This week’s readings include Philip Bowring on rethinking belt-and-road debt, Jeremy Grantham on the race of our lives, a conversation with Timothy Geithner ten years after the failure of Lehman Brothers, Oliver Bullough on the story of how the City of London invented offshore banking and an update on the Australian property market.

• Rethinking belt-and-road debt: Developing economies need infrastructure, but worry about the debt accompanying China’s Belt and Road Initiative.
• The race of our lives revisited: Latest white paper from GMO’s Jeremy Grantham.
• Ten years later: A conversation with Timothy Geithner.
• The real Goldfinger: The true story of how the City of London invented offshore banking – and set the rich free.
• Australia’s property boom ends as credit squeeze begins: Regulators steer economy to soft landing amid fears of a real estate crash (for anyone interested in reading more on the subject, I also recommend this deck from Hedgeye’s Joshua Steiner).