Fred Williams, Lal-Lal Falls, 1976, Art Gallery NSW
China
- Xi Unveils $60 Billion Funding Pledge at South Africa Summit – Bloomberg
- Think tank calls for new steps to support the housing market – China Daily
- Top China Cop Targets Bankers After Putting Away Security Czar – Bloomberg
- True global status for yuan remains a distant prospect – Nikkei Asian Review
- China to Start Stock Circuit Breaker After New Year, Caixin Says – Bloomberg
- For China, the End of the Beginning on Road to a Global Currency – Bloomberg
- China’s richest man, Wang Jianlin, blasts ‘money-squandering’ e-commerce start ups – SCMP
- China signs deals worth HK$50 billion with South Africa – SCMP
- China’s Twin Challenges – Project-Syndicate, Turner…good read…
- China’s Online Financial Sector Comes of Age – Project-Syndicate
- China’s music dream is out of tune with reality – Reuters
- Banks Raise Dams, Fend Off Toxic Debt Crisis – Caixin
- Bumpy Road Ahead for P2P Lending Industry, Analysts say – Caixin
- Hong Kong Housing Bubble Suffers Spectacular Collapse As Sales Plunge 42% To Record Low – Zero Hedge
- China to become global nuclear energy player with 110 reactors – China Daily
- Yuan’s credibility hinges on liberalization – Nikkei Asian Review
- Default looms for 300m yuan bond issued by Sichuan Shengda Group – SCMP
- China expected to double strategic oil purchases next year – Reuters
- Li pledges to cut back on overcapacity – China Daily
Asia
- Tokyo to slash debt dependence in fiscal 2016 – Nikkei Asian Review
- Refinancing woes weigh on Indonesian companies – Nikkei Asian Review…this is being replicated across the EM space…
- Sizing up the Asia Pacific’s booming alternative finance sector – The Conversation
- Japan’s Solution Is to Raise Wages by 10 Percent – Peterson Institute
- Could Indonesia’s entry complicate an OPEC production cut? – CNBC
- Electricity shortages and industry: Evidence from India – VoxEU
- Is the renminbi’s future as a global or regional currency? – VoxEU
Europe
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- ‘There cannot be a limit’ to stimulus, says ECB president Mario Draghi – Telegraph…was he just speaking for the ECB?…
- Mario Draghi riles Germany with QE overkill – Telegraph, AEP
- Bank of France trims French growth, inflation estimates – CNBC
- Russian pipeline drives through the heart of Europe – BNE Intellinews
- Investors got ECB odds wrong but Draghi could pay hefty price – Guardian
- How the eurozone missed its shot at a recovery – Telegraph
- European Commission launches probe into McDonald’s tax affairs – Telegraph
- Turkey row leaves Russia stuck with abandoned gas pipes worth billions – Reuters
- A Ukrainian oligarch’s foiled homecoming – Politico…people like this run Ukraine….
- Europe’s Barbarians Inside the Gate – Economonitor, Roubini
- Bundesbank’s Weidmann sets face against ECB moves – Market Watch
- Cold Turkey for Russian holidaymakers as geopolitics clip their wings – BNE Intellinews
- EZ internal devaluations: Evidence on negative demand spillovers – VoxEU
- Luxembourg plots to steal London’s financial crown – Telegraph
- Mario Draghi’s big bazooka turns into a peashooter – Guardian
- Brussels confirms major investigation into McDonald’s tax deals– Guardian
- ECB comes up short: Investors disappointed after Draghi fails to deliver another bazooka – Financial Post
- Overcoming Europe’s Twin Growth Challenges – Project-Syndicate
- Speculation grows about Kudrin rejoining Russian government – BNE Intellinews…the only man VVP listens to…
- Distributional consequences of asset price inflation in the Eurozone – VoxEU
- China, the SDR and a Less Eurocentric World – Caixin, Chandler
United Kingdom
- UK house prices set to rise further as demand outstrips supply – Guardian
- Britain’s dominant services sector drives growth in the final quarter – Telegraph
- US, UK tout 1815 pact as ‘Brexit’ question looms – Politico
- City of London’s tax bill hits highest since financial crisis – Telegraph
United States
- U.S. economy added 211,000 jobs in November; unemployment rate holds at 5 percent – Washington Post
- Trade Gap Unexpectedly Widens on Drop in U.S. Exports – Bloomberg
- Fed’s Yellen faces battle in 2016 after getting all clear for December hike – Reuters
- Sturdy U.S. employment report a green light for December rate hike – Reuters
- Strong US jobs growth puts Fed on track to raise interest rates – Telegraph
- Robust Jobs Report All but Guarantees Fed Will Raise Rates – NY Times
- The Economy Is Growing, but Not Fixed Yet – NY Times
- US economy adds 211,000 jobs as interest rate hike nears – Guardian
- Yellen Says Economy Is Ready for an Interest-Rate Increase – NY Times
- In Pennsylvania, a Steel Mill and Its Workers at a Crossroads – NY Times
- Chinese Cash Floods U.S. Real Estate Market – NY Times
- Failure at the Financial Stability Board – Project-Syndicate
- U.S. officials seek business help to sell Pacific trade pact – Reuters
- Tax deal swelling into $800 billion blowout – Politico
- A battle over billions in business tax incentives – CBS
- Good Times Are Back For American Autoworkers After A Long And Painful Road – IB Times
- Mass Shootings: Gun Control Advocates Face An Industry With Big Economic Footprint Across America – IB Times
- Auto Loan Madness Continues As US Car Buyers Take On Record Debt, Lunatic Financing Terms – Zero Hedge
- November ISM non-manufacturing confirms consumer growth – Bonddad
- Private-sector job growth accelerated to 217,000 in November, ADP says – LA Times
- Landlords to Pay $5 Million for Dodging Rent Laws – ProPublica
- Jobs report’s big question mark: Will pay growth continue? – CBS
Americas
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- Canada faces house-price dilemma in push to tighten mortgages – Financial Post
- Foreign owners took a bigger piece of Toronto, Vancouver condo markets in 2015: CMHC – Financial Post
- Brazil’s Economy Shrank 1.7% In Third Quarter – IB Times
- Stephen Harper’s cuts help Canada buck global post-recession trend toward higher taxes – Financial Post
- Mortgage industry insider says Finance is pondering hike to minimum down payment – Financial Post
- Expect more North American oil, gas companies to default if price slump continues: Moody’s – Financial Post
- Canada loses almost 36,000 jobs in November, as economy veers to downward course – Financial Post
- Puerto Rico’s Debt Relief to Get Supreme Court Hearing – NY Times
- Canada October Trade Deficit Exceeds All Forecasts on Exports – Bloomberg
- Goldman Warns of Brazil Depression After GDP Plunges Again – Bloomberg
Terra Tax Avoidus
- Be sure to read the fine print in Turnbull’s mid-yeareconomic update – The Conversation
- Tax and regulation key to Turnbull dream of agile economy – tech guru – Guardian
- Australia’s GDP up 0.9% over quarter – great headline but not the full story – Guardian
- Macquarie Bank under fire after ‘get rich quick’ pitch leaves investors in debt – ABC
- NBN Co accused of duplication, overbuilding existing internet services – ABC
- Time to focus on what is important after Senate blocks changes to boards of superannuation funds – ABC
- BHP Billiton can’t afford another train wreck – Fairfax
- Gina Rinehart’s Roy Hill forced to arbitration with Samsung – Fairfax
- New laws target financial planner ethics and education standards – Fairfax
- A European Union-Australia trade deal may heal a troubled history – The Conversation
- Industry super funds saved from US-style ideology – The Conversation
- Why levying GST on banking has been in the ‘too hard’ basket – The Conversation
- Too middle class for a mortgage: Broker claims ‘nanny state’ banks turning down families with high spending – NZ Herald
- Rent-seekers in the motor industry – Pearls & Irritations
- Why we don’t want private health insurance for primary care – Pearls & Irritations
- Cory Bernardi crosses floor and unleashes on Turnbull over tax disclosure backflip – Fairfax
- Phoenix Institute closes after government crackdown, students devastated – Fairfax
- Your insurer wants to know everything about you – Fairfax…so they can work out when you should die?…
- The renaissance of Rio Tinto has Sam Walsh smiling – Fairfax… corporate panegyric again on the menu…
- Australian economy’s miraculous escape or just maths? – Fairfax, Gitto
- Financial planner code of ethics in spotlight – Fairfax…didn’t know they could make light beams that small…
Commodities
- Paralysed Opec pleads for allies as oil price crumbles – Telegraph, AEP
- OPEC Fights to Stay Relevant – Bloomberg, Bershidsky
- OPEC Offers No Hope for End to Oil Slump as Target Removed – Bloomberg
- OPEC fails to agree production ceiling after Iran pledges output boost – Reuters
- OPEC’s ‘victory’ against rivals comes at heavy price – Financial Post
- Why Bankruptcy Might Be the Mining Industry’s Last Best Hope – Bloomberg
- Don’t write off the future of oil and gas just yet – Telegraph
- Oil traders get closer look at what might prompt Saudi rethink – Reuters
- Congo mine tests Glencore’s efforts to weather copper slump – Reuters
- OPEC Heads for Status Quo as Members Clash Over Output Cut – Bloomberg
- Gold continues to fall – so why do these investors still own so much of it? – Telegraph
- Oil speculators risk ‘short squeeze’ if impulsive Saudi Prince throws Opec surprise – Telegraph, AEP
- Budget deal could lift oil export ban – Politico
- Gold miner Newmont sees costs below $1,000/ounce for next 5 years – Reuters
- OPEC set for policy rollover, no sign of Saudi cut plan: sources – Reuters
- Why the Chinese metal production cuts won’t work – Reuters, Home
- Expensive oil options point to fear of sudden price move – Reuters, Kemp
- Nickel’s caught in a vicious circle but who’s to blame? – Reuters, Home
- Iran renews oil contracts with China, taps new buyers – Reuters
- BHP Billiton CEO bearish on commodities price outlook – Reuters
- Steel profit secondary to China mills exporting record surpluses – Mineweb
- The price of oil and the price of carbon – VoxEU
- Glencore’s credit rating under strain if copper remains down – Mineweb
- The 3 factors that are overwhelming OPEC – CNBC
- Egypt: The catalyst for a new Eastern Mediterranean gas hub? – Bruegel
- Russia-Turkey wheat trade up in the air as war of words continues – Platts
Capital Markets
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- There’s Been a Bezzle-Fueled Boom in Bonds – Bloomberg
- Gross Says `De-Risk’ Portfolios as Wile E. Coyote Time Nears – Bloomberg
- Ten Years of Failure and Counting; Analysts Misjudge Yen, Aussie – Bloomberg
- Which currencies will swim and which will sink as US raises interest rates? – SCMP
- Reinventing Financial Regulation: A Blueprint for Overcoming Systemic Risk – Peterson Institute
- How Non-Bank Lenders Pull Business from Banks – WSJ
- A contrarian perspective on the short euro trade – Sober Look
Global Macro
- Negative interest rates: Bankers v mattresses – Economist
- The Great Policy Divergence – Nikkei Asian Review, El-Erian
- Why Negative Interest Rates Are Becoming the New Normal – NY Times
- China’s Slowdown Tarnishes Economic Boom in Copper-Rich Zambia – NY Times
- Trends in International Reserves, China Aside – Peterson Institute
- Why Syria is the canary in the coal mine for a new era of world conflict – Reuters
- Presenting The Mechanics Of “Liftoff” Or, How The Fed Actually Hikes Rates – Zero Hedge
- 11 “Alarm Bells” That Show The Global Economic Crisis Is Getting Deeper – Zero Hedge
- Emerging economies look to replicate Asia-Pacific success – Nikkei Asian Review
- Import competition and mental distress: The hidden cost of globalisation – VoxEU
- Demand, Supply, and what is new after 2008 – Angry Bear…worth a look…
- Demand, Supply, and Macroeconomic Models – NY Times, Krugman…worth a look…
- The Trouble With Interest Rates – Project-Syndicate, De Long…something to think about…
- PIIE Chart: How Quickly Are Tariffs Eliminated in the TPP? – Peterson Institute
- Scared of a China hard landing? You should be – CNBC
- How Mark Zuckerberg’s Altruism Helps Himself – ProPublica
- The Real Value of the ISIS Antiquities Trade – New Yorker
- Global Tax Dodging Just One Part of Pfizer’s Corrupt Business Model – INET
- Have central banks lost their ability to control inflation? – Bruegel
- Interest Rate Policy Uncertainties – Economonitor
- The IMF’s decision on the yuan is a victory for China — and a challenge – LA Times
- Fears grow over the ‘Karabakh factor’ in Russia-Turkey spat – BNE Intellinews…this is where a Russia-Turkey spat becomes very dangerous…
…and furthermore….
- Mega cities will be hot spots for real estate investment in new growth era – SCMP…not if there are ghost cities near them…
- Low fossil fuel prices hindering climate change fight, says IMF – Guardian
- The unusual story of America’s first mass shooting – Washington Post
- Reverse mortgages require a lot of forward thinking before committing – Washington Post
- Cancer-Drug Prices Vary Widely Even Among Countries With Curbs – Bloomberg…why would drugs be more expensive in NZ than Oz?…
- Zero to Expert in Eight Hours: These Robots Can Learn For Themselves – Bloomberg
- Sexually transmitted debt: The surprise you don’t want this Christmas – ABC
- Zuckerberg Defends Structure of His Philanthropic Outfit – NY Times
- How Mark Zuckerberg’s Altruism Helps Himself – NY Times
- Germany May Offer Model for Reining In Fossil Fuel Use – NY Times
- Pfizer’s Long War on Taxation – NY Times
- Imagining a World Without Growth – NY Times
- From Good Intentions to Deep Decarbonization – Project-Syndicate
- Antimicrobial Resistance on the Global Agenda – Project-Syndicate
- Global taxi app alliance will test faith in Uber – Reuters
- The Vatican can’t seem to get out of the secrets business – Reuters
- If the answer is $2.3 trillion, can you guess the question? – Reuters
- Zuckerbergs to give 99% of their Facebook shares to charity – LA Times
- The Welfare State: A Terrible Name for an Essential System – The Atlantic
- The Return of Syphilis – The Atlantic
- FIFA in Double Trouble – The Atlantic…an ugly organisation…
- Age Discrimination In The Job Market May Hurt Women More – FiveThirtyEight
- What Can You Actually Do With Your Fancy Gene-Editing Technology? – The Atlantic
- To Edit the Human Genome Now Would Be “Irresponsible” – Slate
- The Race to Create Elon Musk’s Hyperloop Heats Up – WSJ
- Greenhouse-gas emissions: current level, proposed level and level needed to avoid calamity – RWER
- World’s richest 10% produce half the pollution: Oxfam – CNBC
- THE GROWING VALUE OF SOCIAL SKILLS – Pieria
- Paris Climate Talks: Nuclear Fusion Is The ‘Holy Grail’ Of Clean Energy Technology – IB Times