Tug Boat in a Boat, 1956, John Perceval, National Gallery of Victoria
China
- M&A: China’s world of debt – FT.com
- Overhauling China – Project-Syndicate
- China’s Crisis of Miscommunication – Project-Syndicate
- China’s Exchange-Rate Trap – Project-Syndicate, Eichengreen
- Pollution crisis is choking the Chinese economy – CNBC
- Medical Fees Proposal Jolts China’s Pensioners – Caixin
- China’s economic woes threaten its strategic goals – Nikkei Asian Review
- Kyle Bass – China’s $34 Trillion Experiment Is Exploding – Full Letter – Value Walk
- China’s Current Account in 2015: A Growing Trade Surplus – Peterson Institute
- Beijing is still loath to let go of China’s increasingly vital services sector – China Economic Review
- Could China Have a Reserves Crisis?– Council On Foreign Relations
- Bass Says China Bank Losses May Top 400% of Subprime Crisis– Bloomberg
- Yuan Declines Most in Two Weeks as Global Selloff Saps Sentiment– Bloomberg
- This is what’s choking the Chinese economy– CNBC
Asia
- Bank of Japan loses control as QE hits the limits – Telegraph, AEP
- The age of Asian infrastructure – Nikkei Asian Review
- The Bank of Japan Is Moving Too Slowly in the Right Direction – Peterson Institute
- Indonesia Relaxes Foreign Investment Limits For 29 Sectors – IB Times
- Japan’s economic roller coaster is headed for another dip – Japan Times
- Amid turmoil, housing market may get boost from refinancing rush – Japan Times
- Risk of Singapore central bank easing seen rising on growth woes – Business Times
Europe
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- Eurozone Economy Grows, but Total Output Still Lags Behind 2008 – NY Times
- Which of Europe’s Piigs might fly? – Market Watch
- Is the sovereign debt crisis coming back to haunt Europe? – Telegraph
- Why Europe’s big banks still scare investors – CNBC
- Swedish Bank Move Creates a Global Shudder – NY Times
- Why euro-zone ‘outs’ should join banking union – Breugel
- For Europe, Financial Innovation Is a Better Bet than a Fiscal Transfer Union – Peterson Institute
- CoCo bonds show confidence drop in European banks – World Finance
- Why Portugal is Important Even If You have No Direct Exposure – Marc to Market
- Swedish Bank Move Creates a Global Shudder – NY Times
- Putin is a bigger threat to Europe’s existence than Isis– The Guardian
- Medvedev lambasts ’stupid’ Merkel migrant policy– Yahoo
- Trump warns: Migrants will bring ‘end of Europe’– WND.com
- Why aren’t more of Russia’s banks failing? – BNE Intellinews
- Mortgages vs. pensions and blasts from the past – BNE Intellinews
- How Europe’s banks got themselves into this precarious position – Telegraph
- Italy Economy Barely Expands, Casting Doubts on Recovery Outlook – Bloomberg
- A Swedish Rate Cut Doesn’t Make Sense – Bloomberg
- Why Russia and Cyprus are getting cozy again – CNBC
United Kingdom
- UK growth to take a hit as builders and factories disappoint – Telegraph
- Central London Property Losing Haven Status as Bears Move In – Bloomberg
- U.K. Construction Data Cast More Doubt on Fourth-Quarter Growth – Bloomberg
- Britain, Better-off Out of Europe– NY Times
- Gilts plunge as interest rate rises recede – Guardian
- Why City firms struggle to challenge elitism – The Conversation
- Buy-to-let investing just became a very, very bad idea – Spectator
- Industrial data underline UK’s struggle to rebalance economy – FT.com
- How will the Brexit referendum affect the UK’s double deficit economy? – Lowy Interpreter
- CBI downgrades forecast for UK economic growth – Guardian
United States
- Yellen’s dilemma: A downturn with no easy response – Reuters
- Yield curve recession indicator sends warning on US economy – FT.com
- US Interest Rates: Risky Gradualism – Economonitor
- Bernie Sanders’s Tax Plan Would Test an Economic Hypothesis – NY Times
- Obama’s Budget Seeks to Ease Economic Fears for U.S. Workers – NY Times
- The For-Profit College Conundrum – The Atlantic
- In the US, a college education is far more expensive for women than for men – Quartz
- Former President Bush making SC campaign debut for brother next week– The State
- Fed Yet To Fully Embrace A New Policy Path– Economist’s View
- Recession talk: Is the US economy running on empty? – CNBC
- Clinton Adopts Sanders’ Rhetoric of `Rigged’ Economy in Debate– Bloomberg
- Markets may be tanking but the U.S. economy isn’t – CNN Money
- Can Obama help fix America’s retirement crisis? – CBS
- Yellen on negative rates: ‘We wouldn’t take those off the table’ – CNBC
- The story on real wages: four measures showing actual improvement – Bonddad
- How Much Does America’s Huge National Debt Actually Matter? – Time
- Forced Out: For many poor Americans, eviction never ends. – New Yorker
- The Clintons Have Lost the Working Class – New Yorker
- Congress bans import of forced labor products – AP
- Hyperinflation Paranoia Guides the Fed – Bloomberg
- Some Hedge Funds Want to Make Subprime Auto Loans Next Big Short – Bloomberg
- The poor are better off when we build more housing for the rich – Washington Post
Americas
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- Canada could adopt negative interest rates within the next two years, Citi says – Financial Post
- Flipping houses? Expect to face tax on 100% of your profits – Financial Post
- Shadow flipping could put Vancouver real estate deals under scrutiny from the taxman – Vancouver Sun
- Proposed bill seeks to track information involving B.C. real estate buyers – Vancouver Sun…now there is an idea…
- Oil slump raises Venezuela default risk – Euromoney
- Argentina’s Bond Fight Comes Down to Its Worst Bonds – Bloomberg
- Should Argentina now pay the ransom to its hostage-takers? – Prime Economics
Terra Specufestorus
- Shorten unveils Labor election policy: No more negative gearing existing homes – Fairfax…NG has the smell of death about it all of a sudden…
- Cap on negative gearing and work-related deductions being considered by Treasury – Fairfax, Martin
- PPP plundering takes its toll on love – Fairfax, West…superb read: and they want to get the private sector on a $50BLN teat with Medicare…
- Australia can have good jobs without sacrificing employment growth – Guardian, Jericho
- The economic gamble behind the election date – ABC, Jericho…good read…
- Australia’s new deputy PM opposes some foreign investment in agriculture – Nikkei Asian Review
- Reserve Bank governor Glenn Stevens: Political leaders are failing to lead essential tax discussion – Fairfax
- Tax reform: Treasury modelling presents taxing dilemma for Government – ABC
- Treasury modelling shows no growth lift from GST tax mix switch – The Conversation
- Untangling the debate on bracket creep, corporate tax rates and negative gearing – The Conversation
- Commodities won’t save Australia from recession: ASX boss Elmer Funke Kupper – ABC
- Breaking the taxi and dairy monopolies, Aussie style – Financial Post…it can be weird looking local through another nations press…
- Mitsubishi Heavy willing to build subs Down Under – Nikkei Asian Review
- Big Four banks have good reasons to worry – Fairfax
- Time to slaughter some sacred tax cows – Fairfax…yep…
- Australia’s population hits 24 million faster than expected – The Age… Watch your living standards fall…
- Turnbull, Trump and the rise of the CEO politician: we’re all just shareholders in Nation Inc – Guardian
- Malcolm Turnbull’s post-GST tax options – ABC, Verrender
- The Australia Institute Podcast: Follow the (Mining Boom) Money – TAI… Worth a listen…..
- Australian central bank governor hints Aussie dollar could fall on commodities drop – CNBC
- Minister dumped as Malcolm Turnbull keeps snap poll option alive – Fairfax…so close, yet so far…
- AGL pleads guilty to 11 counts of not declaring political donations – Guardian
- Market manipulation – ASIC better get it right, first time – The Conversation
- Explainer: what might upset Australia’s ‘rock solid’ banks – The Conversation
- Correct economic stance on TPP is lukewarm opposition – NZ Herald
- Labor promises to cut negative gearing and capital gains tax concessions – Guardian
Commodities
- China’s ‘zombie commodities’ haunt the market – Nikkei Asian Review
- Dryness remains a threat to world coffee output – Agrimoney
- Hedge funds wrong-footed by sugar price rebound – Agrimoney
- Iron ore’s false bull rally to plummet back to reality – Reuters, Clyde Russell
- Is Oil Becoming Stranded? – Project-Syndicate…good question to ask…
- Venezuela proposes OPEC, non-OPEC producers ‘freeze’ oil supply – Reuters
- The US enters a brave new world as it begins LNG exports – Platts
- Gold is back in vogue with investors, but the question is, does this rally have legs? – Financial Post
- Big mining finds what goes up must come down – Guardian
- The Golden Age – Sober Look
- Iran faces a bumpy road back to global energy markets – Bruegel
- Oil is back below $27 because there’s still way, way too much of it – Quartz
- Gold surges to 1-year high on financial uncertainty– Reuters
Capital Markets
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- If Credit Is Right, The S&P Is Facing A 40% Crash– Zero Hedge
- Buying the Dip a Distant Thought as Pessimism Grips Market – Bloomberg
- Five-Decade Market Pro Who Called Bond Rally Sees 1% U.S. Yields – Bloomberg
- This is a global stock market rout worth celebrating – Telegraph, AEP
- The world can’t afford another financial crash – it could destroy capitalism as we know it – Telegraph, Heath…but capitalism as we know it has become a game for the 1%ers…
- Like a game of Jenga, one wrong move could bring banks crashing down – Telegraph
- Yuan hits two-month high after China central bank liquidity injection – SCMP
- Investors flock to safe haven trades as sell-off deepens – CNBC
- Interest rate futures see next Fed move being a rate cut – CNBC
- Why Global Yields Are Collapsing – ETF.com
- Designing Growth-Indexed Bonds When Interest Rates Are Low – Peterson Institute
- Great Graphic: Dollar May Be Less Important for Fed – Marc to Market
- Bear Market Descends on Global Stocks– Bloomberg
- Forget the Great Recession—Welcome to the ‘Great Repricing’– Bloomberg
- Europe’s equity markets matter – VoxEU
- How the Yuan Crisis Could Forge a New Currency Order – Peterson Institute
- Market fears are feeding on themselves– FT
- Leading market historian: ‘Shares could halve from here’ – Telegraph
Global Macro
- The petrodollar age is no more but with it go old certainties – FT.com…great read…
- Negative Interest Rates Are Spreading Across the World. Here’s What You Need to Know. – NY Times
- Fed’s Yellen sticks to her guns as global market rout worsens – Reuters
- The Case for Breaking Up Too-Big-To-Fail Banks – Economonitor
- Is this the week central banks lost their market credibility? – Market Watch
- Falling oil prices will bankrupt the likes of Russia, Saudi Arabia – Market Watch
- The Negative Rates Club – Project-Syndicate
- The Trade Numbers Game – Project-Syndicate
- $8bn wiped off Boeing’s value by ‘accounting investigation’ – Telegraph
- This crisis has been caused by arrogant central banks – Telegraph, Heath
- Why the next recession could be different — and far more dangerous – Financial Post
- Trouble may be overblown, but when will it blow over? – Nikkei Asian Review
- Fed’s Yellen sticks to her guns as global market rout worsens – Nikkei Asian Review
- Fresh Wave of Selling Slams Global Markets– WSJ
- Risk Grows of Markets Sparking Recession– WSJ
- Federal Reserve Won’t Backpedal on Interest Rates, Janet Yellen Says – NY Times
- Using rules of thumb for exchange rate pass-through could be misleading – VoxEU
- World trade, 1800-2015 – VoxEU
- Capitalism’s growth problem – RWER
- Our dysfunctional monetary system (3 graphs) – RWER, Steve Keen…classic set of charts…
- Why is slow growth a problem? (4 graphs) – RWER…good charts…
- Seeing the Forest for the Trees – Marc to Market
- Bizarro World of Negative Interest Rates and Central Banks Pushing for Wage Increases – Marc to Market
- Central Banks Explore New Frontier– Bloomberg View
- How emerging market panic has infected the West – Nikkei Asian Review
- S. and Russia Announce Plan for Humanitarian Aid and a Cease-Fire in Syria– NY Times
- Russia warns of ’new world war’ starting in Syria– The Telegraph
- China’s Coming Devaluation: Another Consequence of the Fed’s Mistake of 2015 – Macro & Other Musings
- Creditors must brace for a tsunami of losses in a world awash with debt – Telegraph
- Once again, we are powerless before the financial storm – Telegraph
- The Shipping Industry Is Suffering From China’s Trade Slowdown – Bloomberg
- Racked Markets Hand Verdict to Central Banks on Sub-Zero Rates – Bloomberg
…and furthermore…
- Vaccines Versus Superbugs – Project-Syndicate
- Here Is The Real Reason Why Authorities Want To Ban High Denomination Bank Notes – Zero Hedge
- Be attuned to seniors who carry a burden of debt – Washington Post
- You’d have to pay an exit fee to give up your citizenship. Corporations? Nada. – Washington Post
- The Bitter Fight Over the Benefits of Bilingualism – The Atlantic
- The Link Between Neanderthal DNA and Depression Risk – The Atlantic
- Betrayed by the Dream Factory – Slate…good read on the dark side of student debt…
- The Origins of the Superrich: The Billionaire Characteristics Database – Peterson Institute…well worth a look…
- Work imitates life – Aeon…for too many managers life doesn’t imitate work enough…
- American Pharoah’s Second Life as a $200k-a-Night Stud – Bloomberg…speculation, or investment?…
- The Veggie Burger Principle – Priceonomics
- Money must be removed from politics, says OECD – World Finance…someone had better tell money…
- Music therapy increasingly recognized in Japan for hospital patients and elderly – Japan Times
- When Family Fortunes Beget Vicious Power Struggles – NY Times
- Do Economists Actually Believe “Greed is Good”?– Economics.com
- Can mass migration boost innovation and productivity? – Bruegel…not when their housing is a speculative plaything…
- The simple rule at the heart of finance is being broken– Quartz
- Gravitational Waves Exist: The Inside Story of How Scientists Finally Found Them – New Yorker
- How People Learn to Become Resilient – New Yorker
- The rules for avoiding poverty: stay in school, keep your job, and find love – Telegraph
- Ultimately, real resource availability constrains prosperity – Bill Mitchell
- Are the rich smarter or just craftier than the rest of us? – Fairfax, Gitto