Links

37

Links 15 October 2018

Global Macro / Markets / Investing: Tesla needs over $1 billion in cash over the next 6 months, and Wall Street is going nuts figuring out where it’s going to come from – Business Insider Why Our Beliefs Don’t Predict Much About the Economy – NY Times A Billionaire’s Sears Fiasco Is Finally Nearing Its

432

Weekend Reading: 13-14 October 2018

Global Macro / Markets / Investing: A $1 Trillion Powder Keg Threatens the Corporate Bond Market – Bloomberg A Hedge Fund Guy Lefties Can Love – Bloomberg ‘The Mother of All Scams’: Roubini Slams Crypto in Senate Hearing – Bloomberg Stocks could fall 40% to 50% to reach fair value, with recession in first half

26

Links 12 October 2018

Global Macro / Markets / Investing: Trump Takes Swipe at Fed as Stocks Tumble – WSJ Trump says the Federal Reserve has ’gone crazy’ by continuing to raise interest rates – CNBC The Fed is undergoing a major change, and the market is having a fit – CNBC U.S. Stocks Plunge as Yield, Trade Worries

37

Links 11 October 2018

Global Macro / Markets / Investing: Uber CEO: We’re going after groceries next – Yahoo Crypto Industry on ‘Brink of an Implosion,’ Researcher Says – Bloomberg Google bows out of Pentagon’s $10 billion cloud-computing race – Washington Post How to avoid the next financial crisis – FT Short Seller Who Foresaw Valeant Crash Now Bets on

56

Links: 10 October 2018

Global Macro / Markets / Investing: Google Exposed User Data, Feared Repercussions of Disclosing to Public – WSJ The planet is on a fast path to destruction. The media must cover this like it’s the only story that matters. – Washington Post Economic Growth – Our World in Data Why the falling cost of light

34

Links 9 October 2018

Global Macro / Markets / Investing: Major Climate Report Describes a Strong Risk of Crisis as Early as 2040 – NY Times The world has barely 10 years to get climate change under control, U.N. scientists say – Washington Post A major climate report will slam the door on wishful thinking – VOX Increased Dollar

12

Links 8 October 2018

Global Macro / Markets / Investing: Bitcoin is as efficient as a lame hippopotamus with a hangover – Preston By Me Vanguard’s Chief and 2 Other Fund CEOs on How Their Firms Will Change in the Future  – Barron’s Why it’s time to end the tit-for-tat tariffs in the U.S.-China trade war – Brookings Surprising

429

MacroBusiness Weekend Links 6-7 October, 2018

Crowd, Grace Cossington-Smith, 1922, National Gallery of Victoria   Global Macro As US turns up heat on China, trade war moves beyond tariffs to new battlefronts – SCMP China ‘spy chips’ rattle global data center supply chain – Nikkei Asia Review Surprising Truths About Trade Deficits – NY Times Soaring US dollar threatens trouble for

27

Links 5 October 2018

Global Macro / Markets / Investing: Amazon Is Eliminating Bonuses, Stock Awards to Help Pay for Raises – Bloomberg Amazon’s hourly workers lose monthly bonuses and stock awards as minimum wage increases – CNBC Tesla’s Model 3 Is Becoming One of America’s Best-Selling Sedans – Bloomberg Federal Court Finds that Virtual Currencies Are Commodities –

41

Links 4 October 2018

Global Macro / Markets / Investing: Elon Musk’s Ultimatum to Tesla: Fight the S.E.C., or I Quit – NY Times Unraveling a Tesla Mystery: Lots (and Lots) of Parked Cars – NY Times Climate Change Is Forcing the Insurance Industry to Recalculate – WSJ The Long and Short of It: Do Public and Private Firms

24

Links 3 October 2018

Global Macro / Markets / Investing: Red Ink Floods IPO Market – WSJ GE unexpectedly removes its CEO – CNN GE’s $500,000,000,000 Market Wipeout Is Like Erasing Facebook – Bloomberg Fitch downgrades 20 Turkish banks – FT QE: A User’s Guide – PIIE Oil Surges to Highest Since 2014 as Global Supply Concerns Mount –

19

Links 2 October 2018

Global Macro / Markets / Investing: The Most Important Least-Noticed Economic Event of the Decade – NY Times Investors Say They Were Harmed by Manipulation in Volatility Products – WSJ Elon Musk to Step Down as Tesla Chairman, Remain CEO – WSJ Americas: Hundreds of Migrant Children Quietly Moved to a Tent Camp on the

13

Links 1 October 2018

Global Macro / Markets / Investing: The Most Important Least-Noticed Economic Event of the Decade – NY Times Elon Musk and Tesla Settle With S.E.C. in Fraud Case – NY Times SEC settles charges with Tesla’s Elon Musk, will remain as CEO but relinquish chairman role and pay stiff fine – CNBC Musk Ousted as

327

Weekend Reading: 29-30 September 2018

Global Macro / Markets / Investing: SEC Sues Elon Musk For Fraud, Seeks Removal from Tesla – WSJ SEC charges Tesla, Elon Musk with fraud – CNBC Crypto and Cannabis Are the Perfect Post-Crisis Bubbles – Bloomberg Crypto’s Open Secret: Its Multibillion-Dollar Volume Is Suspect – Bloomberg CEO’s Plan to Save Sears Would Hand His

46

Links 28 September 2018

Global Macro / Markets / Investing: Amazon’s Aggressive Anti-Union Tactics Revealed in Leaked 45-Minute Video – Gizmodo Bitcoin Mining Giant Bitmain Just Officially Filed for an IPO – Coindesk How Uber’s Cultural Overhaul Was Tested by Complaints Against Top Deal Maker – WSJ Meet the banks that are leading the flourishing deal market for pot

20

Links 27 September 2018

Global Macro / Markets / Investing: Trump Boasts and Scorns Globalism to Skeptical U.N. Crowd – NY Times Trump bragged about his presidency and world leaders laughed – Politico Do Spectacular Earnings Justify Spectacular US Stock Prices? – Project Syndicate Free-Riding Investors Set up Markets for a Major Collapse – Daily Reckoning Alternative Risk Premia:

32

Links 26 September 2018

Global Macro / Markets / Investing: Walmart, Sam’s Club to put food products on blockchain – Reuters The rise of zombie firms: causes and consequences – BIS The Curious Case for Emerging Markets – bps Oil climbs to 4-year high close to $81 a barrel – FT Why the ’gig’ economy may not be the

21

Links 25 September 2018

Global Macro / Markets / Investing: Fintech credit markets around the world: size, drivers and policy issues – BIS Share Buybacks Help Lift Corporate Earnings – WSJ Global liquidity: changing instrument and currency patterns – BIS The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret – Coin Desk Regulating cryptocurrencies:

24

Links 24 September 2018

Global Macro / Markets / Investing: How the Myth of the ’Robber Barons’ Began—and Why It Persists – FEE A radical idea for reducing inequality deserves more attention – The Economist Gold Is Cheap. Inflation Is Coming. You Do the Math – Barron’s Do Digital Platforms Reduce Moral Hazard? The Case of Taxis and Uber

332

Weekend Reading: 22-23 September 2018

Global Macro / Markets / Investing: Former Google CEO predicts the internet will split in two by 2028 – CNBC World Poverty Falls Below 750 Million, Report Says – WSJ Why This VC Is Pouring Millions Into Startups Building ‘a Sci-Fi Future’ – Fortune The Prime Effect: How Amazon’s 2-Day Shipping Is Disrupting Retail –

49

Links 21 September 2018

Global Macro / Markets / Investing: Amazon Will Consider Opening Up to 3,000 Cashierless Stores by 2021 – Bloomberg Bond Traders Move Closer to Fed, Ramping Up 2019 Rate Hike Bets – Bloomberg Thiel-Backed Fund Hits the Jackpot With $12 Billion Tilray Stake – Bloomberg Financial stability and a decade of unconventional monetary policy – Brookings

28

Links 20 September 2018

Global Macro / Markets / Investing: Tesla stock drops on report company faces US criminal probe over Musk’s take-private Tweet – CNBC Cryptocurrency Exchanges Are Vulnerable to Manipulation, Report Finds – WSJ No, the Financial Crisis Didn’t Spawn Populism – WSJ Buyback ‘Blackout’ to Test U.S. Stock Market – WSJ Reflections on the Lehman collapse,

23

Links 19 September 2018

Global Macro / Markets / Investing: Reflections on the Lehman collapse, 10 years later – BIS How US banks took over the financial world – FT Kimbal Musk says his brother Elon is doing ’great’ – CNBC Political Pressure on Central Banks by Carola Binder – SSRN A Lost Generation? Long-Lasting Wealth Impacts of the

21

Links 18 September 2018

Global Macro / Markets / Investing: I Came of Age During the 2008 Financial Crisis. I’m Still Angry About It. – NY Times Financial sector remains an impenetrable black box – FT Banks jump on to the fintech bandwagon – FT Why claims that the 2008 bailout was a “success” should make you angry –

24

Links 17 September 2018

Global Macro / Markets / Investing: Ex-Lehman Financial Chief Doesn’t Look Back – WSJ Why Won’t Regulators Rein in Big Banks? – Foreign Policy Facebook’s Crackdown on “Fake News” Might Actually Be Working – Slate The Credit Crunch and the Great Recession (Wonkish) – NY Times Many Millennials Reject Capitalism — What Does This Suggest

389

Weekend Reading: 15-16 September 2018

Global Macro / Markets / Investing: Ten Years After the Crash, We’ve Learned Nothing – Rolling Stone Morgan Stanley Plans to Offer Bitcoin Swap Trading for Clients – Bloomberg Post-crash economics: have we learnt nothing? – Nature JPMorgan Predicts the Next Financial Crisis Will Strike in 2020 – Bloomberg Michael Novogratz Calls a Bottom in the

32

Links 14 September 2018

Global Macro / Markets / Investing: Crypto’s 80% Plunge Is Now Worse Than the Dot-Com Crash – Bloomberg Ray Dalio Says the Next Financial Crisis Could Be Even Worse Than the Last One – Barron’s Ray Dalio’s Seven Bubble Indicators  Are ‘Flickering But Not Flashing’ – Bloomberg Bernanke Says 2008 Crisis Didn’t Cause Era of

16

Links 13 September 2018

Global Macro / Markets / Investing: A Top Goldman Banker Raised Ethics Concerns. Then He Was Gone – NY Times The Incredible Shrinking Hedge Fund – Bloomberg Lagarde warns of US-China trade war ‘shock’ to emerging markets – FT Missing wages, grueling shifts, and bottles of urine: The disturbing accounts of Amazon delivery drivers may

37

Links 12 September 2018

Global Macro / Markets / Investing: Can Mark Zuckerberg Fix Facebook Before It Breaks Democracy? – New Yorker Big Debt Crises – Ray Dalio IPhone prices would rise up to 20% if Apple assembles in the US like Trump wants – CNBC Taxation and Innovation in the 20th Century – NBER The dangerous myth we

21

Links 11 September 2018

Global Macro / Markets / Investing: The Financial Crisis Made Us Afraid of Risk—For a While – WSJ How the Financial Crisis Still Affects Investors – Barron’s Crypto-Mania Collapse Update: $638 Billion Gone – Wolf Street Americas: Many lawmakers and aides who crafted financial regulations after the 2008 crisis now work for Wall Street –