Links

69

Links 15 August 2018

Global Macro / Markets / Investing: Elon Musk’s Tweet on Taking Tesla Private Surprised Even Its Board – NY Times Update on Taking Tesla Private – Tesla Elon Musk’s Funding for Tesla Wasn’t So Secure – Bloomberg Musk’s Belated Explanation Is Unlikely to Get SEC Off His Back – Bloomberg Musk Tweets He’s Working With Silver

52

Links 14 August 2018

Global Macro / Markets / Investing: The Mystery Behind Tether, the Crypto World’s Digital Dollar – WSJ Frackers Burn Cash to Sustain U.S. Oil Boom – WSJ Trump’s Tariffs Foster Crisis at the W.T.O. – NY Times Turkey’s Financial Crisis Surprised Many. Except This Analyst. – NY Times Turkey’s crisis could widen, and its options

16

Links 13 August 2018

Global Macro / Markets / Investing: Supply Chains and Trade War (Very Wonkish) – NY Times Trends in mortality inequality in the US and France – VOX Asset prices and wealth inequality – VOX Why is macroeconomics so hard to teach? – The Economist Crypto Unicorn Bitmain Weighs $18 Billion IPO, One of World’s Largest

430

Weekend Reading: 11-12 August 2018

Global Macro / Markets / Investing: Tesla’s board seeking more information on Musk’s financing plan – sources – Reuters Tesla Falls, Wiping Out Tweet-Fueled Rally in Just Two Days – Bloomberg The spoils of being a partner at an investment bank – FT ‘The Dude’ Is Back With a $100 Million Bet on Turkish Stocks

20

Links 10 August 2018

Global Macro / Markets / Investing: SEC Inquired About Tesla CEO Musk’s Tweets – WSJ Wall Street Salivates After Elon Musk Floats Taking Tesla Private – NY Times Who could fund Musk’s Tesla buyout? – FT Call of the day: Tesla shares are headed for $420 regardless – MarketWatch For Tesla’s Elon Musk, Twitter Is

22

Links 9 August 2018

Global Macro / Markets / Investing: Taking Tesla Private – Tesla Saudi Arabia’s sovereign wealth fund builds $2bn Tesla stake – FT Elon Musk Just Showed Exactly Why Tesla Should Be Private – Bloomberg Inside the bitter divorce war between Sue and Bill Gross – NY Post The devastating cost of central banks’ caution –

29

Links 8 July 2018

Global Macro / Markets / Investing: Facebook to Banks: Give Us Your Data, We’ll Give You Our Users – WSJ Apple’s Stock Market Scam – New Republic How Econ Numbers Can Lead You (and Me) Astray – Bloomberg Goldman Banker Takes on World’s Largest Gold Miner—and Gets Pushback – WSJ Jamie Dimon Warns of 5%

13

Links 7 August 2018

Global Macro / Markets / Investing: Some Traders Are Talking Up Cryptocurrencies, Then Dumping Them, Costing Other Millions – WSJ The WTO has become dysfunctional – FT The Stock Market Is Shrinking. That’s a Problem for Everyone.– NY Times Inequality and ordinary living standards in rich countries – VOX Call for big oil groups to

15

Links 6 August 2018

Global Macro / Markets / Investing: Every U.S. Valuation Milestone Since 1781, Including Apple’s Ascent to $1 Trillion – Visual Capitalist Studzinski’s Exit Says Something About Blackstone – Bloomberg Tesla’s revenue growth looks better than it should thanks to a disclosure shortcut – MarketWatch The Stock Market Is Shrinking. That’s a Problem for Everyone. –

379

Weekend Reading: 4-5 August 2018

Global Macro / Markets / Investing: Apple hits $1 trillion stock market valuation – Reuters Apple is becoming a formidable fintech company – Quartz Time is on Apple’s side – Om Malik Once in a lifetime, if you’re lucky – The Reformed Broker Crypto Bulls Pile Into ICOs at Record Pace Despite Bitcoin Rout –

33

Links 3 August 2018

Global Macro / Markets / Investing: Blockchain Hype Is Fading Fast – Streetwise Professor Bitcoin’s Use in Commerce Keeps Falling Even as Volatility Eases – Bloomberg Report: Use of Bitcoin in Commerce Hit Low in May After Peaking at $411 Mln Last Year – Coin Telegraph The End of the Global Housing Boom – Bloomberg

50

Links 2 August 2018

Global Macro / Markets / Investing: Paul Krugman – Transaction Costs and Tethers: Why I’m a Crypto Skeptic – NY Times The real reason you’re not getting a pay raise – VOX Blockchain, Once Seen as a Corporate Cure-All, Suffers Slowdown – Bloomberg Apple Closes In on $1 Trillion Market Cap With Q3 Earnings Beat

28

Links 1 August 2018

Global Macro / Markets / Investing: Goldman Partners’ Haul on Crisis-Era Options: $3 Billion – WSJ This ‘prophet of doom’ predicts stock market will plunge more than 50% – MarketWatch SEC’s New Crypto Czar Wants Coin Industry to Step Out of Shadows – Bloomberg Have a Cryptocurrency Company? Bermuda, Malta or Gibraltar Wants You –

30

Links 31 July 2018

Global Macro / Markets / Investing: These Hedge Funds Are Doing Great but Don’t Want Your Money – WSJ Drinking From The Crypto Firehose – AVC Human Bankers Are Losing to Robots – Bloomberg Financial world doomed to repeat bad behaviour – FT The $500 Billion Market the World Never Thought It Would See –

21

Links 30 July 2018

Global Macro / Markets / Investing: The World Trade Historical Database – VOX The $5 Trillion Question: How Did the Firm That Pioneered ETFs Lose Its Lead? – WSJ The Train Robbery Capital of the World – Bloomberg Financial world doomed to repeat bad behaviour – FT The death of Don Draper – New Statesman

474

Weekend Reading: 28-29 July 2018

Global Macro / Markets / Investing: Winklevoss twins bitcoin ETF rejected by SEC – CNBC Winklevoss Twins Want To Sell You A Bitcoin Fund – BuzzFeed Facebook’s $119 Billion One-Day Rout Makes U.S. History – Bloomberg How Facebook’s $151 Billion Rout Could Rewrite the History Books – Bloomberg How Facebook Went So Wrong So Fast

17

Links 27 July 2018

Global Macro / Markets / Investing: Facebook plunges as much as 20 percent on revenue miss and projected slowdown – CNBC The World Economy Runs on GPS. If It Fails, We’re Screwed – Bloomberg Millennials Are Making a Costly Investment Mistake – Bloomberg As inequality grows, so does the political influence of the rich –

29

Links 26 July 2018

Global Macro / Markets / Investing: ‘I will be the world’s first trillionaire’ Cryptocurrency tycoon makes SHOCK claim – Daily Star Insurers Pull Billions From Hedge Funds – WSJ What the U.S.–China Trade War Means for the Art Market – Artsy Cost to insure Tesla’s debt rises on growing default fears – Reuters Across the

34

Links 25 July 2018

Global Macro / Markets / Investing: Global Central Bank Chatter Rattles Bond Market – WSJ The global slump in press freedom – The Economist Economists Can’t Write Economically, Driving Demand for Brevity – WSJ Decade After Crisis, $600 Trillion Derivatives Market Remains Opaque to Regulators – NY Times Tesla Asks Suppliers for Cash Back to

29

Links 24 July 2018

Global Macro / Markets / Investing: Tesla Asks Suppliers for Cash Back to Help Turn a Profit – WSJ Prolonged Slump in Bond Liquidity Rattles Markets – WSJ How Hard is it to Become a 401(k) Millionaire? – A Wealth Of Common Sense Being 30 then and now – Axios The aging, childless future – Axios

7

Links 23 July 2018

Global Macro / Markets / Investing: Currency War Erupts, Threatening to Ripple Across Global Markets – Bloomberg Mindsets: Optimism vs. Complacency vs. Pessimism – Collaborative Fund George Soros Bet Big on Liberal Democracy. Now He Fears He Is Losing. – NY Times A 4-Day Workweek? A Test Run Shows a Surprising Result – NY Times

388

Weekend Reading: 21-22 July 2018

Global Macro / Markets / Investing: First Test Drive of the Tesla Model 3 Performance: A Thrilling, Modern Marvel – WSJ Tesla’s battery maker suspends cobalt supplier amid… – Reuters Stolen Crypto Millions Paid Back for Cents on Dollar, Guaranteed – Bloomberg Fed’s Powell facing first test from the bond market – FT Microsoft’s Revenue

38

Links 20 July 2018

Global Macro / Markets / Investing: ETFs Unlikely to Cause Widespread Market Disruptions, Research Shows – WSJ Bond Traders Are Way Ahead of the Fed’s Powell – Bloomberg The False Tale of Amazon’s Industry-Conquering Juggernaut – Wired Quant Funds Are Getting a Bad Rap – Bloomberg Trump May Kill the Global Recovery – Project Syndicate Americas:

29

Links 19 July 2018

Global Macro / Markets / Investing: The economics of blockchains – VOX The Most Important Asset – Of Dollars & Data An Open Letter to Elon Musk – Loup Ventures Goldman Sachs Ushers In New Era as Solomon Takes CEO Reins – Bloomberg Value is Dead, Long Live Value, with Modest Proposal – The Investor’s

22

Links 18 July 2018

Global Macro / Markets / Investing: Jeff Bezos Becomes the Richest Man in Modern History, Topping $150 Billion – Bloomberg The Flattening Yield Curve – Medium Coinbase Says It Has Green Light to List Coins Deemed Securities – Bloomberg Netflix Plunges After Slowdown Threatens Highflier Status – Bloomberg Tech stocks contributed 98% of the S&P

41

Links 17 July 2018

Global Macro / Markets / Investing: How a $139 Billion Fund Is Trading the Trade War – Bloomberg Bond markets signal early end to Fed rate rises – FT Amazon’s share of the US e-commerce market is now 49%, or 5% of all retail spend – Tech Crunch Infographic: A Short History of U.S. Trade

33

Links 16 July 2018

Global Macro / Markets / Investing: Fiscal hawks’ tales of doom do not fly with the young – FT Fed Could Avert an Inverted Yield Curve. But It Won’t. – Bloomberg Watch out, retailers. This is just how big Amazon is becoming – CNBC The Death of Soda: 11 Slides on Why the Industry Has

397

Weekend Reading: 14-15 July 2018

Global Macro / Markets / Investing: The Lifecycle of Greed and Fear – Collaborative Fund U.S. Yield Curve to Invert in Mid-2019, Morgan Stanley Says – Bloomberg Hell for Elon Musk Is a Mid-Size Sedan – Bloomberg It’s not wage rises that are a problem for the economy – The Guardian Are BlackRock’s Core Funds

16

Links 13 July 2018

Global Macro / Markets / Investing: Mobius Says Trade War Is Just a Warm-Up Act for Financial Crisis – Bloomberg Stocks Quants Are Reeling From the Worst Run in 8 Years – Bloomberg Why bitcoin uses so much energy – The Economist A carbon tax would be less regressive than energy efficiency standards – VOX Taxing

8

Links 12 July 2018

Global Macro / Markets / Investing: Chart of Century Gives Powell Gloomy Glimpse of Trade-War World – Bloomberg Bill Gross’s Slumping Fund Sees $580 Million of Outflows This Year – Bloomberg US Equity Futures Tumble As US Readies $200 Billion China Tariff List – Zero Hedge Jeff Bezos Is Now $50 Billion Richer Than Anyone