Japanese shares have risen for a fourth day on trade optimism after the United States and China signed a deal and the White House hinted U.S. President Donald Trump may soften his July tariff deadline. https://www.japantimes.co.jp/business/2025/06/27/markets/nikkei-hits-40000-level/?utm_medium=Social&utm_source=mastodon #business #markets #stocks #nikkei #japaneseeconomy #tariffs #middleeast
Foreign investors were net sellers of Japanese stocks last week for the first time since March, according to data from the Finance Ministry. https://www.japantimes.co.jp/business/2025/06/26/markets/foreign-investors-japan-stock-sell/?utm_medium=Social&utm_source=mastodon #business #markets #stocks #investments #japaneseeconomy #financeministry #tse
There's deep anxiety among New York's elite that a win by Zohran Mamdani in November's mayoral race would lead to higher taxes and a subsequent exodus of wealthy residents from the five boroughs. https://www.japantimes.co.jp/business/2025/06/26/markets/mamdani-shock-wall-street/?utm_medium=Social&utm_source=mastodon #business #markets #zohranmamdani #andrewcuomo #newyorkcity #newyork #wallstreet
Africa's push for local currency payment systems is finally making concrete gains, bringing the promise of less costly trade to a continent long hobbled by resource-sapping dollar transactions. https://www.japantimes.co.jp/business/2025/06/24/markets/trump-africa-non-dollar-payments/?utm_medium=Social&utm_source=mastodon #business #markets #africa #dollar #kenya #us #donaldtrump
Listening to a great radio series about the life and writing of Karl Polanyi, especially his book Markets and Society;
"Using readings from Polanyi's work, the reminiscences of family and friends, and the comments of contemporary Polanyi scholars, it traces his life and thought from his childhood in 19th century Budapest to his final days in southern Ontario. A final programme examines his contemporary legacy."
https://www.davidcayley.com/podcasts/2014/11/26/8rgod4irv00ac77zl1d8rxtmbkbkgi
An explosion, when regulated, becomes an engine. The same is true of markets.
An explosion, unregulated, is a weapon of mass destruction. The same is true of markets.
When Adam Smith talked about "free markets", he meant free of economic rents (paying people to own things), not free of regulation.