Mar. 7, 2019 – Links
What we are reading today:
Europe’s Economy Is Weakening, Drawing Central Bank Action – New York Times. ECB revives short-term zero interest loans to its banks; interest rates on hold until at least 2020. The Eurozone economy is a mess.
The Fed doesn’t have to worry about high inflation anymore, and that’s a problem – CNBC. Does deflation or disinflation mean the Fed has failed to deliver its mandates.
May’s Brexit vote is ‘on a knife edge’: Here’s what experts predict will happen – CNBC. Crucial votes scheduled for next week.
Cohen Offers Documents in Bid to Show Trump Lawyers Helped With False Testimony – New York Times. Cohen testified that he did not seek a pardon – that is now in doubt, however nobody seems to try to refute the accusations by Cohen.
The major scandal engulfing Canadian Prime Minister Justin Trudeau, explained – Vox. Accused of pressuring AG to intervene in a case for political reasons.
What if All the World’s Economic Woes Are Part of the Same Problem? – New York Times. Neil Irwin writes.
Chinese Officials Becoming Wary of a Quick Trade Deal – New York Times. What is the motivation for a quick deal? Forget all the Trump cheerleading. China will just wait rather than accept a bad deal. China will not be bullied.
Mark Zuckerberg says Facebook will shift to emphasize encrypted ephemeral messages – The Verge. Possibly a big move from FB to their apps. Ephemeral messaging sounds like a train wreck rolling down the line.
The $1 Trillion Storm: How a Single Hurricane Could Rupture the World Economy – Vice. A worst case (Cat 5) storm hits Miami and things just fall apart after that because financial infrastructure is linked to the physical world.
Girl Scouts Make Climate Change Part of Their Curriculum – RSN. I will do my best to be honest and fair, friendly and helpful, considerate and caring, courageous and strong, and responsible for what I say and do, and to respect myself and others, respect authority, use resources wisely, make the world a better place, be a sister to every Girl Scout, and not allow the old folks to deny science and destroy the world.