What we're reading this week

I'm sharing a selection of articles that caught our eye at the Chief Investment Office. We don't necessarily agree with all the views expressed in these articles, but I find it always useful to challenge our own.

The Economist: 'Nightclub shooting in Orlando is the worst in American history'
The Economist looks at the horrific Orlando attack and how presidential candidates will likely divert the debate. At CIO, we think that with so much time until voters go to the polls (nearly five months), it's unlikely that this event will impact the election outcome. But any pick-up in the frequency or severity of attacks over the next several months could have implications and shift voter priorities towards candidates with a greater emphasis on national security.
Link to article

Kenneth Rogoff: "The Overselling of Financial Transaction Taxes"
However November’s presidential election in the United States turns out, one proposal that will likely live on is the introduction of a financial transaction tax, writes Rogoff.
Link to article                                                                                                               

Marie-José Kravis: "What’s Killing Jobs and Stalling the Economy" According to Kravis, a series of new regulations is preventing the creation of new companies, with implications for economic growth.
Link to article (requires login)                                                                                            

Michael Heise: "Economic Myths and Reform Realities for Germany"
Germany's economy is the envy of much of Europe, but if Berlin stops reforming, the future will be less bright for the continent's economic champion, says Heise.
Link to article (requires login)

Bill Emmott: "Let's get fiscal"
Similar to an article we selected last week: The power of monetary policy has its limits. It's time for fiscal policy to play its part, writes Emmott. 
Link to article

Olivier Blanchard: "How to Teach Intermediate Macroeconomics after the Crisis?"  
The former IMF chief economist had to confront the issue of how to teach macroeconomics after the crisis. In this article, he draws some interesting conclusions.
Link to article

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