Here’s a list of things Reynard read over night.
Global Macro:
- Reforming bank risk-weighted assets – FT Alphaville
- Goldman Sachs braces for bond market blow up – Quartz
North America:
- The FOMC Decision and US Q4 GDP Data – Acting Man
- Jobless Claims in U.S. Rose 38,000 Last Week to 368,000 – Bloomberg
- Personal income posts biggest gain in eight years – Reuters
- Personal Income up 2.6% in December, Spending up 0.2% – Calculated Risk
- Who Owns the U.S. Treasury Market? – Global Macro Monitor
- Anyone who doubts fiscal cliff impacted US economy is living in a fantasy-land – The Guardian
Europe:
- Belgium and the LTRO – FT Alphaville
- Joining the Establishment, UK NGDP targeting – FT Alphaville
Asia:
- China’s two paths to urbanisation – FT Alphaville
- Banks vs Babies – FT Alphaville
- Chinese shadow banking: danger & opportunity – China Economic Review
- China battles sugar smugglers as it tries to keep domestic prices way above world market to prop up Chinese producers – Reuters
- China in Revolution & War – Brookings
- Defining the Chinese Dream – Caixin
- Closer Look: Exhausted with Beijing’s Smog – Caixin
- Beijing Air Akin to Living in Smoking Lounge – Bloomberg
Local:
- The irregular ratio spooking property – Business Spectator
- Forrest locked in fight with miner over ancestral pastoral land – Business Spectator
- WA pushes plan to reform GST carve-up – The AFR
- Garnaut urges greater emissions cuts - The AFR
- Statistics show there’s no reason to whinge – The Age
- Banks to hold line on rates – The Australian
Other:
- Interactive currency-comparison tool: The Big Mac index – The Economist
Legal services getting smacked in Aus.
http://www.afr.com/p/national/legal_affairs/axe_aimed_at_ashurst_partners_H6VHy1q9Htl13Hfx2LNXON
As previously discussed the globalisation of the big Aus firms has highlighted the excessive costs here. Look out for fat to be trimmed.
The Kouk Spruik
http://www.businessspectator.com.au/bs.nsf/Article/house-prices-AUD-dollar-property-housing-interest–pd20130201-4GRL3?opendocument&src=rss
Apparently he is filthy Julia went off-message at the press club.
It’s a shame the Kouk didn’t examine the data in detail. It paints a more somber picture.
From the Kouk..
Boral is up 60 per cent since the middle of 2012..
This is what I call the disconnect between markets/stats and the real economy. Does he not realise Boral announced a restructure and fired a bunch of people?
It’s a new economy where people don’t count.
On a completely different tangent….
With the AFL season on the way would any fellow Macrobusiness types like to take part in an AFL Dreamteam competition?
as indicated here?
http://www.afl.com.au/fantasy
I know it isnt business, finance and economics, but may appeal to some…..
G”arnaut urges greater emissions cuts – The AFR”
I can’t read the article but it isn’t going to cost him his job.
Hey flawse,
Off topic but if you are still looking, this little gem, on a hectare+ in the beautiful Mary Valley, is still available.
I reckon if you offer them $200k they would take it.
http://www.maryvalleyproperty.com/?name=Detail&product=MV8000
Is there anyone, outside the Universities, who is more shallow in their analysis of the true situation of this nation than Pascoe?
Shane Oliver, Dr Wilson maybe ?
The Kouk
Gittins!
+1
+1
Uncle Gotti
Don’t really care about the story. With high costs of shelter the poor punters have nothing to live for anyway.
But check out the wizard election countdown clock! Why don’t the good nerds of MacroBusiness have one of these?
http://www.perthnow.com.au/news/national/abbott-to-up-super-tax-on-battlers/story-fndor8bb-1226566241450
Okay.
http://www.brisbanetimes.com.au/queensland/sugar-daddies-a-learning-experience-for-students-20130130-2dk7z.html
Wowee! I might setup a course in Masters of Sugar Babying
Where the sugar babies are:
1. The University of Sydney 137
2. The University of Newcastle 114
3. Deakin University 106
4. La Trobe University 99
5. Curtin University 94
6. The Australian National University 89
7. The University of Adelaide 85
8. Edith Cowan University 78
9. Monash University 77
10. Victoria University 74
11. The University of Melbourne 69
12. Australian Catholic University 64
13. University of South Australia 58
14. The University of Western Australia 53
15. RMIT University 51
16. The University of Queensland 45
17. Macquarie University 42
18. Griffith University 37
19. The University of New England 35
20. Murdoch University 33
Seems the catholics have become more demure, only coming in 12th. When I was a young bloke we used to target those types…
Not demure these days once the facade cracks…as the T shirt says..”No Money No Honey”
Just thinking it might be an idea to outsource ones Sugar Dadding overseas and help a lot more for your 3k per month..as the story says there is no sex involved.. So it would be a bit like world vision and be tax deductible..win win
Michael Janda hits the stamp duty nail on the head
http://www.abc.net.au/news/2013-02-01/janda-stamping-out-inefficient-duties/4496356