Easy monetary policy would support growth, but many of the problems in the Chinese economy are the result of too much credit. The FT’s Jamil Anderlini looks at what the People’s Bank of China is doing to keep the economy on an even keel.
Victor Niederhoffer calls this The Most Stimulating Video About Markets I Have Seen in Years. Hat tip Daily Speculations.
Adrian Bejan is most recently the author of “Design in Nature: How the Constructal Law Governs Evolution in Biology, Physics, Technology, and Social Organization.” He is also a professor of engineering at Duke University. Bejan pioneered numerous original methods in science, including the constructal law of design and evolution in nature, entropy generation minimization, scale analysis of convection, heatlines and masslines, transition to turbulence, and designed porous media. He is listed among the top 100 most widely cited engineering authors in the world (all disciplines, all countries, living and deceased). Bejan has published 530 peer-reviewed articles and 24 books and has been awarded 16 doctorates Honoris Causa from universities in 11 countries. – TedX Talks
Mario Draghi is tackling the dearth of small business loans with €400bn of cheap long-term loans, TLTROs. William De Vijlder of BNP Paribas Investment Partners discusses with John Authers whether this will open the floodgates or lead to stagnant water until the Fed raises rates.
Volatility, instability and monetary policy. Cardiff Garcia and Tracy Alloway discuss why the calm in markets is making investors and central banks so nervous — and whether they should do anything about it.