Two interesting views on inflation: [1] Russell Napier's view that Fed's QT policy is decreasing money supply and therefore deflationary (along with other things), and [2] from 13D's WILTW that Fed QT will be deflationary in theory but inflationary in practice. Other things I'm reading or listening to: Brad Setser on Odd Lots podcast, What a … Continue reading Some links – April 10, 2018
Some links – March 31, 2018
WSJ: Glencore is raking it in with their Congo cobalt mines, signing a 3 year deal with a Shenzhen-listed company to supply 50,000 metric tons Cobalt prices have been on a tear... due to EVs and mobile phones need for lithium batteries Copper prices also have risen a lot since Freeport-McMoran sold their prized Congo … Continue reading Some links – March 31, 2018
Some links – March 23, 2018
Article in The Economist on a new book about China's economy, “China’s Great Wall of Debt," by McMahon from the WSJ: It is one of the clearest and most thorough statements of an argument often made about the country: that its government has relied on constant stimulus to keep growth strong, an addiction that is … Continue reading Some links – March 23, 2018
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