China/Asia
- China’s money supply rebounds but still short of expectations (SCMP)
- China’s trade surplus reaches $49.8bn (World Finance)
- Gov’t Cobbles Together Funding for Slum Renovation Projects (Caixin)
- Chinese upbeat on economic outlook as rest of the world sees gloom (SCMP)
- China bank loans bounce back but more support measures may still be needed (Reuters)
- Beijing under pressure to ease monetary policy (SCMP)
- Watch China As Emerging Markets Bounce (ETF.com)
- Alibaba IPO underlines rise of Chinese private sector (Bruegel)
- China May Be Heading for a Japanese-Style Economic Crisis (Time)
- China is being forced to choose between air pollution and deadly earthquakes (Quartz)
- Chinese lending rebounds in August but slowdown still evident (Fortune)
- Housing bubble in China will burst without tax reform (WantChinaTimes)
- Shanghai will soon join the likes of London as a “super city” (China Economic Review)
- CHINESE SHADOW BANKING: BANK-CENTRIC MISPERCEPTIONS (HKIMR) (Pdf)
- Can Xi Jinping, Narendra Modi and Joko Widodo lead Asia to a new global order? (SCMP)
United Kingdom/Europe
- If Scotland Goes, Then Britain Too? (NY Times)
- Scotland: To Secede or Not to Secede? (Adam Posen, Peterson Institute) (Audio)
- First-time buyers ignoring interest rate time bomb (Telegraph)
- London Property Premium Over U.K. at Widest in at Least 19 Years (Bloomberg)
- London Homebuyers Gain Clout as Regulator Stymies Sellers (Bloomberg)
- Rupert Murdoch’s support for Scotland is entirely predictable (Quartz)
- Economic argument takes toll on Yes campaign (Economia)
- Ian Paisley, former DUP leader, dies aged 88 (Irish Times)
- Facing Reality in the Eurozone (Turner, Project-Syndicate)
- Yatsenyuk goes it alone with ‘People’s Front’ (BNE)
- Markets expect negative overnight rates in the Eurozone through mid 2016 as reserves become a “hot potato” (Soberlook)
- EU easing under ‘Draghinomics’ a pipedream (SCMP)
- The European Central Bank Gets Nervous (Caixin)
- Solvency II hangs over Europe’s head (World Finance)
- West pushes crippling sanctions on Russia’s oil industry despite Ukraine ceasefire (AEP, Telegraph)
- ECB jumps gun with ABS purchase programme (Euromoney)
- Only Germany is holding together as separatists threaten to rip Europe apart (AEP, Telegraph)
- Russia tightens screw on gas pipelines (BNE)
- Russia’s pivot to Asia is not going to work (BNE)
- Draghi Says Investment Rebound Needs Reform and Stimulus (Bloomberg)
- International tax provisions crush Swiss banks (Euromoney)
- Putin’s new counter-sanctions are aimed at selling more Russian stuff, not punishing the West (Quartz)
- No miracles in southern Eurozone without resource reallocation (Vox)
- Hewlett-Packard Pleads Guilty To Bribing Russian Officials, Fined $58.7M (IB Times)
- The OMT’s Fragile Foundations (Piera)
- Poland calls for €700bn EU spending round (FT.com)
United States/Americas
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- Are Subprime Mortgages Coming Back? (NY Times)
- America: your days as a global superpower are numbered (Telegraph)
- American credit-card debt hits a post-recession high (Market Watch)
- Fed’s Rate Guidance On Chopping Block, New Exit Plan Nears (IB Times)
- Faber: McDonald’s Woes Confirm Stocks Are Primed for a Fall (Money News)
- U.S. Monetary Policy: 3-2-1, Interest Rate Liftoff! (IMF Direct)
- Argentina passes new debt bill with eye on next payment (Reuters)
- Foreign buyers are fuelling a seismic spike in Vancouver’s luxury housing market, realtors say (Financial Post)
- Exxon’s $700 Million Arctic Well Feels Sanctions Fallout (Bloomberg)
- Chilean Bond Yields Post Record Surge on Central Bank Statement (Bloomberg)
- Treasuries Extend Longest Slump in a Year on Fed Policy (Bloomberg)
- What Does Money Velocity Tell Us about Low Inflation in the U.S.? (St Louis Fed)
- Vancouver mayoral candidate Meena Wong proposes tax on vacant homes (SCMP)
Australia/New Zealand
- New Zealand dollar caught between safe-haven and EM status (Euromoney)
- Commercial Work For The Dole & More 457’s (The Idiot Tax)
- Brian Toohey: Australia plays dangerous game with defense shift (Nikkei Asian Review)
- Seven things keeping house prices high (and foreign investment isn’t one of them) (The Conversation)
- Australian dollar: Is this the change we’ve been waiting for? (Fairfax)
- A bridge too far: Myer share slide turns into a rout (Fairfax)
- ‘Super precinct’ proposed west of Harbour Bridge (Fairfax)
- Melbourne’s building boom biggest since gold rush, says Planning Minister Matthew Guy (Fairfax)
- Hard to get work in the ‘lucky country’ (Fairfax)
- Seven deadly real estate sins (AFR)
- Artful dodger Sinodinos says he has no memory of individual funds (AFR)
- Reserve Bank leaves rates unchanged (NZ Herald)
Capital Markets/Commodities
- JPMorgan tells clearers to build bigger buffers (FT.com)
- Fortress finance pulls up the virtual drawbridge (Gillian Tett, FT.com)
- Should the Stock Market Rally When Interest Rates Go Down? (Caixin)
- Currency Wars and the International Economic Order (Fred Bergsten, Peterson Institute) (PDF) Lecture delivered at the Stockholm School of Economics, Stockholm, Sweden
- Other perspectives on the new bond market conundrum (Econbrowser)
- Forward Guidance Heading for a Change (Tim Duy)
- Analyzing Volatility For Timely Signals About Market Risk (Capital Spectator)
- Vietnam robusta coffee beans stockpiles at three-year low (SCMP)
- Iron producers destroyed their own profits (FT.com)
- No Rebound In Sight For Sliding Oil Prices (OilPrice.com)
- Update: Framing Lumber Prices (Calculated Risk)
- Brent, WTI Drop on Speculation Global Demand Is Slowing (Bloomberg)
- Wheat Falls to Four-Year Low on Global Supply Outlook (Bloomberg)
- Gold Falls to Eight-Month Low on Stable Inflation Outlook (Bloomberg)
- Uranium: Not if but when (Mineweb)
Global Macro/Theories and Concepts
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- Global banks retreat as the US and China tighten in lockstep (AEP, Telegraph)
- How the Rich Rule (Rodrik, Project-Syndicate)
- A Western Strategy for a Declining Russia (Nye, Project-Syndicate)
- Democracy in the Twenty-First Century (Stiglitz, Project-Syndicate)
- Islamic State’s Ultimate Goal: Saudi Arabia’s Oil Wells (OilPrice)
- Parallels to 1937 (Shiller, Project-Syndicate)
- Great Graphic: Central Bank Balance Sheets (Marc to Market)
- Buffett on Market Valuation (Brooklyn Investor)
- The World still fears fiscal crises (and much else),(Bruegel)
- Big banks don’t want to write living wills (Euromoney)
- Western intervention, gone wrong (Financial Post)
- Working hours A plea for more data (Economist)
- Elements of Europe’s energy union (Bruegel)
- The Right Weights for Mortgage Risks (Tyagi, Project-Syndicate)
- Restructuring Debt Restructuring (Eichengreen, Project-Syndicate)
- Jobless Rate May Be a Flawed Indicator for Fed Policy (NY Times)
- Reinventing the business model: high risk, massive rewards (Telegraph)
- Is Isolation Fueling the Rich-Poor Divide? (Reformed Broker)
- Is the ECB doing QE? (Vox)
- Quantifying the macroeconomic effects of large-scale asset purchases (Vox)
- To exit the Great Recession, central banks must adapt their policies and models (Vox)
- 7 Reasons the Economic Crisis is a Crisis for Economics (piera)
- UNCONVENTIONAL MONETARY POLICY SHOCKS AND THE SPILLOVERS TO EMERGING MARKETS (HKIMR) (Pdf)….
…and Furthermore…
- Want Fries With That? Nuclear Waste-Eating Bacteria Discovered (OilPrice)
- Corporations Aren’t Recruiting Enough Weirdos (Businessweek)
- Most Hedge-Fund Managers Are Overpaid, Big Investor Says (Bloomberg)
- Solar Storms May Affect GPS Data, Radio Transmissions (Bloomberg)
- Italian Police Uncover Massive Wine Fraud, Seize 200,000 Fake Bottles (Slate)
- Insurance Companies Want to Use Your Personal Data to Determine Your Premiums (Slate)
- Burger King invents black cheese for its black burger (Market Watch)
- Don’t give gifts to your heirs until you’ve answered this question (Market Watch)
- The Rise (and Likely Fall) of the Talent Economy (HBR)
- The Creative Benefits of Boredom (HBR)
- Saudi Arabia could fight ISIS with oil — if it can bear the price (Financial Post)
- Opening happiness: An oral history of Coca-Cola in China (Fortune)
- Is ‘Progress’ Good for Humanity? (Atlantic)