Afternoon train reading:

• Softbank’s Son Makes $58 Billion on Alibaba With Buffett-Type Return (Bloomberg) see also What is Alibaba? (WSJ)
• Scoring the wirehouses’ first quarter results (Investment News)
• Vetting Your Sources of Financial Advice (A Wealth of Common Sense)
• America Is About to Get Really Old (The Atlantic)
• Home Sales Topping $100 Million Smash U.S. Price Records (Bloomberg)
• Why Can’t Congress Even Pass an Infrastructure Bill? (The Atlantic)
• Elizabeth Warren’s Smart, Flawed, and Obviously Doomed Plan to Help Student Borrowers (Slate)
• Uh oh, newspapers are looking like attractive investments again (Columbia Journalism Review)
• Twitter’s Marketing Problem (stratechery)
• Tesla Will Break Ground on Multiple Gigafactory Sites — And California Is Now in the Running (Re/Code)

What are you reading?




China’s Economy Surpassing the U.S.? Not anytime soon…

Source: WSJ


Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “10 Thursday PM Reads”

  1. btowers says:

    I’m reading this:

    “Capital” As Seen By An Austrian Economist

  2. willid3 says:

    a new way generate electricity?

    now the really idea place for this. is where politicians gather.

  3. chartist says:

    Geez, I wonder how well that’s gonna sit with China’s leaders: a Japanese guy makes $58 billion off of a Chinese investment!

  4. RW says:

    If you want to understand the macroeconomic effects of private debt then these are your guys.

    Chicago and the Causes of the Great Recession

    We have focused on Chicago just to give one example. The patterns we show here are robust across the country. It is pretty clear that the debt boom and housing collapse are central to explaining the Great Recession (we detail more of the evidence in our new book, now available on Amazon). Can other theories of the cause of the recession explain these patterns? Did neighborhoods on the south and west side of Chicago cut spending because of the collapse of Lehman Brothers? Did these areas suffer because of policy uncertainty? Because monetary policy was too tight? Perhaps these problems exacerbated the recession. But the central role of excessive debt and the housing collapse are immediately obvious in the data.

    NB: Policy errors oten proceed from a misunderstanding of cause and effect as well as the bias of elites: The financial panic was an effect but it was the only one directly and forcefully dealt with by policy. None of the primary causes of the 2007/8 debacle were appropriately addressed, quite the contrary in fact; e.g., debilitating fiscal austerity, failure to pass cramdown legislation, limiting resources for fraud investigation/indictment, etc.

  5. intlacct says:

    Consider yourself warned.

    “Alibaba acknowledged Tuesday that investors could “lose confidence” in the quality of its reported numbers because U.S. regulators haven’t been able to inspect the work of its outside auditor, the Hong Kong affiliate of PricewaterhouseCoopers.

    The Chinese Internet giant mentioned the issue as a risk factor in its filing for what’s anticipated to be one of the largest initial public offerings in history. The company’s statements highlight anew the possibility that Chinese companies could get pulled into a long-running dispute between the U.S. and Chinese governments concerning how much oversight the U.S. should have over the audits and financial reporting of China-based companies that trade on U.S. markets.”