Below you will find the articles on economics, investing, and finance that we found most interesting for the week.
NB: ($) denotes subscription site.
Water scarcity: “The only thing that can stop the China story.”
More water scarcity: it poses a serious challenge to shale oil & gas plays.
The Federal Reserve concludes that the decline in labor force participation is structural.
The Fed also says that median wages for the bottom 90% of wage-earning families didn’t grow from 2010-2013. The consumer can’t spend more if he doesn’t have more!
Google wants to keep you healthy and be your chauffeur (with its self-driving cars) in old age. It is pursuing a new partnership with AbbVie to find cures for diseases of aging.
Howard Marks spills a lot of ink on risk in his latest memo. Spoiler: He is shifting his focus to preserving capital as he sees risks building in most markets.
This is an interesting look at how Monsanto is trying to change the conversation around GMOs.