Financial Times

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Robert Lustig on the science behind our addictions

The hacking of the American Mind – by Robert H. Lustig<p><i>Alphachat is available on Acast, iTunes and Stitcher.</i><p><b>Long form recommendations:</b> <br>The hacking of …

Markets (UK)

Taxi for Uber

Uber

Snap Rabblefest

Regular readers of Markets Live should already have this date and venue in the diary: <b>6pm, Wednesday Sept 27th, Bleeding Heart Tavern, Greville</b> …

Markets

Further Reading

<b>Elsewhere on Friday,</b><p>— Does the Fed believe in secular stagnation?<p>— A food assistance program in Mexico yields insights about a universal basic income.<p>…

Sherlock Holmes

Opening Quote: Saga takes a dip

Saga takes a dip. FT <i>Opening Quote</i> is your early Square Mile briefing. You can sign up for the full newsletter here.<p><b>Saga</b>, the travel and insurance …

Economy

Leveraged insider buying – a supercharged signal (or an executive-grade compulsion)?

<i>The following is not for widows nor orphans…</i><p>Three years ago, in the autumn of 2014, a London-listed company called IQE put out a statement detailing …

Markets

People go for subsidised services, who knew!?

Deliveroo’s 2016 company accounts filed this week reveal…<p>…. a 12-month loss of *£132.7m vs £30m lost a year earlier.<p>The positive spin is focuses on …

The Fed’s forecasts imply a tough (recessionary?) 2020

I think it’s a myth that expansions die of old age. I do not think that they die of old age.<p>–Janet Yellen, December 16 2015<p>The Federal Reserve …

Unemployment

Further reading

<b>Elsewhere on Thursday,</b><p>– The harm of high housing costs.<p>– Early bitcoin developer who worked with Satoshi laments the “billions of dollars of scams …

Icos

Macro Live, Yellen presser special edition starting at 2:20pm EST

Matt Klein and I will be hosting a special edition of Markets Live to cover Janet Yellen’s press conference following the release of the new FOMC …

Economy

Further reading

<b>Elsewhere on Wednesday</b><p>– E-Coin was not like “real cryptocurrencies” and thus got shut down for being fake.<p>– Just 4 per cent own over 95 per cent of …

Qatar

Opening Quote: Kingfisher’s transformation is not so fluent

Kingfisher’s transformation is not so fluent. FT <i>Opening Quote,</i> with commentary by <b>Matthew Vincent</b>, is your early Square Mile briefing. You can sign up …

Guest post: Central Bank Quantitative Easing as an Emerging Political Liability

<i>In this guest post, Victor Xing of Kekselias looks at how central banks are dealing with the distributional effects of their policies.</i><p>While officials …

Economy

Going off gold did the opposite of what many people think

Imagine you can choose between living in two kinds of societies:<p>Dynamic world prone to wild swings and big crashes, but ultimately more growth in the …

Where we’re going, we don’t need profits

Simply put, earnings no longer reliably reflect changes in corporate value and are thus an inadequate driver of investment analysis.– Profs Feng Gu …

Test

The public markets aren’t nearly broken enough

Have you heard? Going public causes “brain damage”. That’s according to Chamath Palihapitiya, a venture capitalist who has launched a $600m ‘blank …

Markets (UK)

Opening Quote: Ocado grows as it waits for more deals

Ocado grows as it waits for more deals. FT <i>Opening Quote,</i> with commentary by <b>Matthew Vincent</b>, is your early Square Mile briefing. You can sign up for …

Further reading

<b>Elsewhere on Tuesday,</b><p>— The stresses and strains of building an iconic legacy business.<p>— Toyz Is Bust<p>— Gone camping<p>— Robert Pera returns to earth. …

What is ‘Utility Settlement Coin’ really?

While the BIS report on cryptocurrencies released Sunday offered little in the way of new thinking about the topic, it did provide this intriguing …

Public Sector

BIS hones in on the paradox at the heart of central bank cryptocurrencies

The latest BIS quarterly report just out looks at the topic of cryptocurrencies, and in particular that of central bank cryptocurrencies. There’s not …

Bitcoin

Opening Quote: Petra’s debt takes sparkle off record production

Petra’s debt takes sparkle off record production. FT <i>Opening Quote,</i> with commentary by <b>Matthew Vincent</b>, is your early Square Mile briefing. You can …

Markets

Further reading

<b>Elsewhere on Monday,</b><p>– Canada’s precious bodily fluid imports.<p>– Is California punishes the poor through traffic violations?<p>– What is great about …

Markets

Beyond peak oil

The last decade has seen a significant change in the terms of the debate around the concept of “peak oil”. Ten years ago the focus was on when oil …

Oil

American growth pessimism may be overdone

One of the failings of many market economists (and I plead guilty) is that we spend far too much time focused on the business cycle, and far too …

Economics

Thought for the weekend

But according to one staffer at the newspaper, Osborne has told more than one person that he will not rest until she “is chopped up in bags in my …

Target2 balances reflect euro area’s potential to be better than traditional exchange rate peg regime

I have a confession to make: for many years, I never felt comfortable talking about Target2 balances. Recently, however, I’ve come to think I …

Economy

Will the Fed’s balance sheet reduction avoid another taper tantrum?

The Fed has offered some idea of how it will start reducing the size of its balance sheet, but there’s no way to anticipate how or when it will …

Economy

Podcast: the economic impact of immigration

Podcasting

Crypto tethers as the new eurodollars

Once upon a time, eurodollars were dollar-like liabilities issued by non-US entities outside of the reach of regulations that usually govern …

Bitcoin