Again – WSJ Is There Convergence in the Future of Global Capitalism? – Princeton Artificial Intelligence and Artificial Problems – Project Syndicate What the textbooks get wrong when they explain GDP – Political Arithmetic Americas: U.S. Car

11

Links 4 April 2017

Global Macro / Markets / Investing: Smoke pollution and health in the 19th century – VOX Why investors are so keen on Amazon – The Economist The spread of modern manufacturing to the poor periphery – VOX Fund Managers Reveal Their Currency Strategies – Bloomberg Abu Dhabi’s Plowing Ahead With These 10 Mega Projects During an Oil Slump – Bloomberg

8

Links 3 April 2017

Global Macro / Markets / Investing: Who Is The Real “50 Cent” – A Mystery Trader Is Systematically Betting Massive On A VIX Spike – Zero Hedge The world’s most dangerous cities – The Economist Down 10%, Mexico Oil Reserves Gone in 9 Years Without New Finds – Bloomberg De-industrialisation, ‘new Speenhamland’ and neo-liberalism – Vox Fracking 2.0: Shale

212

Weekend Reading 1-2 April 2017

Global Macro / Markets / Investing: Insatiable Demand for Long Bonds Isn’t Short Term – WSJ Fracking 2.0: Shale Drillers Pioneer New Ways to Profit in Era of Cheap Oil – WSJ Markets Overlooking A Clear & Present Danger? – Real Investment Advice Bargain Hunters Flock To European Stocks in Great Rotation From the U.S. – Bloomberg You Know

14

Links 31 March 2017

Global Macro / Markets / Investing: Central bank independence revisited – European Union Next Wave of Fintech: Partnerships with Corporations, Not Just Banks – Bank Innovation The downside of upward mobility – Global Inequality Two Things That Keep Central Banks’ Reserve Managers Awake at Night – IMF Is Economic Activity Really “Distributed Less Evenly” Than It Used To Be? –

5

Links 30 March 2017

Global Macro / Markets / Investing: Study Shows One Way to Extend Working Years – WSJ The Car Lease Bubble: A Huge Problem For Auto Manufacturers – Genfkd When Women Stopped Coding – NPR Americas: West Coast rejects Trump clean power rollbacks – Seattle Pi Trump Signs Executive Order Unwinding Obama Climate Policies – NY Times Trump signs order dismantling

5

Links 29 March 2017

Global Macro / Markets / Investing: Would You Rather Have $1 Million or $5,000 Monthly in Retirement? – WSJ The Macroeconomics of De-Cashing – The IMF IRS Crackdown on Bitcoin Exchange Fuels Privacy Worries – WSJ Investors Underperforming Their Own Investments – The Reformed Broker The Bond Market Is on Autopilot – Bloomberg Here’s 48 Hedge Fund Terms Every Investor

4

Links 28 March 2017

Global Macro / Markets / Investing: Bill Gates vs. the Robots – WSJ Why Future Emphasis Should be on Algorithms – Trend in Tech A Correction Now Might Not Be So Bad, Some Investors Say – WSJ OPEC, non-OPEC to look at extending oil-output cut by six months – Reuters Populism is the result of global economic failure – The

5

Links 27 March 2017

Global Macro / Markets / Investing: The weaker sex – The Economist How exporters grow – VOX The unusual gap between American and European bond yields – The Economist The New Currency Champ Lives South of the Border – NY Times The Digital Money Case for Phasing Out the $100 Bill – WSJ Global Productivity Growth: Diminishing Convergence – Conversable Economist

264

Weekend Links 25-26 March, 2017

Cocking an ear, John Brack, 1948, National Gallery of Victoria   China China mortgage rules tightened to curb people divorcing to qualify to buy second homes – SCMP UnionPay bars Chinese buyers from swiping for Hong Kong property – SCMP China must urgently tackle soaring corporate debts, says OECD – SCMP China ‘drawing up rules

16

Links 24 March 2017

Global Macro / Markets / Investing: Robotization Without Taxation? – Project Syndicate Cyclical forces in the global trade slowdown – Vox Economic growth and reductions in carbon emissions – Vox Is Bank Lending A Concern? – Economist’s View Americas: Americans’ Shift To The Suburbs Sped Up Last Year – Five Thirty Eight Death rates for uneducated white Americans rise – FT