Friday’s links (final post of 2021)

US struggles to measure jobs growth as pandemic distorts labour market data – FT
Unloved and Uninteresting, Gold Heads for Worst Year Since 2015 – Bloomberg
In a Wild Year for Markets, Stocks Pull Off Big Gains – WSJ
Fed’s Moves Pumped Up Stocks. In 2022, It May Pull the Plug – NYT
Fed Repo Facility Use Jumps to Record High on Final Day of 2021 – Bloomberg
Genesis of “Ledger Money” and the Modern Financial System – Maroon Macro (also on Recommended Articles tab)

Thursday’s links

Global Economic Growth Set for 3.2% Pace in Next Decade – Bloomberg
In a Wild Year for Markets, Stocks Pull Off Big Gains – WSJ
Dow and S&P 500 Look to Fresh Records – MarketWatch
The Missing Data in the Inflation Debate – NY Times Opinion
Traders turn to derivatives that protect against US market fall – FT
Persistent inflation poses threat to eurozone recovery, economists warn – FT
Only 26% of World GDP to Come From Free Economies in 2050 – Bloomberg Economics

Wednesday’s links

Dollar’s Best Days Look Numbered As Traders Front Run – Bloomberg
The three questions that dominate investment – FT
Covid-19, Inflation Make a Mess Out of Predictions – WSJ
10-year Treasury yield aims to retake 1.50% – MarketWatch
Fed’s Doomsday Prophet Has a Dire Warning – Politico
Safe Asset Shortage & Low Inflation of 2010-2019: A Money Demand View – Beckworth (also on Recommended Articles tab)

Tuesday’s links

Traders turn to derivatives that protect against US market fall – FT
Gold Edges Higher as Traders Weigh Record Covid-19 Infections – Bloomberg
Persistent inflation poses threat to eurozone recovery, economists warn – FT
The Importance of Price Signals – Lyn Alden (also on Recommended Articles tab)

Monday’s links

What Inflation in 2022 Will Teach Us About Capitalism – John Authers via Bloomberg
The $900 Billion Cash Pile Inflating Startup Valuations – WSJ
What Will It Take to Kill This Bull Market? – Barron’s
Global bond markets on course for worst year since 1999 – FT

Thursday’s links

US financial conditions remain easy even as Fed pulls back on stimulus – FT
China’s Yuan Is Propelling Emerging Currencies Like Never Before – Bloomberg
The U.S. Economy Is Nothing if Not Resilient – Barron’s
US Inflation hits its highest level since 1982, keeping pressure on the Fed – NY Times

Wednesday’s links

US Treasury market needs to enter modern age – FT
Big Bet for FX Traders Is How to Hide From Inflation – Bloomberg
Think the Federal Reserve Is Already Tightening? Not So Fast – Barron’s
Wall Street Ends Crazy Year With Angst and Big Bonuses – Bloomberg Wealth

Monday’s links

The Fed Could Be Shifting Gears at Just the Wrong Time – Barron’s
China cuts lending rate as economic momentum falters – FT
The Fed’s Pivot Is the Opposite of Hawkish – Bloomberg Opinion
Central Banks Worry Omicron Could Sustain Inflation – WSJ
Fed Shifts to Inflation Battle, Winding Down Pandemic Support – NY Times

Friday’s links

Bank of England raises key interest rate to 0.25% – FT
Inflation Bites Us All Again After the Economy Roars Back – Bloomberg
US Inflation Is Near a 40-Year High – WSJ

Thursday’s links

Fed’s ‘pivot is complete’ in the face of inflationary pressures – FT
BOE Surprises With First Hike in Crisis to Curb Inflation – Bloomberg
The Fed still thinks inflation is transitory – FT Unhedged