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Friday, January 26, 2018

Interesting readings

In Russia, 'The Death of Stalin' Is No Laughing Matter by Matthew Luxmoore in The New York Times, January 24, 2018.

Wreck found by reporter may be last American slave ship, archaeologists say by Ben Raines in Al, January 23, 2018. What remarkable people.

Budget 2018: Capital gains tax: First principles first by Debashis Basu in Business Standard, January 22, 2018.

Mutual funds with feet of clay by Ajay Shah in Business Standard, January 22, 2018.

Android Users: To Avoid Malware, Try the F-Droid App Store by Sean O'Brien and Michael Kwet in Wired, January 21, 2018. On your phone, go to f-droid.org and install the app.

The only good news in the new ASER data: The triumph of English and why it bodes well for India's youth by T N Ninan in Business Standard, January 19, 2018.

Transparent Marking by Parth J Shah in The Indian Express, January 19, 2018.

Apple's Tim Cook: 'I don't want my nephew on a social network' by Samuel Gibbs in The Guardian, January 19, 2018.

How to tame the tech titans in The Economist, January 18, 2018.

Making solar cells in India: Not a bright idea in Business Line, January 18, 2018.

Thicker eggshells help cuckoos hatch earlier than their nestmates in The Economist, January 18, 2018.

Deep thinking on blockchain, bitcoin and the Internet: Beyond the Bitcoin Bubble by Steven Johnson in The New York Times, January 16, 2018.

Philip K. Dick and the Fake Humans by Henry Farrell in Boston Review, January 16, 2018.

Joseph Conrad: Old man of the sea by Elizabeth Lowry in The Times Literary Supplement, January 16, 2018.

Reform financial space with new policies backed with AI, cryptocurrency by Naveen Surya in Business Standard, January 16, 2018.

How Dirt Could Save Humanity From an Infectious Apocalypse by Peter Andrey Smith in Wired, January 14, 2018.

Wrong time for fiscal squeeze by Deepak Nayyar in Mint, January 12, 2018.

The 6.5% warning by Ila Patnaik in The Indian Express, January 11, 2018.

The Case Against Civilization by John Lanchester in The New Yorker, September 18, 2017.

David Brooks is writing a fascinating series on individuals and democracy, seen through the lives of (1) Thomas Mann, (2) John Stuart Mill.

1 comment:

  1. "Mutual funds with feet of clay"

    Wow, this is some timely warning! And, if one adds in the debt component of balanced funds (which have seen a massive rise in AUM), one can add in an additional trigger for liquidity problems in the debt market.

    Independently, I had been looking for Gilt short term funds and I could only find one (albeit only among HDFC/ICICI/Franklin/DSPBR as i use only those fund houses): DSP BR Treasury Bill which has a sub 1 year maturity gilt portfolio. All the others had 4 years+. I would have thought that there would be a lot of short term gilt funds, but most are 4 years+ maturity, maybe coz they have been on the wrong side of the interest rate bet. But, I am not sure what the sub 1 year treasury bill market looks like. I hope it is liquid and deep as it seems like the implication from the article is that the treasury bill funds might soon see their day in the sun. Especially if interest rates are spiking up and corporate bonds are having liquidity problems, then longer term gilts might not be the best either.

    By the way, what do you think about gilt funds, ie; are gilts of varying maturity liquid enough? I would assume if corporate bonds are selling off, gilts shouldn't have problems with liquidity?

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