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Stuff Worth Reading: August-5th-2014



My absence from publishing /sharing reading lists is not attributable to illiteracy, but merely due to the fact that I have been extremely busy with preparation and refinement of Hillbent’s investment research services and other pressing matters. However, I do read voraciously and felt compelled by the quality of my latest readings to share with others equally driven by passion to discover new roads of insight on the Market Direction.

  • The Four Stages of Chinese Growth:┬áMichael Pettis, author of China Financial Markets blog, lays out a framework model for China’s economic growth and does so by presenting us with historical precedents and re-introduction to the concept of social capital, a key economic driver in countries, regardless of philosophical political orientation. By understanding this concept, one has a more lucid appreciation for China’s risks, challenges and probability of success in managing/transitioning its economic growth.
  • The End of Consensus Politics in China: One of my favorite geopolitical analysts, Stratfor, brings us an intelligent discussion of the challenges confronting China’s political and economic transformation as it implements sweeping reforms against status quo corruption. It ties in nicely with Michael Pettis’ above article on China’s Four Stages of Growth. I hope reading this one helps you to connect the macro-economic dots for you as well as it has for me.
  • How We Broke the Bank of England: I highly recommend listening to this 18-minute interveiw with Paul Johnson, Executive Director of the Institute for New Economic Thinking. At one time he was a portfolio manager, but not just any PM. Paul Johnson worked for the Soros Fund and was one of the key players responsible for the historic breaking of the bank in England.
  • Richard Russell Interview on King World News: Founder and author of Dow Theory Letter Publications, Richard Russell, is still going strong at 90 years of age and in this recent interview he draws upon his 60 years of investment experience to share insights on the current market condition. He foretells of “blood in the streets” and although I respect Mr. Russell immensely as his writings influenced my development as an investment analyst and capital markets strategist some twenty years ago, this time I hope that he is wrong on this one.
  • Aldous Huxley vs. George Orwell: When it comes to predicting the future, I am amazed at the remarkable prescience of two great writers in the 20th century, i.e. Aldous Huxley and George Orwell. Although both view the world on different philosphical trajectories, they somehow both seem to arrive at the present state in which we find the existing world. For a storyboard of graphical images which tell at least 10,000 words, let alone 1,000, I highly recommend this post from Zero Hedge.

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