Links

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Links 3 May 2019

Global Macro / Markets / Investing: Endgame: Starting In 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt – Zero Hedge The Consumer Potential of Retail Cannabis – Visual Capitalist Global Recession Fears: What Does It Mean For Cryptocurrencies – 7 Bitcoins What oil at US$100 a barrel would mean

8

Links 2 May 2019

Global Macro / Markets / Investing: Google has lost $70 billion off its market cap after a ‘nasty combination’ of slowing ad traffic and a drop in sales per click – Business Insider S&P 500 ekes out third straight record close; Nasdaq retreats after Google revenue miss – MarketWatch An India-China Maneouvre Could Soon Leave

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Links 1 May 2019

Global Macro / Markets / Investing: Fund managers worth $10.2tr urge oil firms to align with Paris Agreement goals – Business Green Wealth Destruction for the 99.9 Percent – BATR Breaking up big companies and market power concentration – Bruegel U.S. Stocks Rise… Consumer Spending Rose In February And March, While Inflation Remained Muted –

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Links 30 April 2019

Global Macro / Markets / Investing: Uber will soon join an ugly but exclusive club: Unprofitable companies worth more than $50 billion – CNBC The gig economy is quietly undermining a century of worker protections – Quartz Sensing a threat they can’t ignore, Wall Street banks instead partner with tech giants like Apple – CNBC

9

Links 29 April 2019

Global Macro / Markets / Investing: In Praise of a Higher Minimum Wage – City Lab Global Declining Competition – IMF The Global Economic Recovery 10 Years After the 2008 Financial Crisis – IMF Boeing Is a Perfect Parable for 21st Century Capitalism – Truth Dig Climate change and population growth are making the world’s

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Weekend Reading: 27-28 April 2019

Global Macro / Markets / Investing: Life after the multilateral trading system – Bruegel Why Millennials are Failing at Investing – Medium The Gig Economy is Breaking Capitalism – Medium Something Has Spooked the Currency Markets – Bloomberg The global macroeconomics of a trade war: Findings from the EAGLE model – VoxEU Monetary policy in

21

CoreLogic weekly house price update: easing falls

By Leith van Onselen In the week ended 25 April 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell another 0.06%: Values fell across three major markets: So far in April, home values have fallen by 0.41% at the 5-city level, with all major capitals falling: The

3

Links 26 April 2019

Global Macro / Markets / Investing: Economist Joseph Stiglitz: Capitalism Hasn’t Been Working for Most People for the Last 40 Years – Democracy Now The Gig Economy is Breaking Capitalism – Medium Why Cryptocurrency Exchanges Can’t Provide Accurate Tax Information to Users – Coin Market Asian shares dip; euro weighed by sagging German business morale

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Anzac Day Links: 25 April 2019

Global Macro / Markets / Investing: ABC’s of Business Cycle Theory: Beyond Keynes vs. Hayek – Medium S&P 500, Nasdaq On Pace to Close at All-Time Highs – WSJ The World Economy Is A Pyramid Scheme, Steven Chu Says – Forbes Tesla’s Share Forecast is Turning Bearish from Bullish – Trade Site Reviews Beware of

11

Links 24 April 2019

Global Macro / Markets / Investing: New study finds that getting rid of debt doesn’t just unburden finances, it takes a weight off the mind that clears up cognitive functioning – MarketWatch Progressive Capitalism Is Not an Oxymoron – NY Times Trump is leading a global attack against central banks. It could end in disaster.

14

Links 23 April 2019

Global Macro / Markets / Investing: Is the Internet hollowing out the middle class? – Gerry McCovern IMF suggests effectively Banning Cash…. Cashing In: How to Make Negative Interest Rates Work – IMF Blog The Price of Universal Basic Income – James Allan Milton Friedman: What is Monetary Policy? – Infadium China,Ireland,India have sold over

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Easter Long Weekend Links: 19-22 April 2019

  Global Macro / Markets / Investing: Mapping the Global Migration of Millionaires – Visual Capitalist China and Russia Buy Gold as US Keeps Gold Prices Artificially Low – Bunker Basics The Bank of England gives a masterclass on the “very real” risks of climate change – Qz Will we survive the next financial crisis? – Politico Belarus President

18

Links 18 April 2019

  Global Macro / Markets / Investing: Plummeting battery prices to make electric cars cheaper than gas cars in 3 years – Think Progress Price of Gold Fundamental Daily Forecast – Lower for the Year, Vulnerable to Steep $15 – $20 Break – FX Empire Middle class struggles are now threatening the global economy –

20

Links 17 April 2019

Global Macro / Markets / Investing: Goldman Sachs CEO David Solomon slashes pay for his employees as revenue drops – CNBC Plug-in electric car ownership up 76% in 2018 – Fleet News Goldman Sachs Quarterly Profit Falls 20 percent – Reuters Huawei is ‘open’ to selling 5G chips to Apple for iPhones, marking a big

28

Links 16 April 2019

Global Macro / Markets / Investing: The mountain of corporate debt will be the seed of the next financial crisis – Cadtm Regulations Needed After Cryptocurrency CEO Takes Passwords To Grave – Ponderwall Is Green Growth Possible? – Ineteconomics Selling with the enemy: Why rival retailers embrace Amazon.com – Japan Today Ethereum set a course

35

Links 15 April 2019

Global Macro / Markets / Investing: Research Study on Ongoing Crime Spree by Wall Street Mega Banks Gets News Blackout: Here’s Why – Blacklist News Risk of earnings recession rises, as S&P 500 profits to fall for first time in 3 years – MarketWatch The Leader of the World’s Largest Hedge Fund Says the Economic

344

Weekend Reading: 13-14 April 2019

Global Macro / Markets / Investing: Shadow banking is now a $52 trillion industry, posing a big risk to the financial system – CNBC World Bank President David Malpass says there is too much debt in the world – CNBC Derivatives still pose threat to the financial system – Live Mint Income Is Determined by the Scarcity of

23

Links 12 April 2019

Global Macro / Markets / Investing: The Problem With Putting a Price on the End of the World – NY Times Oil and gas ‘could lose 95% of its value’ by 2050, consultancy warns – FN London Can we use physics to forecast long run global economic growth? – Nephologue Investors Should Worry If Climate

19

Links 11 April 2019

Global Macro / Markets / Investing: Nobody on Wall Street seems afraid. Here’s why that’s scary – CNN A ‘wealth tax’ presents a revenue estimation puzzle – Washington Post College Grads Sell Stakes in Themselves to Wall Street – Bloomberg Global Growth Forecasts Shift Downward—What’s Behind the Numbers and Why It Matters – Econ Browser

9

Links 10 April 2019

Global Macro / Markets / Investing: Ray Dalio says wealth inequality is a national emergency – CBS News Davos panel on inequality becomes discussion about the very rich ‘paying their fair share’. – Infadium Top Candidate to Lead the Bank of England Explains Why Capitalism May Not Survive the 21st Century – Hidden Forces Sony

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Links 9 April 2019

Global Macro / Markets / Investing: The Stock Market Has Been On One Of Its Strongest Runs In Two Decades, But A Looming Pullback In Earnings Poses A Threat To Its Rise – Stock Market News Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet – Reuters The flat truth on

15

Links 8 April 2019

Global Macro / Markets / Investing: Lyft is threatening litigation against Morgan Stanley, accusing the firm of supporting short-selling – CNBC In the past 8 years more than 1/3 Cryptocurrency Exchanges have been ‘hacked’ with losses totalling over $1 Billion USD. – Powder Wall The World Economy Is A Pyramid Scheme, Steven Chu Says –

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Weekend Reading: 6-7 April 2019

Global Macro / Markets / Investing: Watch Jamie Dimon speak about JP Morgan’s global strategy and the state of the economy – CNBC Why Rent Control Doesn’t Work – Freakonomics Radio The Dow Rose 167 Points on Hopes Trump and Xi Can Cut a Deal – Barron’s Governments could save $1 trillion in taxes by

36

Links 5 April 2019

Global Macro / Markets / Investing: Saudi Arabia’s biggest oil field is fading faster than anyone guessed – The Star Phoenix Africa Growth at 7-Year High, No Thanks to Its Major Economies – Bloomberg Remittance flows worldwide in 2017 – Pew Global Shipping data signals weakness in global economy – Euro News The Decade of

16

Links 4 April 2019

Global Macro / Markets / Investing: Why Investors Keep Coming Back to Hedge Funds – Institutional Investor Global Private Equity Report 2019 – Bain & Company Lagarde: Global economy is in ‘a delicate moment’ and ‘losing momentum’ – CNBC Bitcoin’s Value Suddenly Surged, But Nobody’s Really Sure Why – Time Trade slowed in fourth quarter,

10

Links 3 April 2019

Global Macro / Markets / Investing: On-Demand Startups Are Hemorrhaging Tens of Billions a Year – Bloomberg BIS: Why does financial sector growth crowd out real economic growth? – BIS Is modern monetary theory nutty or essential? – The Economist Why Are Economists Giving Piketty the Cold Shoulder? – Boston Review Americas: Retail Layoffs Are

15

Links 2 April 2019

Global Macro / Markets / Investing: Trend-Following CTAs vs Alternative Risk-Premia – The Hedge Fund Journal He Was Once a Macro God. Now Alan Howard Wants to Be More Than That. – Institutional Investor Uber to Seal $3.1 Billion Deal to Buy Careem This Week – Bloomberg Tesla analyst cuts Model 3 forecast, now sees

19

Links 1 April 2019

Global Macro / Markets / Investing: Mark Zuckerberg: The Internet needs new rules. Let’s start in these four areas. – Washington Post The Incredible Shrinking Trump Boom – NY Times Modern Monetary Theory Makes Sense, Up to a Point – NY Times The Revolution Need Not Be Automated – Project Syndicate Largest Cuts to S&P

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Weekend Links, 30-31 March, 2019

The great rock: dusk, Lloyd Rees, 1977, Art Gallery of NSW     Macro, Markets & Investing U.S., China resume trade talks in Beijing after ‘productive working dinner’ – Reuters US economic adviser hints at partial lifting of China tariffs – Nikkei Asian Review Brazil’s Vale slashes iron ore sales estimate after dam burst –