Links

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Links 20 April 2018

Global Macro / Markets / Investing: Bringing Down High Debt – IMF IMF sounds alarm on excessive global borrowing – FT Blockchain Is About to Revolutionize the Shipping Industry – Bloomberg Global debt now worse than before financial crisis, says IMF – The Guardian Vix index surge revives manipulation concerns – FT Managers of $1

14

Links 19 April 2018

Global Macro / Markets / Investing: Cambridge Analytica planned to issue digital currency: sources – Reuters Winning ‘Black Swan’ Investor in 2008 Says Market’s More Fragile – Bloomberg Wall Street’s $6 Trillion Man Fink Is Finally Worth $1 Billion – Bloomberg The Pension Time Bomb: $400 Trillion by 2050 – Visual Capitalist Goldman Reaps the

25

Links 18 April 2018

Global Macro / Markets / Investing: U.S. Libor Replacement, Two Weeks After Debut, Has Some Issues – Bloomberg Wall Street’s $6 Trillion Man Fink Is Finally Worth $1 Billion – Bloomberg Tesla Is Temporarily Shutting Down Model 3 Production. Again. – BuzzFeed How Tesla’s Elon Musk Makes a Strategy Out of Defiance – WSJ If

24

Links 17 April 2018

Global Macro / Markets / Investing: Cryptocurrency Trading Upended in Chile as Banks Close Accounts – Bloomberg Sharp Drops in Currencies Hint at Spreading Volatility – WSJ How economists (should) think about the housing market – Medium The wisdom of Warren Buffett – Rock Wealth Back to school: top economists on what their subject needs

20

Links 16 April 2018

Global Macro / Markets / Investing: Radical Markets – Princeton Uni Back to school: top economists on what their subject needs to learn next – Prospect Magazine Sell all crypto and abandon all blockchain – FT Alphaville School Is Expensive. Is It Worth It? – WSJ Is College Worth the Cost? – A Wealth of

310

MacroBusiness Weekend Links 14-15 April, 2018

Morning of the Dust Storm, 1960, Daryl Lindsay, National Gallery of Victoria Macro, Markets & Investing US and China told trade war will trash growth and jobs – Telegraph US-China trade war offers Beijing a historic opportunity to forge a new global order – SCMP China and US in backstage talks to avoid trade war, says

28

Links 13 April 2018

Global Macro / Markets / Investing: SEC preparing cryptocurrency fraud crackdown – Fox Business JPMorgan sued over fees for cryptocurrency purchases – Reuters The Yield Curve Is Flattening Relentlessly – Bloomberg Fix the Roof While the Window of Opportunity is Open: Three Priorities for the Global Economy – IMF Barclays to Shut $1.2 Billion of

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Links 12 April 2018

Global Macro / Markets / Investing: Crypto hedge fund known for eye-popping early returns lost nearly 50% last month – CNBC Why Bitcoin Behaves Like the Flu – Bloomberg Global Debt Hits Record $237 Trillion, Up $21TN In 2017 – Zero Hedge Global Debt Jumped to Record $237 Trillion Last Year – Bloomberg Why Bitcoin

31

Links 11 April 2018

Global Macro / Markets / Investing: A Sidelined Wall Street Legend Bets on Bitcoin – New Yorker The Great Blackstone Swaps Saga Just Became a Whole Lot Crazier – Bloomberg Hedge Funds Turn Bearish on Tech Giants – WSJ This Chart Could Be a Bad Omen for Markets – Bloomberg Yield Curve Is Entering the

21

Links 10 April 2018

Global Macro / Markets / Investing: Economics renames itself to appeal to international students – The Economsit Cracks Form in Global Growth Story, Rattling Investors – WSJ DSGE models: A cup half full – VOX ‘Cryptojackers’ steal computer power to mine digital coins – FT Early gender gaps among university graduates – VOX What If

18

Links 9 April 2018

Global Macro / Markets / Investing: Richest 1% on target to own two-thirds of all wealth by 2030 – The Guardian Why Zuckerberg’s 15-Year Apology Tour Hasn’t Fixed Facebook – Wired China cannot use its Treasury holdings as leverage. Here’s why – Credit Writedowns Trade Wars Are Good And Easy To Win – Macro Tourist

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Weekend Reading: 7-8 April 2018

Global Macro / Markets / Investing: Crash Course in Market Timing Shows Cost of Being Wrong at Tops – Bloomberg Foreign U.S. bond holdings at Fed fall as trade rhetoric… – Reuters Wall Street’s Big Banks Are Waging an All-Out Technological Arms Race – Bloomberg Bitcoin: A Stock Photo Cryptocurrency Primer – The Atlantic A

15

Links 6 April 2018

Global Macro / Markets / Investing: Ripple Has Tried to Buy Its Way Onto Major Exchanges for Cryptocurrency – Bloomberg Gundlach betting against stocks because of bond yields and bitcoin – CNBC The striking similarities between mortgage-backed securities and the 17th century financial system – MarketWatch The Hedge Fund Guy Who Spent $100K To Remove

14

Links 5 April 2018

Global Macro / Markets / Investing: Stunned Investors Reap 95% Gains on Defaulted Puerto Rico Bonds – Bloomberg Savers Rejoice: Your Interest Rate Is About to Climb – Bloomberg Traders May Finally Be Getting Tired of Trump’s Amazon Bashing – Bloomberg Stock Market Pain Bleeds Into Junk Bonds – Bloomberg OTC crypto market flourishes –

23

Links 4 April 2018

Global Macro / Markets / Investing: The Ancient History of Bitcoin – Bloomberg “Globalization Has Contributed to Tearing Societies Apart” – ProMarket Artificial intelligence is going to completely change your life – WEF Apple Plans to Use Its Own Chips in Macs From 2020, Replacing Intel – Bloomberg The Crypto Hedge-Fund Bubble Is Starting to

21

Links 3 April 2018

Global Macro / Markets / Investing: Fatal Tesla Crash Raises New Questions About Autopilot System – NY Times Tesla Says Driver’s Hands Weren’t on Wheel at Time of Accident – Bloomberg Blockchain will make AI smarter by feeding it better data – Venture Beat Immaculate Inflation Strikes Again – NY Times The One Word Giving

163

Supplementary Easter Links April 1-2, 2018

An Easter Holiday, John D. Moore, 1925, Art Gallery of NSW   Markets, Macro & Investing These Trade Jabs Don’t Mean War. Yet. – Bloomberg Chinese steel mills’ April ferrochrome tender prices plunge: sources – Platts Microsoft, Facebook and the Bursting of Bubbles: Is the Collapse of the Market (finally) Nigh? – Medium Low risk

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Easter Reading: 30 March to 2 April 2018

Global Macro / Markets / Investing: The Clock Is Ticking Faster at Tesla – WSJ A Terrible Tuesday for Tesla’s Stock, But Watch the Bonds – Bloomberg Tesla Never Should Have Issued Bonds. Now They’re Crashing. – Barron’s Tesla Cut by Moody’s on Production Issues, Liquidity Concerns – Bloomberg Warehouses Are Now Worth More Than

18

Links 29 March 2018

Global Macro / Markets / Investing: FANG Stocks Tumble 6% in Unprecedented Selloff – Bloomberg Goldman Sachs computer model warns bear market is near but the firm’s analysts don’t believe it – CNBC Wall Street rethinks blockchain projects as euphoria meets reality – Reuters Lawmakers Don’t Understand How Stock Buybacks Work – Bloomberg Libor’s Rise

29

Links 28 March 2018

Global Macro / Markets / Investing: Bitcoin Approaches $8,000 Level as March Slump Accelerates – Bloomberg Wall Street bonuses rise 17% to pre-crisis levels – FT There is no Next Warren Buffett – The Reformed Broker Twitter to ban crypto ads as online crackdown widens – Reuters How Long Can a Good Fund Underperform Its

19

Links 27 March 2018

Global Macro / Markets / Investing: Low risk as a predictor of financial crises – VOX Towards a world without Facebook … with blockchain? – TechCrunch Regulators Split Over How to Keep Banks Out of Trouble – WSJ The Trump Boom Is Making It Harder to See the Next Recession – NY Times World’s biggest

29

Links 26 March 2018

Global Macro / Markets / Investing: Globalization’s Backlash Is Here, at Just the Wrong Time – NY Times Wall Street looks overvalued – The Economist Quebec Pushes Hydropower Utility to Halt New Bitcoin Mines – CoinDesk Some CEOs make 1,000 times more than their workers. – Bloomberg Is Your Blockchain Business Doomed? – Bloomberg Telegram

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Weekend Reading: 24-25 March 2018

Global Macro / Markets / Investing: Stocks Drop Most in Six Weeks on Trade War Tension: Markets Wrap – Bloomberg Goldman Sachs CEO says sovereign balance sheets look risky – Reuters Bitcoin Falls on Fears of Regulatory Trouble for Big Crypto Exchange – Bloomberg Economists promote low-volatility cryptocurrency backed by dollars – FT Electric Cars

29

Links 23 March 2018

Global Macro / Markets / Investing: Zuckerberg Breaks Silence on Facebook Crisis as Criticism Grows – Bloomberg Attitudes towards immigration in an ageing society – VOX Cryptocurrency issuers clean up, shun U.S. investors as SEC gets tough – Reuters Jack Dorsey believes bitcoin will be the world’s sole currency within 10 years – Yahoo Eddie

25

Links 22 March 2018

Global Macro / Markets / Investing: G20 sees need for ’dialogue,’ fails to defuse trade war threat – Reuters FAANG short sellers made nearly $1 billion in Monday’s Facebook-led plummet – MarketWatch Explaining Trades Is More Profitable Than Doing Them – Bloomberg Does Factor Mobility Nullify the Principle of Comparative Advantage? – Café Hayek Ripple’s

33

Links 21 March 2018

Global Macro / Markets / Investing: An Unexpected Warning From Goldman Sachs: “Markets Themselves” Will Cause The Next Crash – Zero Hedge Global risk conditions now a weaker driver of global liquidity – VOX $2.4 Trillion Manager Says It’s South Africa’s Brazil Moment – Bloomberg SEC Urges Exchanges to End Standoff on Trading Data –

18

Links 20 March 2018

Global Macro / Markets / Investing: Twitter is reportedly planning to ban cryptocurrency ads – The Verge Trump’s plan that would blow up the WTO – Axios A Deeper Look at the Flattening Yield Curve – WSJ Oil Hedge Fund BBL Looks to Launch $1 Billion Macro Fund – WSJ Investors in Bitcoin and other

33

Links 19 March 2018

Global Macro / Markets / Investing: President at Billionaire Steve Cohen’s Hedge Fund Firm Resigns – Bloomberg Wall Street’s tech love affair might end in tears – Reuters Fewer Americans Hold Cryptocurrencies Than You Probably Think – Bloomberg Alan Schwartz, Last Head of Bear Stearns, Taking on Wall Street Goliaths at Guggenheim – WSJ How

483

Weekend Reading: 17-18 March 2018

Global Macro / Markets / Investing: JPMorgan Moves Closer to Urging a Rotation Away From Equities – Bloomberg Imagine Wall Street Without Jamie Dimon and Lloyd Blankfein – Bloomberg Leveraged ETFs Are Moving Markets Again – WSJ What’s the Biggest Trade on the New York Stock Exchange? The Last One – WSJ The Bitcoin Fad

21

Links 16 March 2018

Global Macro / Markets / Investing: A Decade After Bear’s Collapse, the Seeds of Instability Are Germinating Again – WSJ Tesla employees say automaker is churning out a high volume of flawed parts requiring costly rework – CNBC Bitcoin Is Worthless, Bubble May Pop Soon, Allianz Global Says – Bloomberg Amazon: The Making of a