2014

As I write this, Twitter is going berserk with news of Malaysian Airlines Flight 17 from Amsterdam to Kuala Lumpur with 280 passengers and 15 crew having gone down in Ukrainian airspace. There is video and photo footage of the wreckage. And…

How Russian Hackers Stole the Nasdaq - Businessweek Here’s why your Comcast rep is yelling at you | The Verge Popular Bitcoin Mining Pool Promises To Restrict Its Compute Power To Prevent Feared Fiasco | TechCrunch Netflix to FCC:…

Michael Pettis has a good piece on debt and credit that I ran on the blog this morning. His thoughts on loss socialization are important not just in the context of China but also of other markets like Europe, the US, Canada and Australia…

Burgeoning debt in China was not an unlucky accident. It is fundamental to the way the growth model works. We coming closer to the 'Minsky Moment', in which the system requires an acceleration in credit growth simply to maintain existing…

Earlier today, I had an interesting back and forth on Twitter with Edward Hugh, Claus Vistesen and Matthew Lynn about Europe and the ECB. I think we all believe there is more pain to come for Europe and likely there will be writedowns. But…

Miami, the great world city, is drowning while the powers that be look away | World news | The Observer UK wages can't rise unless we solve the productivity puzzle | Business | theguardian.com The Good, the Bad and the Ugly | Capital City…

Happy post-World Cup to you all. I missed my Friday catch-all post because I was out sick. So I am going to play catch-up today with a few thoughts on various topics. The BIS Let’s start with the BIS. In general, I defend the BIS view…

Thirty links today instead of twenty The Password Is Finally Dying. Here's Mine - WSJ Bank for International Settlements fears fresh Lehman crisis from worldwide debt surge - Telegraph Euro-Zone Industrial Production Slumped in…

Last week, I wrote a fairly comprehensive piece laying out some of the macro issues around the Fed and other central banks’ ultra-easy monetary policy. The gist of that piece was that, due to the political economy, monetary policy is now…

Today’s links will have a double allocation since I was unable to post yesterday. Block 1 Halifax: UK house prices show little sign of slowing down - Telegraph Chinese Buyers Scooped Up $22 Billion Worth of U.S. Homes In the Last Year…