BIS annual report; Fed’s third mandate; China capital flight and tourism; Seattle min wage experiment continues; Everyone in a room keeps giving dollars to random others. You’ll never guess what happens next; an Uber for toilets; other stuff.
What happens when Uber cuts discounts is fairly predictable; “no evidence that senior RMBS bankers at top banks suffered from lower job retention, fewer promotions, or worse job opportunities”; in defence of stock splits; Brazil’s Operation Carwash as maybe the biggest corruption scandal in history; today’s the day we’re toppling the capitalist system and starting that class war; other stuff.
ICYMI… covfefe; Summers says ‘secular stagnation’ even truer today; bond vigilante story as an affinity fraud; ratings and hegemony; a NYFed comic about the development of monetary systems and backstops; worlds first multiplayer stock market game using real money; other stuff.
Gavyn Davies on the Fed’s lowflation dilemma; Hunger Bonds; your evolving Bloomberg keyboard; Facebucks; Trump’s coat of arms… replacing the word “Integritas,” Latin for integrity, with “Trump”; a year of Google vs Apple maps; other stuff.
Romer slaughters kittens; hedge fund got bananas bonanza of inside information; moar quants, less jocks; Moon Juice, Brain Dust and whatever other $ sucking innovation is being cooked up right now; teenagers everywhere don’t understand money; other stuff.