China’s Monetary Conundrum
Attention Economy
Wednesday, May 31, 2017
Printers, Cartridges and a Momentous Supreme Court Ruling
How a Supreme Court ruling on printer cartridges changes what it means
to buy almost anything
“Last week, the
Supreme Court dealt a major blow to corporations that try to use patent law as
a weapon against other firms, saying that companies can only be sued for patent
infringement in the places they actually do business.
Now, the Court has
ruled again along those same lines, handing a victory to consumer groups in a
case about printer cartridges — or more specifically, toner cartridges, the
kind used by laserjet printers. The case has huge implications for the way we
think about technology ownership in America, and your rights as a user”
Tuesday, May 30, 2017
Monday, May 29, 2017
Technological Progress and Future Economic Growth
A timely piece from Satyajit Das:
Das wisely observes –
“Most new
technologies have significant benefits but don't radically reshape the modes of
doing things. A driverless or electric automobile is just a new type of car. It
isn't the quantum leap that motorized transport was over its animal-powered
predecessors. Email improves the speed of communication but it isn't as radical
as the advent of telephony. Platforms such as EBay Inc., Uber Technologies Inc.
and Airbnb Inc. are merely new marketplaces matching buyers and sellers. Big
data is just a more sophisticated way to handle information and statistical
analysis.”
Brexit and the British Economy
Why ‘Brexit’ Will Make Britain’s Mediocre
Economy Worse by SIMON TILFORD
https://www.nytimes.com/2017/05/29/opinion/britain-brexit-economy.html
Related:
My paper on Brexit
Housing Debt and Government Subsidies
Harvard’s Jeffrey Frankel - The Case Against Subsidizing Housing Debt
https://www.project-syndicate.org/print/case-against-subsidizing-housing-debt-by-jeffrey-frankel-2017-05China and the Global Economy
Yale economist Stephen Roach's take on China’s economic
future
FT asks - Is
China’s economy turning Japanese?
Chinese Investment in Sri Lanka – A Debt Trap?
China’s Ill, and Wealthy, Look Abroad for
Medical Treatment by SUI-LEE WEE
China’s ‘New Silk Road’ strategy
https://www.bloomberg.com/view/articles/2017-05-24/the-boosterism-behind-china-s-silk-road-storySunday, May 28, 2017
Europe Reconsiders its International Role
Germany’s Rethinks its Foreign Policy Strategy
Liberal Values vs. Populism
Friday, May 26, 2017
Thursday, May 25, 2017
TRADE AND PRODUCTIVITY
Trade with China boosted productivity in advanced
economies:
https://blogs.imf.org/2017/05/24/how-trade-with-china-boosts-productivity/Two Great Interviews – Raj Chetty and Paul Krugman
Two great interviews of leading economists -
Stanford economist Raj Chetty interviewed by Tyler Cowen
Nobel Laureate Paul Krugman interviewed by David Beckworth
Brazil’s Latest Corruption Scandal
Brazil's
"Operation Car Wash" involves billions in bribes, scores of
politicians
http://www.cbsnews.com/news/brazil-operation-car-wash-involves-billions-in-bribes-scores-of-politicians/Quants and the Efficient Market Theory
Interesting piece from
The Economist:
Related: Machine
Learning in Finance
Wednesday, May 24, 2017
Economics - Interesting Items for Economists
Noted Stanford economist Raj Chetty is interviewed by Tyler
Cowen
Bernanke on Japan’s Monetary Policy - Interesting piece from
the former Fed Chair
https://www.brookings.edu/blog/ben-bernanke/2017/05/23/some-reflections-on-japanese-monetary-policy/
Taxes and Economic Growth
https://www.nytimes.com/2017/05/23/business/economy/trump-budget-tax-cuts-economic-growth.html
https://www.bloomberg.com/view/articles/2017-03-15/republicans-keep-repeating-the-same-tax-mistake
High Healthcare Costs - A Simple Fix
http://www.newyorker.com/magazine/2017/05/29/a-bipartisan-way-to-improve-medical-care
https://www.bloomberg.com/view/articles/2017-03-15/republicans-keep-repeating-the-same-tax-mistake
High Healthcare Costs - A Simple Fix
http://www.newyorker.com/magazine/2017/05/29/a-bipartisan-way-to-improve-medical-care
Labels:
Economics,
Fiscal Policy,
Global Economy,
Monetary Policy,
Politics,
US Economy
Tuesday, May 23, 2017
Economic Openness in the 21st Century
Nobel Laureate Mike Spence on Economic Openness
https://www.project-syndicate.org/commentary/open-economies-and-structural-reform-by-michael-spence-2017-05The Middle East Mess and Lessons in Foreign Policy
Roger Cohen’s brilliant column in the NYTIMES should be
required reading for anyone interested in understanding the world’s most
dangerous region:
Related:
[MUST READ] - Smart commentary from Reuters:
Unhealthy Preference for Strongman Leaders Abroad
https://www.project-syndicate.org/commentary/trump-abandons-human-rights-promotion-by-aryeh-neier-2017-05Unemployment Rate and Inflation Rate – The Missing Link
Interesting piece from Bloomberg BusinessWeek
https://www.bloomberg.com/news/articles/2017-05-19/unemployment-in-the-u-s-is-falling-so-why-isn-t-pay-risingTechnology Giants and Tech Users
Google now knows when its users go to the
store and buy stuff
Washington Post article notes:
“Google has begun
using billions of credit card transaction records to prove that its online ads
are prompting people to make purchases – even when they happen offline in
brick-and-mortar stores, the company said Tuesday.
The advance allows
Google to determine how many sales have been generated by digital ad campaigns,
a goal that industry insiders have long described as “the holy grail” of online
advertising. But the announcement also renewed long-standing privacy complaints
about how the company uses personal information.”
Expectations and the Macroeconomy
Yale economist and Nobel Laureate Robert Shiller’s
intersting hypothesis:
https://www.theguardian.com/business/2017/may/23/the-economy-is-stagnant-because-people-fear-for-the-future
“My own theory about today’s stagnation focuses on growing angst about rapid advances in technologies that could eventually replace many or most of our jobs, possibly fueling massive economic inequality. People might be increasingly reluctant to spend today because they have vague fears about their long-term employability – fears that may not be uppermost in their minds when they answer consumer confidence surveys. If that is the case, they might increasingly need stimulus in the form of low interest rates to keep them spending.”
“My own theory about today’s stagnation focuses on growing angst about rapid advances in technologies that could eventually replace many or most of our jobs, possibly fueling massive economic inequality. People might be increasingly reluctant to spend today because they have vague fears about their long-term employability – fears that may not be uppermost in their minds when they answer consumer confidence surveys. If that is the case, they might increasingly need stimulus in the form of low interest rates to keep them spending.”
Monday, May 22, 2017
Bitcoin Bubble?
Extraordinary surge in Bitcoin value:
Interesting fact noted in the CNBC piece –
“If you bought $100
of bitcoin at the 0.003 cent price on May 22, 2010, you'd now be sitting on
around $75 million.”
Related:
Global MBA Rankings from FT
2017 Financial Times Rankings of MBA Programs Worldwide:
https://www.ft.com/content/69a61dd4-d9be-11e6-944b-e7eb37a6aa8eModern Finance - Quants and FINTECH
WSJ - The Quants Run Wall Street Now
Related:
[VIDEO] - Interesting conversation between Harvard's
Larry Summers and Princeton's Markus Brunnermeier
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