Links

31

Links 12 December 2018

Global Macro / Markets / Investing: Are You Ready for the Financial Crisis of 2019? – NY Times Almost half of S&P 500 stocks in a bear market – Reuters Many worldwide oppose more migration – both into and out of their countries – Pew Research Layoffs Become the Latest Thing in Cryptocurrency – WSJ

29

Links 11 December 2018

Global Macro / Markets / Investing: Sell-offs could be down to machines that control 80% of the US stock market, fund manager says – CNBC Stocks extend decline as trade woes batter sentiment – Reuters The Market’s Latest Problem: Hesitation to Buy the Dip – WSJ The Case Against Meritocracy – NY Times Coinbase abandons

22

Links 9 December 2018

Global Macro / Markets / Investing: Trump Is Gripped by Market Volatility—And His Role in It – WSJ Trump is reportedly ’glued’ to the stock market’s fluctuations and worried he’s causing them – CNBC Trump’s trade war has cost the S&P 10% this year, JP Morgan estimates – CNBC The Planet Has Seen Sudden Warming

481

Weekend Reading 8-9 December 2018

Global Macro / Markets / Investing: Investors withdraw billions from US equity funds – FT Wild market swings hinge on a different kind of leverage – FT Greenhouse Gas Emissions Accelerate Like a ‘Speeding Freight Train’ in 2018 – NY Times The moral assumptions embedded in economic models of climate change – The Economist Deutsche

23

Links 7 December 2018

Global Macro / Markets / Investing: Facebook’s Internal Tensions Are Reaching A Boiling Point – BuzzFeed Deutsche Bank shares fall to new all-time low – FT With a Green New Deal, Here’s What the World Could Look Like for the Next Generation – The Intercept Sell-offs could be down to machines that control 80% of

11

Links 6 December 2018

Global Macro / Markets / Investing: Dow plunges more than 600 points on confusion over status of U.S.-China trade deal – Washington Post Banks May Be Safer in a Debt Crisis, But Investors Aren’t – WSJ Recession would not be a bad thing, says CEO Jamie Dimon – CNBC OPEC works on deal to cut

22

Links 5 December 2018

 Global Macro / Markets / Investing: Bitcoin is close to becoming worthless – MarketWatch The Crypto Winter Is Here and We Only Have Ourselves to Blame – Coin Desk The digital-media bubble is bursting. That’s hurting a generation of promising young journalists. – Washington Post Climate change ’greatest threat’, UN told – BBC How to

15

Links 4 December 2018

Global Macro / Markets / Investing: Amazon’s cloud business is competing with its customers – CNBC Global retirement crisis is main threat to investment industry, warn chiefs – FT Investors Rev Up the Risk in Subprime Auto Deals – WSJ Deutsche Bank chief dismisses takeover speculation – Reuters Federal Reserve prepares to give investors murkier

19

Links 3 December 2018

Global Macro / Markets / Investing: Managing Director Christine Lagarde Calls for Decisive and Collaborative Action by G-20 Leaders as Global Growth Moderates and Risks Increase – IMF Why is climate change so hard to tackle? – The Economist Microsoft tops Apple to become No. 1 on Wall Street – Seattle Times Microsoft’s market value

524

Weekend Reading: 1-2 December 2018

Global Macro / Markets / Investing: How the CEOs of Multi-Billion Dollar Companies Spend Their Time – Visual Capitalist Despite cryptocurrency crash, Amazon sees opportunity to embrace blockchain – CNBC Bad Buybacks – The Big Picture Catastrophe bond losses force investors to reassess risk – FT Microsoft Is Worth as Much as Apple. How Did

60

Links 30 November 2018

Global Macro / Markets / Investing: Fed warns that a ’particularly large’ plunge in market prices is possible if risks materialize – CNBC Rally after Powell says Fed interest rates nearing ‘neutral’ – FT Biggest Pay Raise on Wall Street Goes to Stock Derivatives Traders – WSJ Bond Indexes Bend Under Weight of Treasury Debt

32

Links 29 November 2018

Global Macro / Markets / Investing: Little known to many investors, cryptocurrency reviews are for sale – Reuters When Blue Chip Companies Pile on Debt, It’s Time to Worry – NY Times Cryptocurrencies to survive sell-off: Allianz’s El-Erian – Reuters Raise Rates Today to Fight a Recession Tomorrow – WSJ The Bitcoin network at risk

23

Links 28 November 2018

Global Macro / Markets / Investing: Employees Say Startup Civil Hyped Crypto Returns, But Failed to Pay – Coin Desk I was wrong on climate change. Why can’t other conservatives admit it, too? – Washington Post Elon Musk: Humans must merge with machines – Axios Some international regulators have been captured by producer interests –

14

Links 27 November 2018

Global Macro / Markets / Investing: Why Warren Buffett Is Big on Big Banks – Barron’s No Refuge for Investors as 2018 Rout Sends Stocks, Bonds, Oil Lower – WSJ The World Needs to Quit Coal. Why Is It So Hard? – NY Times Bitcoin extends losses, slides under $3500 to lowest since September 2017

52

Links 26 November 2018

Global Macro / Markets / Investing: A Demystifying Decade for Economics – JW Mason Dimming the sun: The answer to global warming? – CNN Slate Money Geeks Out on Sovereign Debt – Slate Bitcoin for payments a distant dream as usage dries up – Reuters In Oil’s Huge Drop, All Signs Say Made in the

579

Weekend Reading: 24-25 November 2018

Global Macro / Markets / Investing: How Bitcoin’s Crash Compares to History’s Biggest Bubbles – Bloomberg Texas Is About to Create OPEC’s Worst Nightmare – Bloomberg Why suicide is falling around the world, and how to bring it down more – The Economist Recalculating GDP for the Facebook age – FT An electric plane with

61

Links 23 November 2018

Global Macro / Markets / Investing: Texas Is About to Create OPEC’s Worst Nightmare – Bloomberg Real Time Economics: What Are Markets Telling Us About the Economy? – WSJ Jamie Dimon and Warren Buffett Have the Last Laugh on Bitcoin – Bloomberg These Traders Paid a 100% Premium for Bitcoin at the Market Top –

23

Links 22 November 2018

Global Macro / Markets / Investing: Bitcoin-Rigging Criminal Probe Focused on Tie to Tether – Bloomberg Did Elon Musk Forget About Buffalo? – Bloomberg Debt: A Love Story – Wealth Simple Amidst Roaring Economy, Troubled Markets Sound Alarms – WSJ ‘I Can Be the Bank’: Individual Investors Buy Busted Mortgages – WSJ Hedge Fund’s Accounts

20

Links 21 November 2018

Global Macro / Markets / Investing: Bitcoin Tumbles Toward $5,000 – Bloomberg The five most important tech stocks are getting slaughtered with each down more than 20% from highs – CNBC With Facebook at ‘War,’ Zuckerberg Adopts More Aggressive Style – WSJ S&P 500 buybacks set another quarterly record: S&P Dow Jones – Reuters Here’s

22

Links 20 November 2018

Global Macro / Markets / Investing: The Oil Price Is Now Controlled By Just Three Men – Bloomberg Buying Stakes in Private-Equity Firms, Not Just Their Funds, Pays Big – WSJ Global bond and equity markets shrink $5tn in 2018 – FT Wall Street bankers are throwing excessive parties to dodge taxes – NY Post Global

24

Links 19 November 2018

Global Macro / Markets / Investing: How Extreme Weather Is Shrinking the Planet – New Yorker Why Central Bankers Missed the Crisis – WSJ A Trade Deficit Isn’t a Mortgage – WSJ Across the West powerful firms are becoming even more powerful – The Economist Beyond the AI Arms Race – Foreign Affairs Leveraged Loans

593

Weekend Reading: 17-18 November 2018

Global Macro / Markets / Investing: Sounding the Alarm on Leveraged Lending – IMF Oil Hedge Fund Giant Hammered in Crude’s Slide – WSJ Amazon’s Golden Fleecing – WSJ Is there a financial time bomb in sight? – Washington Post Forking hell, crypto is collapsing! – FT Jeff Bezos to employees: ’One day, Amazon will

46

Links 16 November 2018

Global Macro / Markets / Investing: GE Credit Crunch Ripples Across Wall Stree – WSJ Facebook Morale Takes a Tumble Along With Stock Price – WSJ Uber posts $1 billion loss in quarter as growth in bookings slow – Reuters Winds of Change: The Case for New Digital Currency – IMF Ray Dalio’s Faith in

26

Links 15 November 2018

Global Macro / Markets / Investing: Casting Light on Central Bank Digital Currencies – IMF The seven deadly paradoxes of cryptocurrency – Bank Underground WeWork’s Rise: How a Sublet Start-Up Is Taking Over – NY Times Triple B corporate bond bulls aren’t blinking – FT Big companies are pushing governments around – FT Five US

61

Links 14 November 2018

Global Macro / Markets / Investing: Trump’s protectionism might just save the WTO – Washington Post What plunging oil prices may be telling us about the stock market and global economy – MarketWatch The CEO obsession with bitcoin and blockchain is over – Axios Aggregating labour supply elasticities – VOX Global trends in interest rates

67

Links 13 November 2018

Global Macro / Markets / Investing: The CEO obsession with bitcoin and blockchain is over – Axios Clever Map Shows the True Size of Countries – Visual Capitalist Be Afraid of Economic ‘Bigness.’ Be Very Afraid – NY Times Why “Qualified Opportunity Zones” May Be the Next Hot Thing in Investing – Barron’s Elon Musk

40

Links 12 November 2018

Global Macro / Markets / Investing: The Bogus Backlash to Globalization – Foreign Affairs Billionaire Ray Dialo Says “Capitalism Is Not Working” for Most People – Barron’s ’Remarkable’ decline in fertility rates – BBC A death cross is set to form in a key gauge of small-cap stocks – MarketWatch Americas: Deployed Inside the United

491

Weekend Reading 10-11 November 2018

Global Macro / Markets / Investing: The Global Impact of a Chinese Recession – Project Syndicate Tesla Names Telstra Executive to Replace Elon Musk as Chairman – WSJ Why the world deserves a better toilet – Gates Notes I Can’t See Berkshire’s Bottom Line – WSJ October was worst month for hedge funds in 7

32

Links 9 November 2018

Global Macro / Markets / Investing: Hedge Funds Revive the Junk Bond CDO – WSJ Wall Street Analysts Are Now Selling More Data, Less Analysis – WSJ Congressional gridlock? Financial markets are fine with it – FT S&P 500 and Dow surge in best rally after midterm elections since 1982 – CNBC Capitalising crypto –

47

Links 8 November 2018

Global Macro / Markets / Investing: The Economics of the Great War: A Centennial Perspective – VOX Supply Crunch Looms in Commodities Markets – WSJ Bitcoin volatility sinks to lowest in nearly two years – Yahoo Finding Stocks to Buy in an Era of Rising Prices – WSJ Americas: Who Will Win the House? –