(The opinions expressed here are those of the authors.)
Aug 14 (Reuters) - Looking for inspiration? Every Friday,
Weekend Reads rounds up what the Reuters Open Interest team has
been reading, watching and listening to.
This week's picks span Federal Reserve monetary policy,
electric vehicles, industrial policy, forex intervention,
investing and energy security.
This weekend, we're reading...
MIKE DOLAN, ROI Finance & Markets Columnist: This short column
by James Galbraith on Project Syndicate critiques Fed Chair
Kevin Warsh's suggestion that money supply targeting should be
brought back into the central bank's toolkit. It ends with a
sharp anecdote about the huff and puff when the idea was last in
vogue in the 1970s, when Galbraith himself was on the House
Banking Committee.
GAVIN MAGUIRE, ROI Global Energy Transition Columnist: This
analysis by environmental journalist Andy Revkin examines how
the war in Iran is accelerating the uptake of electric vehicles
around the world.
ANDY HOME, ROI Metals Columnist: Reuters colleague Ernie
Scheyder examines a proposed new primary aluminium smelter in
Oklahoma. The U.S. desperately needs one, but the massive
project has drawn opposition and become a key issue in the
contentious governor's race: "Build it in Mar-a-Lago!"
JAMIE MCGEEVER, ROI Markets Columnist: The U.S. Treasury's rare
intervention in currency markets alongside Japan's Ministry of
Finance to support the yen raises more questions than answers.
Tokyo and Washington share the same goal but for different
reasons. FX intervention alone won't cut it - fundamental
changes in their respective domestic policies are needed, argues
Mark Sobel, vice chair of the Official Monetary and Financial
Institutions Forum, and a former U.S. Treasury official.
We're listening to...
JAMIE MCGEEVER, ROI Markets Columnist: Barry Ritholtz,
co-founder and CIO of Ritholtz Wealth Management, is always
worth listening to. In this wide-ranging Rational Reminder
podcast, he delivers a few home truths about investing, market
and economic models - and, yes, financial media: "90% of all
financial products are crap."
And we're watching...
ANNA SZYMANSKI, ROI Editor-in-Charge: In the latest episode of
Reuters Econ World, ROI Energy Columnist Ron Bousso joins host
Carmel Crimmins to examine whether renewables, nuclear power and
a massive grid overhaul can bolster Europe's energy security
before its competitors pull further ahead.
Opinions expressed are those of the authors. They do not reflect
the views of Reuters News, which, under the Trust Principles, is
committed to integrity, independence, and freedom from bias.
(Editing by Marguerita Choy)