Weekend Reads: The Debt Ceiling Explained

Goldman’s Blankfein, a Fix the Debt advocate, said after Trump won that tax reform “will be good for growth” and “good for our clients and for our firm.”

Trump’s Tax Cuts Delight Wall Street as Debt Worries Fade – (Bloomberg)


Once again the debt ceiling’s up for grabs. Everything you need to know—in cartoon form—about previous fiascos.

The Debt Ceiling –(The Morning News)


Managed futures strategies are a rare and welcome outlier, however. The indexes in the table below show how correlated most assets are, and how few stand out as different.

Managed Futures: Complex Strategy, Simple Purpose –(361 Capital)


In a span of one minute, 21,256 gold futures contracts, equal to more than 2 million ounces, traded just before Federal Reserve Chair Janet Yellen addressed a gathering of policy makers in Jackson Hole, Wyoming.

Gold Is Shaken by a Mysterious 2 Million-Ounce Trade – (Bloomberg)


Legal challenges loom as Oregon aims to auto-enroll up to one million residents who don’t have savings plan at work

For Workers Without Retirement Plans, States Step In – (Wall Street Journal)


It covers all 3,007 U.S. counties using color coding to show the richest and poorest counties based on median income, and it also allows users to drill down to the stats on counties at the state level.

Interactive: Visualizing Median Income For All 3,000+ U.S. Counties – (Visual Capitalist)


What can be done to contain a problem AI sceptics fear is real but too vague to be clearly defined?

Preparing for the AI apocalypse – (Live Mint)


It’s more complex than in many other parliamentary democracies. Voters in 299 districts across Germany will cast a dual ballot on election day to pick members of the lower house of parliament, or Bundestag. The first vote elects the local representative, the second is for a party.

Everything You Need to Know About Germany’s Complex Election Process – (Bloomberg)


The cost of the month-long holiday is expected to top $100 million, good enough for the priciest all-inclusive getaway ever and will account for 1.5 percent of the country’s revenue from foreign tourism this year, Haaretz reports.

Saudi king blew $100M on most expensive vacation ever – (NY Post)


Shipments jumped 27 percent to about 90,000 units last year, a single-country record and almost a third of the global total, and will nearly double to 160,000 in 2019, the International Federation of Robotics estimates.

China’s Robot Revolution May Affect the Global Economy – (Bloomberg)

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