David KeohaneRead Biography
Gavyn Davies on how Trump might reshape the Fed; DeLong vs Rodrik; the BoE on economic uncertainty in the euro-area; liquidity transformation and open-ended funds; deviations from covered interest rate parity refuse to go away; Balding continues his look at the possibilities of a Chinese financial crisis, and the who’s who of China’s leading small groups; decoding India’s low tax base conundrum; frontrun the world’s manufacturing caravans; shorting US malls; a longread on 4chan; a college course on calling out scientific crap; “Alien particles from outer space are wreaking low-grade havoc on personal electronic devices”; Venice fights back; on the etiology of f*ckers; other stuff.
Levine: Dole Food had too many shares; “… a club where people pay you as president to spend time in his company is new. It is kind of amazing”; Grantham: ‘Twas capitalism that killed capitalism”; the BoJ and the ‘Piketty problem’; Florida man conspires to blow up Target stores to crash stock; what the HBOS fraud tells us about the state of British banking; training as a binary options salesman for a day; reflecting on one very, very strange year at Uber. And a response from Uber’s boss; Scott Alexander collates comment about his post on cost disease; Isis’s “business model” is on the path to failure; a comparative guide to Russia’s use of force; Texas pimps, in their own words; inside Macedonia’s fake-news complex; citations; other stuff.
Low real interest rates and depression economics, not secular trends; what lettuces tell us about deregulating Britain; the chicken industry might be rigged; NY Fed on the changing US debt picture; when the IMF evaluates the IMF; Italy’s struggle with the euro straitjacket; acting SEC chair is using his temporary powers; central bank goldbug du jour; Carl Icahn vs satire; life in a digital utopia; if you want to be more productive, just sit next to someone who already is; sui generis; other stuff.
Chinese hedge funds have their own private village; Bernanke on the Fed and fiscal policy; Kashkari on making big banks put 20 per cent down; houses as ATMs no longer; Greenwald on the Flynn leakers; Under Armour downgraded after its CEO praises Trump ; why data nerds struggle to gain power at hedge funds; Lloyds of London launch ‘Orwellian’ booze ban; Queens of the stoned age; ‘Cards Against Silicon Valley’; why India obsesses about crimes committed by Bangalore’s techies; why America’s airports suck; where you live & the 50/30/20 Rule; CNN’s Tapper on emerging the journalistic hero of the Trump era; writing, just add coffee; other stuff.
Williamson on the Fed’s balance sheet blues; Beckworth says the monetary superpower is as strong as ever; “first, kill all the economists” is a bit short termist; nickel-and-dime socialism; Amazon’s antitrust paradox; Snap’s Apple strategy; AirBnB wants to spend some of the $3bn it’s sitting on; Lyon, the capital of a Europe in crisis; but you might be better off watching the Netherlands; Der Spiegel on the Daily Mail’s dark worldview; Star Trek superfans take to the high seas; Apple’s first TV show looks like a cry for help; shockingly, Playboy brings back nudity; Donald Trump’s strange handshake style and how Justin Trudeau beat it; other stuff.
The economics of greeting cards; the anatomy of a bull market; Asness on employee stock option accounting silliness; Damodaran on Apple as the greatest cash machine in history; the dangerous myth that China “needs” $2.7tn in reserves; Steve Randy Waldman on opposing Trump; the best place for news about Trump is Mar-a-Lago members’ social-media accounts; Clinton’s ground game didn’t cost her the election; the rise and fall of a senior Washington lobbyist; Batista, acting on advice from a spiritual adviser, tossed about $130,000 worth of gold coins into the Atlantic last year; Steve Schwarzman’s typically low-key 70th birthday party; Google paid people too much to keep them; other stuff.
What happened to Trader Sarao’s money? Scott Alexander on cost disease; Gavyn Davies on the risk of Le Pen; the NYT on the rise of Gary Cohn; sorry, but bad policies pay off, both economically and politically, long before they become toxic; why so many people are convinced that Donald Trump has a master plan; Yellen’s weapon against Wall St deregulation; Bullard knows his yield curve; more on UBIndia; in expensive cities even renters obstruct new housing; when a tenure track professor has to sell his plasma; so you bought a giant pig; emo Trump; other stuff.
The May doctrine; the strong dollar question; Trump’s defense of Ivanka reflects approach that could hurt the economy; a case of mistaken SNAP identity; Marc Cohodes, the scourge of Wall Street, is back; how the Bogle Model beats the Yale Model; Monte dei Paschi is struggling to offload its villas; Infosys founder Murthy “speaks out” on a “concerning drop” in corporate governance; lemon chicken time In Uzbekistan; Oprah sold a Klimt for $150m; the next big blue-collar job is coding; poll finds majority of Americans approve of child labor laws but agree that kids carrying briefcases would be cute; other stuff.
Inside the crash of Fling; shockingly, Lloyd Blankfein said he’d like to operate Goldman with less capital; Citron Research seems to have a strategy for shorting in the Age of Trump; China’s giant ball of speculative cash has rolled into chilli peppers; so… the CEO of Anglo was apparently injured by a buffalo while on holiday; a (not so) short history of the Trump family; the important hacking is done by casinos on the human brain; edible shot glasses, a dignity-stripping pain in the stomach; declaring war on a luxury department store is definitely a change from the status quo; other stuff.
Why Neel Kashkari voted to keep rates steady; Blanchard with a twist on the secular stagnation hypothesis; Tyler Cowen vs Noah Smith on Dodd-Frank reform; Damodaran on divis and buybacks; veil piercing when a sovereign owns the shares, Venezuela edition; Krugman on the Trump bubble; Klarman on Trump; Trump calls General Flynn for advice on the dollar; how lies work; your Steve Bannon reading list; Russians vs slot machines; how to spend your bonus; other stuff.
Bill Gross on happiness and QE addiction; there is a huge difference between knowing how to run a bank and knowing how to run a banking system; Melania Trump’s business plans as FLOTUS; Trump, tech and his Treasury pick; the past, present and possible future of UK incomes; the incomplete theory of the firm; Silicon Valley AIs and red buttons; Hamilton ponzi update; populism vs populism; the lesson of the “Munich Post”; lastritely other stuff.
Dangerous stability threatens America’s banks; Taibbi on extreme vetting, but not for banks; liberals are heading towards a mental breakdown; time for the IMF to get out of Greece; UBI, polled; seven centuries of real estate prices; factor investing is more art, less science; Spotify’s financial troubles; dodgy cruise ship contracts; tautologically dodgy ponzi schemes in India; dodgy markets in harassment, also in India; connectivity and fetishes, a disturbing synergy; other stuff.
The high-tech war on science; dark matter and border tax adjustments; a new Admati paper; America the stuck, and Red state vs Blue city; was Kevin Warsh really a Fed governor; defending CEOs from activists; folks, Snapchat is a digital lifestyle platform; your new hiding desk; other stuff.
Pettis and Krugman on Navarro, the euro and trade; party polarization is endogenous; Damodaran on the light and dark sides of debt; Trump wins by losing a court fight over golf club debt; the short seller who crushed Valeant has picked his next target; India’s budget, now with more war metaphors; fact checking if the queen can legally kill president Trump with a sword; falcons on a plane; parody is dead; other stuff.
Wilbur Ross and the era of billionaire rule; an “astoundingly complex visualization” of Trump’s business ties; some early Gorsuch reading; cash hoarding by asset managers; Jared Bernstein on Brad DeLong’s Vox piece on trade deals and trade; ETFs are like politics, the radical gets normalised; the $2tn woman who is turning around Pimco; helluva lifestyle business you got there; why again does China allow such free social media?; tales of a used clothes salesman; the largest number; other stuff.