Wednesday , August 23 2017
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Further reading

Summary:
Elsewhere on Wednesday, – Reuters on how China’s biggest bank became ensnared in a sprawling money laundering probe.– Mark Dow on credit spreads and sticker shock:Credit markets aren’t as rich as you might have thought, and in any event, the credit cycle is likely to end around the time the economic cycle in the US turns, irrespective of valuations.– Imagine the next bear market… with examples from the last two.– Arnold Kling: Scarcity of financial intermediation?– From the WSJ, with founder-biased tech IPOs in mind: “S&P said Monday that it would no longer consider companies with multiple share classes for its main U.S. stock indexes.”– Bloomberg longread on Stripe and the two Irish brothers turned tech billionaires.– Miles Kimball urges the senate to not confirm Randal Quarles as the

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David Keohane
(Spending some time as FTAV’s Bombay wallah. Noticeably sweatier but not much else has changed.) David studied economics, politics and journalism before joining the FT in 2011 as a Marjorie Deane fellow. He covered emerging markets, equities and currencies before making the jump over to FT Alphaville in May 2012. In between his degree and masters he wandered into the real world of business where he learnt how to manipulate a spreadsheet and organise meetings where nothing gets decided.

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