April 11, 2017

Worthy Insights / Opinion Pieces / Advice

FT - When it comes to investing, human stupidity beats AI - Miles Johnson 4/10

• "Since their inception, financial markets have been driven by greed and fear. No matter how advanced technology becomes, human nature isn't changing. Or as billionaire Carl Icahn has put it: 'Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity.'"

Markets / Economy

WSJ - Daily Shot: BMI / Federal Reserve - US Credit Growth Drying Up 4/11

WSJ - Slowdown in Borrowing Defies Easy Explanation - Aaron Back 4/11

Real Estate

WSJ - Daily Shot: John Burns RE Consulting - US Single-Family Residential Permit Projections 4/11

WSJ - Daily Shot: John Burns RE Consulting - Growth Rate of US Resident Population Aged 20-64 4/11

WSJ - Daily Shot: John Burns RE Consulting - Multifamily Construction Activity 4/11

Asia - excluding China and Japan

FT - Former Philippine police officer reveals more of death squad role - Michael Peel and Grace Ramos 4/10

Australia

WSJ - Daily Shot: Moody's - Australian House Price Increases 4/11

China

FT - Huishan Dairy defaults on loan as financial woes deepen - Jennifer Hughes, Tom Hancock, and Sherry Fei Ju 4/10

• "China Huishan Dairy has defaulted on a $200m loan and had assets frozen in China in relation to another $79m debt, in a sign of the troubled dairy operator's worsening problems."
• "Paul Gillis, an accounting expert at Peking University, said the company's sudden share collapse 'raises the question of why short-sellers are able to find these things, but auditors never seem to find them.'"

FT - Hong Kong's Li & Fung faces dilemma of 'innovate or die' - Ben Bland 4/10

Other Links

Economist - United bumps more passengers than any other large American airline - Data Team 4/11

Bloomberg - DeVos Undoes Obama Student Loan Protections - Shahien Nasiripour 4/11