This week’s readings / links include the Pangolin Asia Fund’s May 2018 newsletter, Urjit Patel on why emerging markets face a dollar double whammy, Megha Rajagopalan on the increasing challenge of foreign correspondence in China, Yves Smith on McKinsey’s and CalPERS’ ignorance and sleight of hand on private equity and an interview with Grant Williams.

• Pangolin Asia Fund’s May 2018 newsletter: James Hay on why his fund doesn’t invest in politically-linked stocks.
• Emerging markets face a dollar double whammy: The Fed must adjust its balance sheet shrinkage to limit the effects of less liquidity.
• The increasing challenge of foreign correspondence in China: Interview with Beijing-based correspondent Megha Rajagopalan.
• McKinsey’s and CalPERS’ ignorance and sleight of hand on private equity: Interesting piece by Yves Smith at Naked Capitalism.
• Interview with Grant Williams: The value of surrounding yourself with brilliant people and just listening.