Jason Furman explains why politics is a nasty business.
By: Matthew C Klein
Elsewhere on Monday…
By: Paul Murphy
Normalization, sleep, Warren Buffet, constitutions and more…
By: Kadhim Shubber
No, it’s not a real territorial tax system.
By: Alexandra Scaggs
Democracy for thee but not for me (and my friend).
By: Sujeet Indap
Elsewhere on Monday, — Projected evolution of the Fed’s balance sheet (FEDS Notes)
By: Cardiff Garcia
Chronicling the start of the balance sheet unwind…
You’d think economies freed from “golden fetters” would have less economic volatility and lower risk of catastrope. And yet…
Systematically mismeasuring assets and liabilities is no way to go through life.
Live markets commentary from FT.com
Withdrawal form the Paris climate deal led to three resignations, but none thus far after Trump’s response to Charlottesville.
Stupid stuff Elon Musk says; the twin ideological cancer in America; why Japan is not different; plus much more…
By: Izabella Kaminska
Bye bye, Moochy.
Please stop talking about the Vix so much; Krugman on the Heritage health care plan of 1989; the Democratic Party’s deep state; Uber’s CEO search continues; the year of the goat; other stuff.
By: David Keohane
The Mooch went on a leak hunt and things got a bit nuts; trend and carry everywhere; maritime insurance; Jamaican lottery frauds; Mongolian shaman and mining booms; other stuff.
What’s driving the global expansion; Uber vs FedEx; Jared Kushner for Fed chair; sell gold; the remaking of Trump; the library of heaven; other stuff.
An American central banker should know better.
It sometimes seems as if the only people who mention the man’s name in public have no idea what they’re talking about.
Uber… obviously; Haldane; how long was China communist; Miranda Kerr, the finance angle; gangs of aggressive killer whales are shaking down Alaska fishing boats for their fish; other stuff.
The bounty hunter of Wall St; summing up Noahpinion’s thoughts on macroeconomics; expiring vs long term knowledge; some Macron bond trades; a palladium short squeeze; some Indian macro stuff; AI timelines; other stuff.
Are finance types really going to make us fight this battle for the rest of our careers?
Nate Silver on UK polling; Bernanke talks to Vox; Damodaran on the divide in markets; Akon considers IPO of Chinese-funded African solar unit; poll dancing as a job perk; shorts with pulled up socks are back; other stuff.
Ray Dalio’s updated thoughts on Trump and China; betting against history; the legend of spoofing; do central banks care about their profits; “The Most Interesting Man in the World” is friends with Obama; other stuff.
If the Forgotten Man had the imagination–or whatever–he wouldn’t have been forgotten in the first place.
By: FT Alphaville
A dove turns cautious, but not enough to signal a big change
Jon Corzine decides to start managing money again; Ackman backs Ackman; the potential of a euro-area finance minister; Basquiat’s powerful 1982 painting of a skull brought $110.5m at Sotheby’s; you can finally go falconning in your Bentley; other stuff.
The US only has one liquid prediction market, and it’s sceptical Trump will make it through 2018.
Right now, USD positions are “difficult to quantify in a rational manner.”