Elsewhere on Monday, – Matt Taibbi pulls no punches: “The only thing that could get in the way of real change – if not now, then surely very soon – was a rebellion so maladroit, ill-conceived and irresponsible that even the severest critics of the system would become zealots for the status quo.” – Matt Levine: Goldman’s Libya derivatives were fine. – Gavyn Davies: Will Brexit cause a sterling crisis? – The increased cost of stuff after Brexit. – SWL: “If we wanted to cut the City down to size, we didn’t have to achieve this using Brexit.” – And relatedly from Frances Coppola: “Brexit will determine the behaviour of every UK metric for the foreseeable future.” – Why distrust data? Claudia Sahm on the disturbing idea that “48% of Trump supporters ‘completely distrust the economic data reported by the federal government’ including unemployment, spending, jobs.” – New evidence from the Fed on the effects of mergers on market power and efficiency. – Historical echoes: The bank teller action figure, or it’s all in the packaging. – Today in Wall St spirituality: “In the journey of life, don’t we want to be long-call options?” – Reclaiming “neoliberal”. – Drone smog from Uber: “Drivers stuck in traffic in Mexico City lately have found themselves being buzzed by a fleet of sign-toting drones.” – Technical analysis, now being used to *cough* analyse polling.
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