Here’s a list of things Reynard read overnight.
Global Macro/Markets:
- The false-alarmists behind this shrinking population panic – The Guardian
North America:
- Millennials (Gen Y) Reducing Debt Thanks to Less Home Ownership – Time Magazine
- Another voice turns cautious on Canadian banks – Globe & Mail
- Canada’s looming condo crash – Bloomberg
- Downsizing boomers shunning condos – The Star
- Canadian real estate investors fret as housing blitz winds down – Financial Post
- Leading indicators disagree about strength of Canadian economy – Financial Post
- The Mood Among Canadian Businesses is Very Grim – Wall Street Journal
- Sequestering a weaker US economy – CNN
- What Bernanke Didn’t Say About Housing – Bloomberg
Europe:
- How would an Italian bailout work now? – The Guardian
- Europe’s debt delusion – Financial Times
Asia:
- Deflating shadow credit in China – FT Alphaville
- “There is a huge real estate bubble in 3rd and 4th-tier cities in China” – CCTV anchor – Financial Times
- China’s cancer villages. Environmental concerns start to bite – New York Times
- Japan’s shrinking population – Wall Street Journal
Local:
- Australia groans under a 4 bank oligarchy – Herald Sun
- As Goes China, So Goes The World And Definitely Australia – Zero Hedge
- Family tax benefit under the budget microscope – The Australian
- Relax 457 visas: business – The Australian
- Engineering exit as boom peaks – The AFR
Other:
- Capitalism isn’t working – PBS
- 72 is the new 30. The vast improvement in life expectancy – Financial Times
- On negative interest rates and hoarding – FT Alphaville
Bernanke caught out with his doublespeak on Fed’s responsibility for the housing bubble:
What Bernanke Didn’t Say About Housing
Citing Bernanke’s assertion that one of the benefits of QE had been the rise in home prices, Garrett said the following:
“Previously you have said that the Fed’s monetary policy actions earlier this decade, 2003 to 2005, did not contribute to the housing bubble in the U.S. So which is it? Is monetary policy by the Fed not a cause of inflationary prices of housing, as you said in the past? Or is it a cause of inflating prices of housing? Can you have it both ways?”
Wind surpasses nuclear in China
Wind has overtaken nuclear as an electricity source in China. In 2012, wind farms generated 2 percent more electricity than nuclear power plants did, a gap that will likely widen dramatically over the next few years as wind surges ahead. Since 2007, nuclear power generation has risen by 10 percent annually, compared with wind’s explosive growth of 80 percent per year.
How Will We Power the Future?
In-depth interview with Nobel Laureate Robert B. Laughlin on his book “Powering the Future: How We Will Eventually Solve the Energy Crisis and Fuel the Civilization of Tomorrow.” Dr. Rose M. Cory’s new science on positive feedback loop discovered in the melting Arctic.
Download/listen (14MB)
http://www.renewableenergyworld.com/rea/news/article/2012/02/a-harsh-winter-for-chinas-wind-industry-and-its-leading-company-sinovel
R2M, you would probably find this one interesting http://rhg.com/notes/chinas-2012-energy-report-card
Can someone explain to me clearly how this is going to work please? Too early for me…
http://www.brisbanetimes.com.au/queensland/newman-government-wants-private-sector-to-build-and-run-new-schools-20130228-2f76u.html#comments
Do public/private deals work in everyone’s best interests?
I’m betting the Teachers Union will hate it. A contrary indicator?
Our Federal Govt attempts to silence unflatterring media. Freedom of speech is under attack, make no mistake;
http://www.theaustralian.com.au/national-affairs/stephen-conroys-pitch-to-control-the-news/story-fn59niix-1226587251535
Labor’s continued drive to quash the media is a national disgrace and should be opposed from all quarters and by all operating in the media, whatever sphere.
“China Mobile’s 4G Wireless Network ‘to Serve 100 Cities This Year’
Company chairman says 500 million people across the country will have access to the new technology.
http://english.caixin.com/2013-02-27/100495014.html
Access for 500 million people in one year…NBN, wherefore art thou NBN.
3d1k,
The Chinese have missed a missed a major opportunity ; providing thousands of jobs hardwiring their nation.
Clearly, the central planners have f&%$#d up royally!
The Chinese have missed a missed a major opportunity ; providing thousands of jobs hardwiring their nation.
http://www.telecoms.com/67922/china-mandates-ftth-for-newly-built-properties/
LOL
April 1, 2013 – It’s probably a joke!
Seriously though, I’m sure those 40 million that the government expects to be connected by 2015 will be pleased – as will the 500 million connected to 4G within a year.
Different strokes for different folks.
4G deployed in 100 cities is NOT the same as 500 million connected to 4G.
Nice try though
Not long ago a Greek minister’s Mother was written to have 500 million euros worth of hidden funds.
http://www.telegraph.co.uk/news/worldnews/europe/greece/9717973/George-Papandreous-mother-linked-to-550-million-Swiss-bank-account.html
Spanish ministers are said to have had their own slush funds
http://www.bbc.co.uk/news/world-europe-21349763
but Mexico seems to present the queen of union corruption.
http://www.theage.com.au/world/the-200m-downfall-of-the-teacher-20130228-2f7bi.html
What can you say? TP’s twitter quote from yesterday sums up my sentiments: inside every cynic is a disappointed idealist.
Went to watch a fight and a conversation broke out instead.
http://www.watoday.com.au/opinion/society-and-culture/free-ride-for-sports-just-not-equitable-20130227-2f6c6.html
Got my vote.