Links

40

Links 7 February 2019

Global Macro / Markets / Investing: Even God Couldn’t Beat Dollar-Cost Averaging – Of Dollars & Data A hole big enough to fit two-thirds of Manhattan has formed under an Antarctic glacier – NBC Here Are the Finance Firms Cutting Jobs After Turmoil in Markets – Bloomberg Goldman Plans Cuts in Commodities Trading as New

69

Links 6 February 2019

Global Macro / Markets / Investing: Former Tesla workers paint grim picture of Buffalo plant – WIVB Has Facebook been good for the world? – VOX Crypto Exchange Says It Can’t Repay $190 Million to Clients After Founder Dies With Only Password – Gizmodo The global economy’s second sun – FT January’s Stock-Market Rally Revives

62

Links 5 February 2019

Global Macro / Markets / Investing: Bitcoin dealer seeks credit protection – Times Colonist How to tax the rich – The Economist Measuring functional specialisation in trade – VOX Taxing the Wealthy Sounds Easy. It’s Not. – NY Times Why ETFs Will Shine This Tax Season – Barron’s A Bitcoin-Backed Stablecoin Has Launched on the

39

Links 4 February 2019

Global Macro / Markets / Investing: Everything You Know About Global Order Is Wrong – Foreign Policy Google Employees Are Fighting With Executives Over Pay – Wired Resentment of the Wealthy Is Not a Policy – Bloomberg America Is Producing the Wrong Kind of Oil – Bloomberg Do not underestimate the risk of an iron

490

Weekend Links 2-3 February, 2019

Jitterbugs, 1945, Weaver Hawkins, Art Gallery of NSW   Markets Macro & Investing The Sorry State of the World Economy – Project-Syndicate, Basu Trump hails China trade talks progress and says he will meet Xi Jinping soon – Guardian China says Washington trade talks were ‘frank’ and made ‘important progress’ – SCMP Donald Trump hails

83

Links 1 February 2019

Global Macro/Markets Central bank gold-buying reaches half-century high– Financial Times OPEC oil output drops in January on Saudi cut, outages and sanctions – Reuters Americas Family Behind OxyContin Maker Made Billions, Say Court Papers – Wall Street Journal Sarah Sanders: God ’wanted Donald Trump to become president’ – The Hill (same God who gives kid’s terminal cancer?) U.S.

46

Links 31 January 2019

Global Macro/Markets The Shutdown Is Making it Harder for Economists to Understand the Shutdown – Time (now that’s some 3D Trump Chess going on there!) Malpass emerges as leading contender to head World Bank – Financial Times No correlation between top tax rates and growth rates – On The Economy The Case for More Short Selling – Institutional Investor

36

Links 30 January 2019

Global Macro/Markets Powell faces early reckoning on Fed’s $4-trillion question– Reuters A Better Way to Tax the Rich – New York Times The U.S. Has Slipped out of the Top 20 Countries in a Worldwide Corruption Index – Time Americas Top GOP senators propose repealing estate tax, which is expected to be paid by fewer than 2,000

34

Links 29 January 2019

Global Macro/Markets Howard Marks: The Wisdom of a Value Superinvestor – moiglobal.com Yes, There Are Individual Economists Worth Paying Respect to. But Is Economics Worth Paying Respect to?  – Brad DeLong (in a word, no) US coal output forecast to fall despite Trump revival efforts Financial Times Americas Unemployment is low only because ’involuntary’ part-time work is

54

More Australia Day Weekend Links: 28 January 2019

The Flood of the Darling 1890, W.C. Piguenit, 1895, Art Gallery of NSW   Tomorrows links up a tad early due to 600 plus comments on the weekend links…..   Macro Markets & Investing The World Economy Just Can’t Escape Its Low-Growth, Low-Inflation Rut – NY Times The growing problem that could lead the world

681

Australia Day Long Weekend Links: 26-28 January 2019

Global Macro / Markets / Investing: Einhorn’s Greenlight Hit by Investor Redemptions – WSJ Ray Dalio’s Hedge Fund Dumped By Tiny County Fed Up By Fees Sapping Return – Bloomberg George Soros: The AI Threat to Open Societies – Project Syndicate Hedge fund prepares proxy fight to oust board at embattled PG&E – Reuters Record

21

Links 25 January 2019

Global Macro / Markets / Investing: How Elon Musk’s secretive foundation hands out his billions – The Guardian Amazon debuts its adorable delivery robot called Scout – CNBC The Global Boom, Barely Begun, May Be Over – WSJ Tesla slashed Model S and X staff in recent layoffs – CNBC Despite Bitcoin’s Dive, a Former Soviet

18

Links 24 January 2019

Global Macro / Markets / Investing: The super rich at Davos are scared of Alexandria Ocasio-Cortez’s proposal to hike taxes on the wealthy – CNBC Alexandria Ocasio-Cortez’s Tax Hike Idea Is Not About Soaking the Rich – NY Times Chilling Davos: A Bleak Warning on Global Division and Debt – NY Times Corporate America Is

51

Links 23 January 2019

Global Macro / Markets / Investing: World’s 26 richest people own as much as poorest 50%, says Oxfam – The Guardian The top 26 billionaires are as wealthy as 3.8 billion people – CNN Make No Mistake, Davos, the Fat Cat Backlash Is Coming – Bloomberg Davos Billionaires Keep Getting Richer – Bloomberg Debt machine:

39

Links 22 January 2019

Global Macro / Markets / Investing: Davos Billionaires Keep Getting Richer – Bloomberg Advocates of an open economy face rough road – FT Disney is already losing over $1 billion in streaming, and its Netflix competitor has yet to launch – CNBC ’The goal is to automate us’: welcome to the age of surveillance capitalism

26

Links 21 January 2019

  Macro & Markets The world favors immigration and working with other countries, WEF report claims – CNBC…a WEF report would… Why the Quants Aren’t Adding Up – Bloomberg China offers 6-year plan to boost US imports and erase imbalance – Nikkei Asian Review ‘Bear Market’ Is an Arbitrary Label, but Using It Can Hurt

558

Weekend Links 19-20 January, 2019

Short man with two dogs, Linda Marrinon, 1990, Art Gallery of NSW   Americas Trump Pulls U.S. Delegation Out of Davos Forum, Citing Shutdown – Bloomberg Shutdown clouds outlook for consumer-driven U.S. economic growth – Reuters Chinese ambassador Lu Shaye warns ‘back-stabbing’ Canada to stop rallying allies in row over detainees – SCMP Trump Vows

37

Links 18 January 2019

Global Macro / Markets / Investing: It’s Official: Wall Street Topped $100 Billion in Profit – Bloomberg The Marijuana Billionaire Who Doesn’t Smoke Weed – Fortune BlackRock profit misses as investors opt out of expensive funds – Reuters Why do we bother with stock market forecasts? – Irish Times Cracks are opening in the global

17

Links 17 January 2019

Global Macro / Markets / Investing: Tariffs are ineffective as well as counterproductive – The Economist Are We Living Through Climate Change’s Worst-Case Scenario? – The Atlantic New Zealand Crypto Exchange Cryptopia Goes Offline Citing Hack – Coin Desk Doing a Buffett? Bet on S&P 500 causes flap on options market – Reuters Warning to

30

Links 16 January 2019

Global Macro / Markets / Investing: Doing a Buffett? Bet on S&P 500 causes flap on options market – Reuters Cracks are opening in the global monetary system – FT Ivanka Trump to Help Select Nominee for World Bank President – WSJ 2019: The End of the Beginning for Blockchain? – CFO Electric Vehicles Are

21

Links 15 January 2019

Global Macro / Markets / Investing: GAM, Schroders and BlackRock hedge funds among worst performers in 2018 – FT Wall Street Struggles With the Bad Kind of Volatility – WSJ ‘Bad bets’ see Bill Gross’s Janus Henderson fund fall below $1bn – FT Are Market Moves Happening Faster? – A Wealth of Commonsense Americas: It’s

35

Links 14 January 2018

Global Macro / Markets / Investing: Ivanka Trump is reportedly under consideration to lead The World Bank – Business Insider Vanguard Won’t Let Investors Trade These Popular—but Controversial—Products – WSJ What Amazon’s Rise to No. 1 Says About the Stock Market – WSJ The Era Of Easy Recycling May Be Coming To An End –

568

Weekend Links 12-13 January 2019

Digital art by Joon Ahn Global Macro/Markets The Folly of Investment Platforms  – Bloomberg How the Fed Can Engineer a Soft Landing in the Economy – Bloomberg Recessions never happen when they’re expected, so investors should hold their nerve – SCMP World’s Oceans Are Warming Faster, Studies Show, Fueling Storms and Sea Rise – Insideclimatenews Americas Shutdown hits

38

Links 11 January 2019

Global Macro/Markets No Bank Failures in 2018; First Time since 2006  – Calculated Risk Should You Fear the Yield Curve? – Wall Street Journal Delusions – The Reformed Broker Forecasting the Investing Habits of the Millennial Generation – Visual Capitalist Fitch sends U.S. triple-A rating warning – Reuters Americas A beefed-up White House legal team prepares aggressive defense of

42

Links 10 January 2019

Global Macro/Markets Even Bond Traders Don’t Believe This Rally – Bloomberg Aluminum Is the Market to Watch Closely in 2019 – Bloomberg China, Russia and EU edge away from petrodollar – Nikkei Asian Review Americas Trump Cites Misleading Statistics of Crisis and Crime Along Border in New Appeal for Wall – New York Times U.S. Deploys

24

Links 9 January 2019

Global Macro/Markets Washington downgrades EU mission to US – DW.COM Nellie Liang Withdraws From Consideration for Fed Board Seat – Wall Street Journal 10 Major Trends Driving Banking in 2019: Banking’s Evolution Accelerates – Forbes World Bank president resigns, paving the way for a Trump appointee at the helm of this global lender – NBCNews Americas Mick Mulvaney is

16

Links 8 January 2019

Global Macro/Markets Bridgewater’s Pure Alpha ends 2018 with 14.6 pct gain -source – Reuters Double Whammy: High-Fee Mutual Funds Do Worse – Wall Street Journal Economic worries hang over U.S.-China talks – Politico Krugman on optimal taxes – The Grumpy Economist World unprepared for slowdown, says IMF’s Lipton – Financial Times Americas As shutdown drags on, Trump officials make new

13

Links 7 January 2019

Macro/Markets The Economics of Soaking the Rich – New York Times American Economic Association: How Can Economics Solve Its Gender Problem? – American Economic Association Fed Chairman Powell to Markets: I Hear You – New York Times History has some troubling lessons on bear markets – Financial Times Apple Beware: Samsung’s Great Fall in China Was Swift – Wall Street

423

Weekend Links 5-6 January 2019

Artist : Jeffrey Smart (Australia, b.1921) Macro/Markets What the market forgot about Trump: The fiscal boost was temporary, but the chaos was permanent – Marketwatch Investors pile into money market funds amid market turmoil – Financial Times Last Month, Investors Seemed Too Pessimistic. Now, They Seem Prescient.– New York Times Google shifted $23 billion to tax haven

66

Links 4 January 2019

Macro/Markets Investors Are Betting That the Fed Hits Pause on Rate Hikes Wall Street Journal Yanis Varoufakis | The Euro Has Never Been More Problematic YouTube The World Is Getting Quietly, Relentlessly Better Wall Street Journal Asset Management’s Squeezed Middle Faces a Bleak 2019 Wall Street Journal Apple warns on Q1 results CNBC Americas Trump-loving economist caught red-handed ’making up