Welcome to Bespoke Brunch Reads, our Saturday morning summary of interesting things we’re reading this week. The links are mostly market related, but there will be some other interesting subjects covered as well. The links are in no particular order. We hope you enjoy the food for thought as a supplement to the research we provide you during the week.

Competitive devaluation is not a free lunch and Negative rates and bank profitability by Francis Coppola (Coppola Comment)

In the first of a two part link fest from commentator France Coppola, she looks into the feasibility of a “race to the bottom” in global exchange rates. [Link] The second link from Coppola is an analysis of bank profitability in a negative rate environment. [Link]

How to Cut Your Health-Care Bill: Pay Cash by Melinda Beck (WSJ)

Our first cash-focused article of the weekend is a how-to on cutting accelerating healthcare costs. [Link, paywall]

It’s time to kill the $100 bill by Lawrence H. Summers (Washington Post Wonkblog)

The second article dealing with cash this week is – in our view – a bit of a daft proposal from a former Treasury secretary. [Link]

South Carolina GOP Voters Feel the Benefits of Free Trade—but Also the Scars by Bob Davis and Valerie Bauerlein (WSJ)

This fantastic article covers the impact of trade on South Carolina; it’s also a great highlight of the unique position in the global economy that American manufacturing enjoys, with extremely high capital intensity and relatively low labor demand. [Link, paywall]

U.S. Economy in a Snapshot (Federal Reserve Bank of New York)

An excellent snapshot of where the economy and financial markets currently stand. [Link]

Wall Street Girds for Real Estate Debt It Must Invest In by Sarah Mulholland (Bloomberg)

New rules being phased in from the Dodd-Frank financial reform bill are having wide-ranging implications on US commercial mortgage-backed security markets. [Link]

Iran sanctions: special focus (Euromoney)

We’re a bit late to this but Euromoney’s coverage of the financial aspect of Iranian sanctions is superb and worth your time. [Link]

Optimising romance (The Economist Free Exchange)

As if our article on economists and dating wasn’t enough last week, here’s another take on what the dismal science can do for your love life. [Link]

Are Paychecks Picking Up the Pace? By John Robertson and Ellyn Terry (Atlanta Fed Macroblog)

We love the highly rigorous, data intensive work published to various Federal Reserve district bank blogs; the Atlanta Fed’s analysis of the data crunched in their Wage Growth Tracker is an excellent pick in the genre. [Link]

Deutsche Bank Analyst Kept Some Doubts to Himself by Matt Levine (Bloomberg)

Here’s how not to be a sell-side research analyst. Hilarious writing by one of our favorite scribes, Matt Levine. [Link]

The C-Suite Speaks: Inventories Destocked? By Scott Krisiloff (CFA Institute blog)

What are companies saying about the wave of inventory liquidations that have worked their way through the industrial economy? [Link]

Truthers Think Gravity Waves Are a Hoax to Convince Us the World Is Round by Maddie Stone (Gizmodo)

We’re sad that this article has to exist but at least it’s a funny read! [Link]

Panics, Crises, the Fed & the Labour Share by Duncan Weldon (Medium)

Duncan is one of the best economics writers on the other side of the Atlantic and as usual his musings do not disappoint. [Link]

FT explainer: Bank capital (Financial Times)

An excellent rundown of what the nebulous concept of bank capital refers to. [Link]

Are Asset Managers Vulnerable to Fire Sales? by Nicola Cetorelli, Fernando Duarte, and Thomas Eisenbach (Liberty Street Economics)

Another strong entry from a Federal Reserve branch blog, this time dealing with fire sales for funds that should hypothetically – and are widely assumed to – be immune to such stampedes. [Link]

The F-117 Stealth Fighter Program Actually Had A ‘Klingon Cloaking Device’ by Tyler Rogoway (Foxtrot Alpha)

Who doesn’t like a good fighter jet story, especially when combined with Star Trek? [Link]

The voyages of the Dawnlight: Where is it headed? And what is it carrying? by Anna Fitfield (Washington Post)

An interesting look at the movements of a ship and the geopolitical dance around one of the most oppressive regimes in the world. [Link]

Oil’s slump is scattering the workforce and supply chain: Kemp by John Kemp (Reuters)

Will the oil services industry be subjected to the same talent drain that housing was in the wake of the last crisis? [Link]

Print Friendly, PDF & Email