Book review: Straight to Hell: True Tales of Deviance, Debauchery, and Billion-Dollar Deals by John LeFevre is “a pitch-black account of last decade’s Asian credit boom and the maniacs who enabled it…”  (The Reformed Broker)

Quote of the Day

"(T)he businesses of shaping metal or shaping actors might or might not themselves get disrupted by software, but everything downstream will be, and, again, what tends to happen is that a new layer gets created on top and that new layer shapes how consumers spend money. The old doesn't go away but it becomes less relevant."

(Benedict Evans)

Chart of the Day

There is “little evidence that the feared global hard landing is actually happening…” – Gavyn Davies