Related book: The Third WaveGreat ideas are born out of frustration not greed - by Ian Cassel (LINK)
Caution Signals Are Blinking for the Trump Bull Market - by Robert Shiller (LINK)
For Chinese Companies, If You Can’t Move Money Overseas, Raise It Overseas [H/T Matt] (LINK)
Chinese companies struggling to get their money out of the country have come up with an alternative: raise money overseas.
Chinese firms have issued some $52.6 billion worth of U.S. dollar bonds in the first quarter, up 72% from the previous three months, according to Dealogic, and nearly five times the amount from the first quarter of 2016.
The surge has come as Beijing has tightened curbs on capital outflows, making it harder for Chinese companies to use their yuan earned domestically overseas. Those companies looking to make acquisitions abroad, or even just pay back existing dollar debt, are increasingly turning to the U.S. dollar markets to raise funds.
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What Tyler Cowen thinks of pretty much everything (LINK)
Related book: The Complacent ClassPhil Knight's 2014 Commencement Speech at Stanford (video) [H/T ValueWalk] (LINK)
Related book: Shoe DogLife Lessons From 100-Year-Olds (video) [H/T @morganhousel] (LINK)