Thursday, June 30, 2016

Boris “Just Kidding” Johnson Outlines His Rainbows and Unicorns Brexit Plan

Boris Johnson is now the most hated person in the Western world.

Mathew D. Rose: Brexit – Land of Hope and Glory

Why the vote for Brexit is the best thing that has happened to European society for decades.

Private Equity Expert/Reformer Opposes California Treasurer Chiang’s Now-Phony “Fee Transparency” Bill

A key private equity reformer weighs in against the current version of California Treasurer Chiang’s fatally weakened transparency bill.

Rebalancing, Wealth Transfers, and the Growth of Chinese Debt

By Michael Pettis, a Senior Associate at the Carnegie Endowment for International Peace and a finance professor at Peking University’s Guanghua School of Management. Cross posted from China Financial Markets. For the past ten years much of what I have written about debt in China was aimed mainly at trying to convince analysts and policymakers […]

Links 6/26/16

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Brexit: Fear, Loathing, and Anger on Both Sides of the Channel

Politicians in the UK and the EU are virtually at each other’s throats over Brexit.

Trade Invoicing in Major Currencies in the 1970S-1990S: Lessons for Renminbi Internationalisation

China’s authorities have been promoting the renminbi as an international currency for international trade, investment, and finance. This column examines the experiences of the dollar, yen, and deutschmark from the 1970s to the 1990s. As long as China’s neighbouring economies keep using the dollar for international trade and financial activities, the rise of the renminbi as a trade invoicing currency may be as fast as the rise of China itself

Links 6/25/16

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Brexit: Pulling the Signal Out of the Noise

Getting a better picture on Brexit: the underlying class and economic stresses and how that might play into what happens next.

MIchael Hudson: The Slow Crash

Michael Hudson discusses some of his favorite themes; debt deflation, the high cost of consumer debt, negative interest rates.

2:00PM Water Cooler 6/24/2016

Today’s Water Cooler: Campaigns on Brexit, Jon Ralston gets his, House “sit-in”, Nooners on Trump, durable goods, yield curve, the Nostromo

California Treasurer Chiang’s Private Equity Transparency Three Card Monte

California Treasurer John Chiang promised landmark private equity transparency but instead acted as a stooge of the private equity industry and failed to stand up to captured public pension funds.

The Sterling Depreciation of 2007-2008 and Its Implications for Brexit

The unexpected impact of the fall in sterling in 2007-2008 suggests Brexit could produce a drastic drop in UK living standards.

Links 6/24/16

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Brexit: The Crisis Begins

The Brexit vote was a stunning repudiation of neoliberalism and austerity. But what comes next?