El-Erian: Fed Trying to Break the Market’s Central Bank ‘Co-Dependence’
“You don’t have people in the Fed… that are sensitive to markets and have lived markets on the trading floor”
Map of the Day: The Largest Cities in North America Since 900 BC
Mexico City, Havana, New York, Boston, Philadelphia, Baltimore, Chicago, St. Louis, Detroit, Los Angeles, and Toronto have all ranked in the top five at one point or another
Taps Coogan: Central Banks Should Prepare for Recessions, Not Delay Them
We are stuck in a self-reinforcing loop of bad policies aimed at delaying recessions, leading to worse recessions
Stanley Druckenmiller: Market Internals Warning that Something’s Not Right
“The inside of the stock market is saying there is something not right here”
Facebook Loses the Public’s Trust
The developers that get your data for free just so happen to pay Facebook. They just don’t pay for the data, wink-wink
Kyle Bass: China Slowdown Has Nothing to Do with Tariffs
“We are talking about $125 billion between one economy of $13 trillion and one economy of $20 trillion. It doesn’t matter that much”
Nearly 160 Million People Want to Migrate to the US
Roughly 158 million people want to migrate to the US. That is equivalent to 48% of the current US population
Map of the Day: China’s Provinces Rival Countries in Population Size
China’s population is expected to begin to decline in the mid 2020s, at which time India will overtake it as the world’s most populous country
Image of the Day: 1909 Paris Airshow
A photograph from the 1909 Paris Airshow, just six years after the Wright Brothers flew the first airplane
The Future of the U.S. Aircraft Carrier: Fearsome Warship or Expensive Target?
There has been a growing debate about the viability of aircraft carriers, the backbone of the US Navy