Physics has taken a step away from pure mathematical modeling. buff.ly/2Paas5X

From The Economist article on the progress being made by universities in #China in #STEM research. This is consistent with the significant advances being made in the areas of technological innovation and, increasingly, invention. #economy

In assessing the impact of the new #tariffs, and while awaiting the details of the retaliatory measures by #China, it's important for the #markets to remember that the profitability of S&P companies is more exposed to #China (both revenues and costs) then the #economy as a whole.

山谷中撞見一隻正在游泳的貓頭鷹！《國家地理》雜誌 youtu.be/cDovr9Jo6S0 来自 YouTube

Brace yourself for the post-new normal era in markets bloomberg.com/view/articles/… via Bloomberg View

While more small firms report that they're raising selling prices, inflation is not high on the worry list. According to NFIB, just 2% of firms say that inflation is their single-most important problem, historically low.

.RenMac: Renaissance Macro Research: By our estimation, U.S. politics -- trade, tech, and Trump -- has hit stocks by about 4x as much as the Fed so far this year.

Further to the earlier tweet, here's the "game theory" framework posted a few days ago that I find useful to think about how current #trade tensions may evolve. project-syndicate.org/commentary/glo… #economy #trade Project Syndicate #markets #tradewars #tradewar The Wall Street Journal Financial Times economist ❚ ❚ #tariff #china #us

While triple digit #Dow moves are not what they used to be years ago,it's still notable that 19 of the last 23 days have seen such moves (esply given where #markets are coming from) This change in #volatility regimes is one of 3 major transitions facing #investors and #businesses

What does the future of active management look like? bloom.bg/2rhxeyp

This mystery is almost as old as the field of mirror symmetry itself. A solution has finally been found: buff.ly/2wbE0LS

The U.S. expansion has put millions of people back to work and economists agree that the economy is now at or close to full employment. But what does that mean exactly? bloom.bg/2KAoSuB

The last time the unemployment rate was this low (Dec 2000), wage growth for non-managers hit 4.3%. Now it's hovering around 2.6%

ICYMI: Quantum physics tells us information cannot be destroyed, so what happens when information enters a black hole? buff.ly/2G6eHei

Today's 3.9% US #unemployment rate was last seen in December 2000. This short video The Wall Street Journal compares and contrasts economic and financial conditions--then and now. (The only significant omission: discussion of today's relatively low labor force participation) wsj.com/video/what-39-…

Big news. CNBC has launched the "Warren Buffett Archive" .. buffett.cnbc.com .. a website that features recordings of every shareholder meeting since 1994 .. with synchronized transcripts .. and a lot more. News release: cnb.cx/2rmlxaC

Millennials are waiting much longer to have sex, 1-In-8 are still virgins At 26. bit.ly/2rpl5rs

Interesting charts from another thought-provoking note on #markets from Financial Times John Authers The first chart details what has happened to #PE 's this year; the other two capture the "surprisingly good" corporate earnings; & the note tries to reconcile it all ft.com/content/0297ff…

From the archives: Malaysian PM-elect Mahathir Mohamad has made a sensational political comeback. Read the FT's 'Lunch with' the 92-year-old from last year on.ft.com/2wqBQs7

谢谢四川人🤪 x.com/realdonaldtrum…