Project Syndicate - 13 Sep 2018
It’s hard to disagree with Nouriel’s warning: by 2020, the conditions will be ripe for a financial crisis, followed by a global recession. The global economy - that has been undergoing a sustained period of synchronized growth - will inevitably lose steam as unsustainable fiscal policies in the US start to phase out. Come 2020, the stage will be set for another downturn – and, unlike in 2008, governments will lack the policy tools to manage it (reads in 6-7 min).
Published in Weekly selection 14 September 2018
The New Yorker (metered paywall) - 27 Aug 2018
This is long article (20 min+) that tackles an important subject (activist investment) but reads like a novel! Singer, the head of Elliott Management, has developed a uniquely adversarial, and immensely profitable, way of doing business. His style is controversial: critics say it forces companies to lay off workers and curtail investment in new products in favor of schemes that boost short-term profits, while proponents view it as a useful source of pressure on CEOs to reduce waste and manage their companies more effectively. Read on to understand why he is “The World’s Most Feared Investor.”
Published in Weekly selection 25 August 2018
Bloomberg - 9 Aug 2018
The former banker explains why, in his opinion, measures taken to prevent another financial crisis may just be adding new risks. He’s particularly concerned about the focus on banks having to raise collateral requirements. This short article (reads in 4-6 min) may be a bit technical, but it is an important read at a time when the collapse of the Turkish Lira is raising fears of losses spreading to European banks and beyond.
Published in Weekly selection 11 August 2018