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10 Thanksgiving Day Reads

My Turkey day morning train plane reads: • 5 Facts to Silence Your Smug Millennial Nephew This Thanksgiving (WSJ) • Good Luck With That Forecast: When tiny changes totally change the future. (Motley Fool) • How to Talk to Your Relatives About Politics at Thanksgiving (Upshot) • Elite funds prepare for reflation and a bloodbath for bonds (Telegraph) • Be a...Read More

Is Chinese M1 growth giving a false positive signal?

Chinese narrow money growth has rebounded strongly in recent months, suggesting better economic prospects – see previous post. A claim has been made, however, that the surge in the official M1 measure mainly reflects a temporary impact from the local government debt swap programme, implying little significance for the economy or markets. Show More Summary

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