2014

Money supply and LEI in the US are pointing down Fed hawkishness is increasing Credit excesses continue in high yield

Belarus plans to bring back serfdom – beyondbrics - Blogs - FT.com Dish Network to Accept Bitcoin Payments - WSJ Hard-hit Spain is turning the corner | South China Morning Post US money slump flashes warnings as economy contracts -…

US GDP fell 1.0% in Q1 2014 according to the revised estimate released by the the US Bureau of Economic Analysis. A sharp downward revision was expected but this revision was unusually sharp and calls into question the continuing meme that…

By Michael Pettis It might seem almost churlish to wonder what would happen if Spain were to leave the euro. The official European position is that the battle of the euro has been pretty much won, and anyone who argues otherwise will be…

Russia forges huge economic bloc with Kazakhstan and Belarus | Reuters Spanish economy posts third straight quarter of growth - Independent.ie The internet of things — Benedict Evans Uber CEO: We're in a Political Battle with an…

Today’s commentary provides a few quick hits on some topics I am seeing in the technology space. After a horrible drying up of liquidity after the technology bubble burst 14 years ago, we have seen a resurgence of the technology space over…

Gwyneth Paltrow Talks About Goop, Celebrity, Trolls at Code Conference | Re/code Facebook Seeks EU Antitrust Review of WhatsApp Deal - WSJ.com China Is Projected to Overtake the U.S. in Mobile Revenue - Digits - WSJ Rising Household…

I’m back after the long weekend here in the US with a short post. Having pointed to the excesses in US credit markets on Friday, I should point out that the real economy in the US is doing pretty well at the moment. Markets can continue to…

Recently I have been giving 20 headlines for links. Since I have not done links for a number of days, I am doing 30 today. Microsoft Surface Pro 3 review | The Verge Apple reportedly will pay ISPs for direct network connections | Ars…

There are widespread signs of credit market froth. This is a telltale sign of top of the cycle or near top of the cycle excess. Think 2005, 2006 or 2007. The key bit here is that credit markets transmit distress in a way that equity markets…