China
- Bank regulator proposes tightest shadow lending oversight to date (SCMP)
- Early signs of a floor under China’s sinking property market (CNBC)
- A Real Deal: To appreciate the U.S.-China climate agreement, there’s only one number you need to pay attention to. (Slate)
- At Factory Waste Ponds, Fumes Choke Fantasies (Caixin)
- The Low Official Found with Towering Pile of Cash, Gold and Properties (Caixin)
- Xi puts the willies up China’s super wealthy (Finance Asia)
- Chinese general caught with tonne of cash (FT.com)
- China’s 600 Million Searchers Push Global Internet Toward Censorship (Bloomberg)
- Interest rates liberalization should be China’s top priority (WantChinaTimes)
- Is China Building a Mortgage Bomb? (Pesek, Bloomberg)
- China blinks as economic downturn deepens (Telegraph)
- Reforming China’s Commanding Heights (Project-Syndicate)
- Central Bank Cuts Benchmark Lending Rate (Caixin)
Asia
- China shows faith in Tajikistan with $3.2bn investment (BNE)
- China commits US$45.6b for economic corridor with Pakistan (SCMP)
- Modi Races to Give Indians Biometric IDs in Graft Fight: Economy (Bloomberg)
- Japan’s economy About that debt (Economist)
- Three assumptions about the Middle East that are just plain wrong (Reuters)
- Risk of disinflation looms over Asia as China’s prices stall (WantChinaTimes)
- THE LAND OF THE SETTING SUN (Pieria)
Europe
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- Russian stocks’ secret membership of Euroclear (BNE)
- Lessons from the Bank of Japan for the euro area (Bruegel)
- Why the ECB Needs to Go Risk-On (WSJ)
- Greece defies troika with new budget (FT.com)
- Google break-up plan emerges from Brussels (FT.com)
- ‘Globalisation 2.0’ – the revolution that will change the world (Telegraph)
United Kingdom
- Why UK needs ‘radical’ change as exports fall (CNBC)
- Chancellor haunted by deficit and £1.45 trillion debt pile (Telegraph)
- Britain’s net worth rises to £7.6tn (Guardian)
- Bank of England to probe whether staff helped rig money auctions (FT.com)
- Is the UK facing another financial crisis? (3 graphs) (Steve Keen, RWER) …turns his gaze to UK, and nails it…
United States
- The Fed’s Culture War (Project-Syndicate)
- U.S. underlying inflation rising; economy firming broadly (Reuters)
- The Global Economy’s Slowdown Weighs On US Manufacturing (Capital Spectator)
- Hidden story in US PPI increase (Sober Look)
- President Obama Announces Sweeping Immigration Reform Through Executive Action (Slate)
- Federal Reserve Could Add to Toolkit for Raising Rates (WSJ)
- Fed signals curbs on banks’ commodities trading business (FT.com)
- Under heat, Fed reviewing its large-bank examination process (Market Watch)
- The Fed Under Goldman’s Thumb: Segarra’s Picture Gets Senate Hearing (Bloomberg)
- Fed asks whether it is too close to banks (FT.com)
Americas
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- Housing bubble begone. Turns out we just might need all those new condos and houses (Financial Post)
- ‘A lot of choices to be made’ about GM’s future in Canada, says new president (Financial Post)
Terra Incognita
- Why RBA’s move to cool housing could backfire (CNBC)
- Reserve Bank unveils new banknotes (NZ Herald)
- China ‘fox hunt’ aid may be sought from NZ (NZ Herald)
- Australian-made submarines substantially cheaper than government suggests (Fairfax)
- Australian regulator moves against failed fund house LM (SCMP)
- In Defence Of Financial Planners (well not really) (The Idiot Tax) …good read, as always…
- Blackstone to buy Aussie chemicals firm for A$750m (Finance Asia)
- RBA’s Heath Says Mining Investment Decline a ‘Significant’ Drag (Bloomberg) …no surprise to anyone who has been following MB for any time …
- Meat Producer JBS to Pay $1.3 Billion for Primo (Bloomberg) …another ag producer goes offshore…
- Victorians – how we’ve changed and what it means for the state election (Fairfax) …lovely read from Tim Colebatch…
- It took only two days for Abbott’s ‘conversion’ to climate change to be exposed (Fairfax)
- ‘One in four Aussies will run out of money’ (Christopher Joye, AFR)
- News Corp’s new reality: Rupert Murdoch losing grip on empire (Fairfax) …bummer [not]…
- FOFA doesn’t clean up the financial advice minefield (Fairfax)
- Some perspective on the cuts to the ABC (Fairfax)
- Iron ore, coal slump to hit Federal Government budget hard (ABC) …Neal Woolrich nails it…
- Graphics: Sino-Australian Trade Deal (Caixin) …good graphic…
- The conservative crusade against the ABC (The Monthly)
- Modi Takes India’s Mojo to Australia (Bloomberg)
Commodities
- Senate Report Pulls Back Veil on the Banks’ Commodities Business (WSJ)…there are more veils to be pulled back…
- Gold volatility spikes in Asia during China’s lunch break (SCMP)
- Oil industry risks trillions of ‘stranded assets’ on US-China climate deal (Telegraph)
- At Denver marijuana trade show, green is the new gold (Market Watch)
- Russia to Cooperate With Saudis on Oil, Avoiding Output Cuts (Bloomberg)
- Iron Ore Completes Fifth Weekly Loss as ‘Worst Is Yet to Come’ (Bloomberg)
- LNG Plant Goes Against Australian Export Flow to Fuel Miners (Bloomberg)
- China Climate Pledge Needs 1,000 Nuclear Plant Effort (Bloomberg)
- ON OIL PRICES AND PROSPERITY (Pieria)
- DON’T BLAME IT ON RIO – GLENCORE MAY TURN OUT TO BE FORTUNATE IT HAD ITS ADVANCES REBUFFED (Pieria)
- Plunging iron ore price exposes ailing Chinese growth (Mineweb)
- In Senate hot seat, Goldman denies commodity manipulation (Reuters)
- Aluminium pricing may never be the same again (Mineweb)
- Unusual gold moves in Asian hours puzzle traders (Mineweb)
- BHP Billiton’s iron ore margins still good (Mineweb)
- Uranium prices continue huge rally as positive catalysts take hold (Financial Post)
- The Goldman Sachs Aluminum Conspiracy Was Pretty Silly (Bloomberg)
- China ends world’s oldest monopoly (FT.com)
- The cocoa crisis: why the world’s stash of chocolate is melting away (Guardian)
Capital markets
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- Markets Love Central-Bank Gifts (El-Erian Bloomberg)
- Bankers are about to ensure money transfers go underground (The Conversation)
- Germany’s Four Neins (Project-Syndicate)
- ON THE NEED FOR LARGE MOVEMENTS IN INTEREST RATES TO STABILIZE THE ECONOMY WITH MONETARY POLICY (Pieria)
- Wrath of Draghi: German Banks Impose ‘Punishment Interest’ (Contra Corner)
- Deformations On The Dealer Lots: How The Fed’s ZIRP Is Fueling The Next Subprime Bust (David Stockman)
- Vicious circle(s) 2.0 – while trying to sever the sovereign-banking link, we may be disregarding vulnerabilities from banks’ mutual interconnectedness (Bruegel)
- A Conundrum For Treasury Yields (Capital Spectator)
Global Macro
- Darling of EMs about to get more love (CNBC)
- Solving the investor’s Big Data problem (CNBC)
- Creativity, Corporatism, and Crowds (Project-Syndicate)
- The Next Trade Breakthroughs (Project-Syndicate)
- Does it really cost $2.6 billion to develop a new drug? (Washington Post)
- The Bloody History of Money, From Ancient Rome to ISIS (The Atlantic)
- 10,000 Foot View (Ivanhoff Capital) …where one candlestick equals a year…
- THE FIX IS IN (Pieria) …good read…
- Breaking the white male grip on markets (FT.com)
- Companies on trial: are they ‘too big to jail’? (Lawrence Summers, FT.com)
And Furthermore…..
- The World’s Most Powerful Computer Is Still in China (Recode)
- Why It’s So Hard for Millennials to Find a Place to Live and Work (The Atlantic)
- No country for young people: Demography may explain secular stagnation (Economist)
- Capital punishment: why new technologies are hurting us (for now) (Prospect)
- Monitoring Momentum With A Set Of Moving Averages (Capital Spectator)
- Post-Soviet Confidence Games (Project-Syndicate)
- Your Brain Can’t Handle the Stock Market (Ritholtz, Bloomberg)
- Flight MH370: Emirates chief Sir Tim Clark believes information is being concealed (Fairfax) …there are an awful lot of unanswered questions…