China
- Chart of the day: China’s deflationary millstone (SCMP) …another real estate noose…
- China Said to Order Companies to Check Risks in Commodity Trades (Bloomberg)
- The Next Phase of China’s Financial Deepening (Project-Syndicate)
- Another Brother in Prominent Shanxi Family Is Target of Graft Investigation (Caixin)
- China’s Property Market Set for Correction, Not Collapse (Peterson Institute)
- China’s coal-bed methane prospects (CER)
- Beijing, international conference capital? (Nikkei Asian Review)
- China Interest-Rate Swap Complete Biggest Weekly Drop Since July (Bloomberg)
- Banking tricks blunt China’s drive to increase lending (Reuters)
- PBOC’s Hu says falling inflation biggest risk to China’s economy (SCMP)
- China Loosens Monetary Policy Further as PBOC Scraps Repo Sales (Bloomberg)
- Bumpy ride ahead for china’s top corporates (Finance Asia)
- China Surpasses Japan as World’s Second-Biggest Equity Market (Bloomberg)
- Record China Downgrades Test PBOC as More Defaults Seen (Bloomberg)
- Asymmetric rate cuts likely to put further pressure on banks (China Daily)
- China Has Pledged to Curb Its Smoking Habit, but Results Are Meager (Caixin)
Asia
- Japan mulls financing body to boost weapons exports (Japan Times)
- Reduced tax rate, security legislation top priorities for Komeito (Japan Times)
- Disemployment caused by Foreign Direct Investment? Multinationals and Japanese employment (Vox)
- India Eases Gold Import Restrictions to Remove Trade Distortions (Bloomberg)
- India Sees $15.6B Hit On State Lenders From Coal Verdict (IB Times)
- Putin Eyes India Energy Deals as Modi Seeks China Treatment (Bloomberg)
Europe
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- EU should be able to veto national budgets: Germany’s Schaeuble (Reuters) …good luck selling that…
- Juncker’s investment plan: No risk – no return (Bruegel)
- After zero rates, Sweden ponders next steps to avoid deflation (Reuters)
- Euro zone inflation back at five-year low in November (Reuters)
- Russia opens new front in gas war (BNE) ..and an influential one it is…
- Falling Spanish prices add to euro zone deflation pressure (Reuters)
- Europe feels sting in the tail of Russia sanctions (Reuters)
- Lending to euro zone private sector shrinks again October: ECB (Reuters)
- Europe’s German Ball and Chain (Project-Syndicate)
- Heightened French risk still imperilling the eurozone (Euromoney)
- Draghi Quest to Reach QE Consensus Starts With Asset Choice (Bloomberg)
- Summit of Failure: How the EU Lost Russia over Ukraine (Der Spiegel)
- Relations at Rock Bottom: Cracks Form in Berlin Over Russia Stance (Der Spiegel)
- German Foreign Minister: ‘Crimea Will Remain a Source of Conflict’ (Der Spiegel)
- ECB’s Draghi warns countries to reform as clouds gather over euro zone (Reuters)
- France, Italy, Belgium may break budget rules, EU to revisit in March (Reuters)
- Mario Draghi back on the defensive as euro project faces fresh turmoil (Telegraph)
- Leading French, German economists offer plan to counter EU “stagnation” (Irish Independent)
- Oil Makes Eurozone Inflation a Slippery Prospect (WSJ)
- Russia’s banks struggle as sanctions bite (BNE)
- Ukraine’s government: Tragedy and farce (Economist) …the eternal farce: oligarchs wanting the pie…
- EU’s Jean-Claude Juncker Presents Massive $380B Investment Plan To Boost Growth (IB Times)
- Gas cooperation in Cyprus not enough for reconciliation (Turkish Weekly)
- Spain’s bizarre tax laws make it easier to sell porn than theater tickets (Quartz)
United Kingdom
- British banks’ rotten culture will take generation to fix – think tank (Reuters)
- David Cameron: I’m ready to lead Britain out of Europe if migrant reforms fail (Telegraph)
- Britain’s energy policy is a catastrophic mess that will keep prices high (Telegraph)
- The house price party is over: Values in ‘luxury’ London fall (Telegraph)
- Battersea power station home prices ‘defying all logic’ (Guardian)
United States
- Fed’s latest invention holds promise for controlled rate rise (Reuters)
- Yet More Evidence that Pay Is Going Nowhere Fast (Blanchflower, Peterson Institute)
- Rock Bottom Economics: The Inflation and Rising Interest Rates That Never Showed Up (Krugman, NY Times)
- Wells Fargo: first big bank simple enough to fail (Reuters)
- Manufacturing’s false promise of a decent payday (Reuters)
- Why the odds are against you ever owning your own home (CBS)
- U.S. consumer, business spending data point to slowing growth (Reuters)
- Yellen’s ‘optimal’ model calls for rate hike this year, in theory (Reuters)
- US reluctant to extradite corrupt officials, Chinese foreign ministry claims (SCMP)
- The Federal Reserve’s Escape from New York (Project-Syndicate)
- How Baseball Statistics Can Help Explain the Economy (NY Times)
- There’s a Giant Contradiction at the Heart of the U.S. Economy (NY Times)
- US shale boom is same as dotcom bubble, says Russian oil executive (Telegraph)
- A Worrisome Slide For Inflation Expectations (Capital Spectator)
- The Fed concerned about “importing” disinflation (Sober Look)
Americas
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- IMF can’t stop worrying about Canada’s so-called housing bubble (Financial Post)
- Argentina’s Case Has No Victors, Many Losers (NY Times)
- Argentina accuses HSBC in US$3b tax evasion cases (SCMP)
- Liquidity and foreign asset management challenges for Latin American countries (Vox)
Terra Incognita
- Labor wins power as Coalition dumped after one term (Fairfax)
- Tony Abbott sweats as Victorian voters cast harsh judgment (Fairfax)
- Micro parties to control Victorian upper house, with Shooters Party likely winners (Fairfax)
- How to Buy a Used Car (Idiot Tax)
- Now is not a good time for the housing construction boom to end (Jericho, Guardian)
- Plunging Oil Threatens to Spoil Australia’s Next Gas Boon (Bloomberg) …game on Richie?…
- Australia Government Suffering Worst Polls as Abbott Breaks Vows (Bloomberg)
- Australia Starts to Turn as Non-Mining Investment Gains: Economy (Bloomberg)
- Australia set to tighten rules for foreign property buyers (SCMP)
- The noodle-bowl effect: Australian trade is increasingly complex (Conversation)
- Productivity could trump the iron ore price, but who’s counting? (Conversation)
- Liberalising land regulations would open new frontiers (Fairfax) …fancy that, freeing up land supply…
- Chart of the day: Sing when you’re winning (SCMP)…year end AUD of 79.5?…
Commodities
- Sliding investment, cost-cutting shows commodity boom-bust lives (Reuters) …Clyde Russell nails it- LNG NEXT TO JOIN IRON ORE, COAL …
- Panic In Crude Oil Prices (ShortSideofLong)
- Oil drop is big boon for global stock markets, if it lasts (Telegraph)
- Crude facts: why the plunging price of oil is not all good news (Guardian)
- Oil Enters New Era as OPEC Faces Off Against Shale; Who Blinks as Price Slides Toward $70? (Bloomberg)
- Canadian Natural Resources chairman sees oil touching US$30 a barrel (Vancouver Sun)
- U.S. crude down 10 percent post-OPEC, Brent breaks below $70 (Reuters)
- OPEC Gusher to Hit Weakest Players, From Wildcatters to Iran (Bloomberg)
- OPEC might get the last laugh on oil (MarketWatch)
- OPEC’s Prisoner’s Dilemma (Marc to Market)
- Renewable-energy stocks hobbled by OPEC (MarketWatch)
- Gold could face its own OPEC moment as Swiss referendum nears (MarketWatch)
- Iron Ore Caps Monthly Decline as Seaborne Supplies Increase (Bloomberg)
- Why the uranium market has recently given investors glowing returns (Quartz)
- Le Pen calls for audit of French gold reserves (Mineweb)
- Uranium price rally – on pause (Mineweb)
- Oil: The Good, the Better, the Ugly (WSJ)
- Mining suppliers face loss-making deals to stay alive (Mineweb)
- Top Tea Grower McLeod Sees Rebound on Record India Prices (Bloomberg)
- Japan Receives First U.S. Oil Since 2010 Amid Shale Boom (Bloomberg)
- The Abundant Commodity That’s Becoming Harder to Find (Bloomberg) …and Australia has tonnes…
- Oil in New Era as OPEC Refuses to Yield to U.S. Shale (Bloomberg)
- The Opec oil price still matters (just not as much as before) (Guardian)
- Will the Swiss go for gold? (Schiff, Financial Post)
- How JPMorgan struck gold with copper (Mineweb)
- Rio Tinto vows big returns despite iron ore rout (Mineweb)
- Private funds see promise in Australia’s battered mines (Mineweb)
- Farmed ‘Kindai Tuna’ output to triple, says Kinki University (Japan Times)
- OPEC is playing a dangerous game with oil markets (Platts)
- Dysfunctional Opec is stuck in the Sixties and must be reformed (Telegraph)
- Swiss vote provokes ‘6,000-year gold bubble’ attack (Telegraph)
- How markets finally beat OPEC’s oil-price chokehold (Financial Post)
- Speculators increase bets that Brent crude will fall to $65 in first quarter (Reuters)
- LBMA takes stake in gold, platinum, palladium benchmarks (Reuters)
- Renewable Energy: Does It Need Critically Rare Materials? (Financial sense)
Capital Markets
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- Where others fear to tread (Economist) ..this man is very very good…
- Frequent but inefficient (Economist)
- Bob Diamond: I have opportunities not seen for 30 years (Telegraph)
- Tightening by superpower Fed trumps mini-stimulus in Europe and Asia (Telegraph)
- Financial systems must consider extreme weather, or risk condemning millions to die (Guardian)
- Insurers and fund firms battle it out for pensioners’ cash (Reuters)
- The Geopolitical Impact of Cheap Oil (Project-Syndicate)
- Causes of the G7 fixed investment doldrums (Vox)
- The role of bank guarantees in international trade (Vox)
- Productivity, pricing power, and exports (Vox)
- Vicious Cycle 2.0: European bank interconnectedness and vulnerabilities (Pieria)
- Is Abenomics discrediting Keynesianism? (Pieria)
- So banks are too big to fail. Are they also too big to regulate? (Guardian)
Global Macro
- Political crisis is the big market nightmare now (Telegraph)
- We should cash-bomb the people – not the banks (Guardian)
- Five Economic Trends to Be Thankful For (NY Times)
- WTO clinches first global trade deal in its history (Reuters)
- Why do nearly 40 percent of Germans endorse Russia’s annexation of Crimea? (Washington Post)
- Seven years after: why this recovery is still a turkey (RWER)
- Summits that matter, summits that don’t (Liam Halligan, BNE)
- Beware overselling the case for free trade (Conversation)
- Go where it is darkest: When company, country, currency and commodity risk collide! (Musings on Markets)…very interesting read…
- WTO deal paves way for implementing landmark trade pact (Japan Times)
- «We all are in a Ponzi world right now. Hoping to be bailed out by the next person» — interview with DANIEL STELTER (Janela na web) …yep, very good interview…
And Furthermore
- British Developer Vincent Tchenguiz Files $3.5 Billion Claim Over Iceland Bank Inquiry (NY Times)
- Emperor’s New Clothes: Money Lacking for Facade of Berlin’s New Palace (Der Spiegel)
- Dr. Web: German Medical Start-Ups Aim to Digitalize Healthcare (Der Spiegel)
- What have climate engineering boffins learned? (ScienceInsider)
- Star quality – Focus your attentions on a fund’s process, not its manager (Pieria)
- Food Smuggling: Why Commodities Traders Should Care (WSJ)
- Get a degree in drones: earn $100,000 a year (Market Watch)
- A Respectful Deference to Elders Curdles Into a Fight Over Assets (NY Times)
- Our planet may be on the verge of its sixth mass extinction (Washington Post)
- Shades of complexity dominate the debate over ‘net neutrality’ (Washington Post)
- Why Government Workers Are Harder to Motivate (HBR)
- The loaded language of austerity – but all the sinners are saints! (Bill Mitchell)
- Poor kids who do everything right don’t do better than rich kids who do everything wrong (Washington Post)
- Malnutrition, nutrients and obesity: Feast and famine (Economist)
- INSIDE ELON MUSK’S $1.4 BILLION SCORE (Fortune)
- What the Dickens? How 21st-century capitalism is producing 19th-century working conditions. (Fortune)
- Maglev elevators are coming that can go up, down, and sideways (Quartz)
- Are you heading toward a retirement crisis? (CBS)
- Bride in hospital, groom and best man charged after Hobart wedding brawl (ABC) …don’t you miss those days?…