In miscellany this AM:

More than USD 1 tn has flowed out of UK-focused equity funds since Brexit and a survey this month by asset manager Schroders of 400 asset managers found that 35% of participants’ clients “had either moved assets out of the UK this year or were considering doing so, up from 21% in the previous year’s survey.” (FT)

Dead-cat bounce for bitcoin? Bitcoin lost more than 12% on Sunday before rebounding 15% yesterday from a 14-month low as the cryptocurrency is buffeted in a “broad-based selloff in digital currencies as sentiment sours.” Does that mean crypto is on the way out? Nope. But there’s a shakeout taking place: An estimated 600-800k bitcoin miners have shut down since mid-November amid declines in price and hashrate, Coindesk adds.

The world, built by China looks at some 600 major and mega projects that Beijing has financed in the past decade through grants, loans and investment. The quick, graphical overview shows how China’s infrastructure ambitions go significantly beyond even the Road and Belt program about which we hear so much. (NYT)

Is the Montreal bagel (the only bagel that may claim to be a real bagel) in its last days? That’s the premise for a long meditation that uses the bagel as a way into a wider discussion of gentrification, the “end of the industrial city in North America,” and the intersection of public health and one’s taste buds. A must-read even for non-Canucks, though if you prostrate yourself to St. Viateur Bagels, it’s a particularly satisfying read. (Globe & Mail)