Clifford Krause begins his excellent article in today’s NY Times with this: “A surge of oil production is coming, whether the world needs it or not.”
Why the repo market went awry… The Economist
The Economist explains what is happening with fed funds and the repo market, here...
Saudi Aramco IPO… Bloomberg
Bloomberg’s Matthew Martin, Javier Blas and Archana Narayanan report on valuing Saudi Aramco’s IPO, here...
World’s greatest investor… WSJ
From Greg Zuckerman, Wall Street Journal, on Jim Simons, here... Adapted from “The Man Who Solved the Market: How Jim Simons Launched the Quant