Fareed Zakaria - 2026 Commencement Address at Bard College
https://youtu.be/w8e35VtDMF8?si=WYll1ixws83dVemn&t=205
https://youtu.be/w8e35VtDMF8?si=WYll1ixws83dVemn&t=205
Economics and International Affairs Blog
A politically independent blog by Vivekanand Jayakumar
Tuesday, June 16, 2026
AI Bubble versus Dot-Com Bubble
The AI bubble could be worse than the dot-com bust by Vivekanand Jayakumar, The Hill - 06/16/26
https://thehill.com/opinion/finance/5925202-tech-bubble-ai-driven-growth/
https://thehill.com/opinion/finance/5925202-tech-bubble-ai-driven-growth/
Related:
In its first few days of trading, Elon Musk’s newly listed rocket maker has vaulted into the world’s top five most valuable companies.
https://www.nytimes.com/2026/06/16/business/spacex-market-value-ranking.html
In its first few days of trading, Elon Musk’s newly listed rocket maker has vaulted into the world’s top five most valuable companies.
https://www.nytimes.com/2026/06/16/business/spacex-market-value-ranking.html
Mega I.P.O. Frenzy Could Be a Harbinger of a Stock Bubble
https://www.nytimes.com/2026/06/13/business/spacex-ipo-musk-stock-bubble.html
Rampant enthusiasm is buoying tech shares to levels that defy gravity. Invest with caution, our columnist says.
https://www.nytimes.com/2026/06/13/business/spacex-ipo-musk-stock-bubble.html
Rampant enthusiasm is buoying tech shares to levels that defy gravity. Invest with caution, our columnist says.
AI Boom Goes Global
It’s Not Just Nvidia. The A.I. Boom Has Ignited Asia’s Chip Companies.
https://www.nytimes.com/2026/06/16/technology/taiwan-south-korea-ai-chips.html
They make much of the gear that goes into giant data centers. Demand for their products is shifting the balance of tech power.
https://www.nytimes.com/2026/06/16/technology/taiwan-south-korea-ai-chips.html
They make much of the gear that goes into giant data centers. Demand for their products is shifting the balance of tech power.
Equity Investing: End of an Era?
The era of pure passive investing is over by Stephanie Guild
https://www.reuters.com/commentary/reuters-open-interest/era-pure-passive-investing-is-over-2026-06-16/
For much of the past four decades, investing in equities seemed pretty simple. Interest rates trended lower, corporate taxes declined and globalization expanded. Those forces lifted valuations broadly, muting the consequences of individual company decisions. You just had to be invested. That time appears to be over.
https://www.reuters.com/commentary/reuters-open-interest/era-pure-passive-investing-is-over-2026-06-16/
For much of the past four decades, investing in equities seemed pretty simple. Interest rates trended lower, corporate taxes declined and globalization expanded. Those forces lifted valuations broadly, muting the consequences of individual company decisions. You just had to be invested. That time appears to be over.
Rethinking Fed Communications
Kevin Warsh Wants the Fed to Stop Explaining Everything
https://www.wsj.com/economy/central-banking/fed-warsh-chair-communication-d2f2d226
For decades, the central bank believed talking openly made its policy work better. Its new chairman believes the opposite.
https://www.wsj.com/economy/central-banking/fed-warsh-chair-communication-d2f2d226
For decades, the central bank believed talking openly made its policy work better. Its new chairman believes the opposite.
The Fed Has Been Honest and Stupid
https://www.project-syndicate.org/commentary/how-the-fed-can-improve-itself-under-kevin-warsh-by-todd-g-buchholz-2026-06
It would be easy—and a mistake—to blame the US Federal Reserve’s many blunders on corrupt bureaucrats or imagined conspiracies. The truth of the matter is that the central bank relies on an outdated regional map and lagging indicators that no longer tell the whole story, while battling macroeconomic blazes that politicians stoke.
https://www.project-syndicate.org/commentary/how-the-fed-can-improve-itself-under-kevin-warsh-by-todd-g-buchholz-2026-06
It would be easy—and a mistake—to blame the US Federal Reserve’s many blunders on corrupt bureaucrats or imagined conspiracies. The truth of the matter is that the central bank relies on an outdated regional map and lagging indicators that no longer tell the whole story, while battling macroeconomic blazes that politicians stoke.
Gold Repatriation
Central banks repatriate gold as global insecurity rises
https://www.ft.com/content/c7164737-2988-4f1c-aba4-244bda4844c7
Conflict, sanctions and decline in trust have made the institutions more cautious about storing bullion in other countries.
https://www.ft.com/content/c7164737-2988-4f1c-aba4-244bda4844c7
Conflict, sanctions and decline in trust have made the institutions more cautious about storing bullion in other countries.
Manchester's Economic Revival
Manchesterism is not socialism
https://www.newstatesman.com/politics/economy/2026/06/manchesterism-is-not-socialism
Andy Burnham’s city is a neoliberal metropolis.
https://www.newstatesman.com/politics/economy/2026/06/manchesterism-is-not-socialism
Andy Burnham’s city is a neoliberal metropolis.
Manchester is a triumph of private enterprise
https://www.ft.com/content/87e4c899-5055-4a4d-841b-c7e9b0c319a6
‘Soft left’ Labour MPs backing Andy Burnham might have learned the wrong lessons from the city’s revival.
https://www.ft.com/content/87e4c899-5055-4a4d-841b-c7e9b0c319a6
‘Soft left’ Labour MPs backing Andy Burnham might have learned the wrong lessons from the city’s revival.
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