Each Others Eyes, 1987, Fred Cress, National Gallery of Victoria
China
- Winning funds and influencing people: how one Chinese cadre revealed the unwritten rules of gaining Beijing’s favour – SCMP
- Land prices continue to sizzle in Shanghai – SCMP
- China’s Communist Party goes way of Qing Dynasty as debt hits limit – Telegraph, AEP
- Understanding China’s Rise: The Role of Captive Savings – Economonitor
- Why China Doesn’t Care About Privacy – Bloomberg
- What Can Be Learned From China’s Monetary Past – WSJ
- Regulators Poised to Restrict Asset Management Niche – Caixin
- Delistings on Hold as CSRC Slams a Back Door – Caixin
- Why The Latest Infrastructure Investment Drive Is Not Another Stimulus – Caixin
- China’s contradictions will catch up with it – Prospect
- China approves sweeping plan to clean up online finance industry: sources – Business Times
- More Chinese resource acquisitions on the way – Mineweb
- Chinese economy showing continued improvement in restructuring – China Times
- Quick Take: China promises to give up its debt addiction…again – CER
- China Opens Currency Markets To Foreign Commercial Banks In A Bid To Internationalize The Yuan – IB Times
- This Could Easily Become The Worst Urban Crisis In History – Seeking Alpha, Harry Dent
- Chinese officials ‘create 488m bogus social media posts a year’ – Guardian
- Chairman of another Chinese company goes missing – SCMP
- Chinese pork prices, up over 30 per cent in April, will stay high – SCMP
- Apple Case Underscores Pitfalls of Doing Business in China – NY Times
Asia
- In Japan’s Slow Economy, Rare Price Rise Prompts Surplus of Remorse – NY Times
- Thailand Inc. cozies up to the junta – Nikkei Asian Review
- Here’s why India is wooing the Middle East – CNBC
- China’s Debt Misery Finds Singapore – Bloomberg…and when it finds Australia?…
- Abenomics has over-promised and under-delivered – Reuters
- Indonesia’s Central Bank Leaves Key Rate Unchanged – Bloomberg
- Assessing Kazakhstan’s response to the economic crisis – BNE INtellinews
- Singapore domestic wholesale trade slumps in Q1 – Business Times
- OECD’s chief economist urges Japan to consider alternative rollout for sales tax hike – Japan Times
Europe
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- Germany Is Very, Very Tired – Bloomberg
- The Russian Economic Crisis: How Severe and How Long? – Economonitor
- How Europe Can Survive Without Introducing Sovereign Debt Limits – Economonitor
- Germany blocks out allies’ wails over Russian pipeline love – Politico
- Leverage a la Russe – BNE INtellinews
- Disentangling the nature of Italy’s capital flights – SoberLook
- EUROZONE’S SO-CALLED RECOVERY MASKS A DARK SECRET: MERCANTILISM – Pieria
- Despair, Layoffs In ‘Russia’s Detroit’ As Economic Downturn Batters Car Industry – IB Times
- Euro Area Exports of Goods Down in 1Q 2016 – Constantin Gurdgiev
- Eurozone Reflation – Core Issues – Seeking Alpha
- German construction boom extends into 2016, supports growth – Irish Times
- EU’s Moscovici says Greek debt relief deal ‘very close’ – RTE
- Cyclical analysis of the European economy in the spring of 2016: a new setback. Part 1 – Flassbeck-Economics
- Brazil, Croatia and Greece: does one need ‘neoliberal reforms to solve a country’s economic problems’? – Flassbeck-Economics
- The Case For Germany Leaving The Euro. #Gexit – Flassbeck-Economics…has been a plausible option since 2009…
- Brexit may be the best answer to a dying eurozone – Guardian
United Kingdom
- Bank of England may need to cut interest rates even if UK stays in EU – Guardian
- No wonder Britain isn’t saving – scandalous fees and obfuscation have destroyed our trust in money – Telegraph
- Buy-to-let to become ‘rich person’s game’ as another lender introduces harsher criteria for landlords – Telegraph
- Brexit and New Europe – Project-Syndicate
- The Economic Consequences of Brexit – Project-Syndicate
- UK housing crisis isn’t supply problem – Reuters
- The ‘Brexit’ Campaign: A Cheat Sheet – The Atlantic
- Fifteen to 20 nuclear units in US ‘at risk’ of shutdown: industry official – Platts
- ‘Brexit,’ a Feel-Good Vote That Could Sink Britain’s Economy – NY Times
United States
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- A Growth Rate Weighed Down by Inaction – NY Times
- A rise in US interest rates may come sooner than we thought – Guardian, Pratley
- Majority of Fed officials prepared to raise interest rates in June, documents show – Washington Post
- Rising gas prices are driving a surge in inflation – Washington Post
- U.S. economic data point to second-quarter GDP rebound – Reuters
- Dudley joins chorus of Fed officials seeing rate hikes soon – Reuters
- The Benefits of ‘Zoning Lite’ in Houston – Bloomberg
- Does the Fed Have Enough Time to Answer the Big ‘If’? – WSJ
- Blue billionaires on top. POLITICO’s list of Top 100 donors of disclosed money tilts leftward. – Politico
- Americans Don’t Miss Manufacturing — They Miss Unions – FiveThirtyEight
- Why hasn’t increased household formation led to increased housing construction? – Bonddad
- America’s luxury apartment boom is gentrification on steroids – Quartz
- The Number of Million-Dollar Homes in the U.S. Has Doubled in Four Years – Bloomberg
- The Fed Minutes are Noise – Value Walk
- US Earnings Recession: Four Quarters Long… but How Much Longer? – Constantin Gurdgiev
Americas
- Puerto Rico’s Debt Crisis Addressed in Bipartisan Bill – NY Times
- Skyrocketing housing costs ‘clear and present danger’ to Vancouver’s economy, new report warns – Financial Post
- There has never been a country that should have been so rich but ended up this poor – Washington Post
- Syncrude promises workers paycheques, no layoffs as oilsands sits idle during fires – Financial Post
- What the world can learn from Argentina’s holdout saga – VoxEU
Terra Specufestorus
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- Medicare co-payments are fine – for those with the capacity to pay – Guardian
- Better schools will benefit the whole economy. Why can’t the Coalition see that? – Guardian, Kouk
- Myer to close Wollongong, Orange department stores, 130 jobs to go – ABC…Geelong Next?…
- Feeney falls foul of the politics of negative gearing – ABC
- McDonald’s giving workers a ‘rotten deal’, says NTEU officer – ABC
- PEFO budget numbers unchanged, Treasury stands by forecasts – ABC…PEFO & Budget numbers are bullshit…
- The real story about growth and why we don’t need to worry about bracket creep – Guardian, Jericho
- Budget update says big spending cuts, or tax rises, needed to reach surplus – Fairfax
- Tax office introduces new rules for prestige property owners – Domainfax
- Major hotel chains shortchange housekeepers tens of thousands of dollars, investigation finds – Fairfax
- Questioning the assumptions underlying the Pre-Election Economic and Fiscal Outlook – The Conversation
- Labor seizes on Treasury and Finance secretaries’ warning about revenue – The Conversation
- Banking excuses wearing a bit thin – The Conversation
- Aussies Tax Foreigners Extra for Buying Homes – Bloomberg
- Templeton Sees Aussie Drop to 60s as China Spurs RBA Cut Risk – Bloomberg
- Don’t believe the budget forecasts: pre-election economic update – Fairfax, Martin
- Turnbull’s flubbed it, even if he wins – Fairfax
- Understanding how interest rates got so low – Fairfax
- Tasmania the unlikely star of Australia’s two-speed economy – Fairfax, Pascoemeter…must be doing a Tassie holiday…
- Australian labour market – continues to languish – Bill Mitchell
- Dairy giants under fire as Australian farmers get assistance – NZ Herald
- The Housing problem hits rock bottom – NZ Herald
- Is there any difference between Labor or Liberal coalition governments when it comes to economic management? – Pearls & Irritations, McMillan…very good read…
- The more we examine the Coalition’s ‘plan’ to cut corporate taxes, the more is revealed of its economic shortcomings. – Pearls & Irritations, McAuley
- Bamboo ceiling and the old boys club. Our business sector is not equiping itself for our future in Asia. – Pearls & Irritations, John Menadue
- Aussie wage growth remains at record low – Callam Pickering
- The increasing casualisation of Aussie employment – Callam Pickering
- Cutting taxes to balance the budget? You’re having a Laffer – ABC, Verrender
- Fairfax-Ipsos poll: Malcolm Turnbull’s approval slides as election campaign drags – Fairfax...6-1 going down, 6-1 going down…
Commodities
- Auto demand supports higher platinum prices – Nikkei Asian Review
- Crude tanker storage fleet off Singapore points to stubborn oil glut – Reuters
- Too costly to shut: Mine sales stumble on looming clean-ups – Reuters
- Ramping up actions, rhetoric won’t solve global steel glut – Reuters, Clyde Russell…good read…
- Hungarian treasure gains reputation among gourmands – Nikkei Asian Review
- Computing 2016/17 U.S. soybean carryout scenarios – Reuters
- Copper stocks pendulum swings back from Shanghai to London – Reuters, Andy Home
- The Iron Mountain on China’s Doorstep Tops 100 Million Tons – Bloomberg
- What the rise of electric vehicles means for lithium and PGMs – Mineweb
- The commodity that no one knows about but everybody wants to buy – Mineweb
- Australia faces competition from Malaysia, Guinea as key bauxite supplier to China – Platts
- World sugar stocks nearing ‘historically low levels’ – Agrimoney
- Canada’s canola area ‘has maxed out’, amid disease fears – Agrimoney
Capital markets
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- Analysts mull the effects of possible Fed hike on yuan, China equities – SCMP
- Charts reveal a bearish trend lurking in gold futures – Market Watch
- Deutsche Bank investigates suspicious trades – Market Watch
- Widening U.S. money fund spread sets stage for $400 billion shift – Reuters
- A 50-Year U.S. Bond Makes More Sense Than Ever – Bloomberg, Ritholtz
- Bring On the Currency War – Bloomberg, Kocherlakota
- The Fed Has Something to Prove to Wall Street – Bloomberg
- The Irresistible Force That Dominates Currency Markets Is Back – Bloomberg
- Why the U.S. Dollar Will Continue to Rally – Caixin
- The impact of competitiveness amongst banks on liquidity creation: Evidence from the US – VoxEU
- The leverage ratio versus Basel II myth – VoxEU
- Low interest rates and banks’ net interest margins – VoxEU…good read…
- Sovereign bond holdings in the euro area – the impact of QE – Bruegel
Global Macro
- G-7 finance officials set to debate stimulus Friday – Nikkei Asian Review
- Japan and the U.S. are headed for a showdown over currency manipulation – Market Watch
- Fighting the Next Global Financial Crisis – Project-Syndicate, Shiller
- Supply Side, Demand Side, or Innovation Side? – Project-Syndicate, Phelps
- What if central banks were no longer independent? – Market Watch
- Advanced Manufacturing May Change the Rules of Economic Development – Economonitor
- Shortening Distances in Economic Development: The Poor as a Digital Crowd – Economonitor
- From Record Highs to Equity Exodus amid Rising Global Risks – Economonitor
- Could a Hawkish Fed Bring Back the ‘Nightmarish Merry-Go-Round?’ – WSJ
- Zombie Banks Are Only Half Buried – Bloomberg
- Fed rate hike on the table for June – FOMC minutes review – Nordea
- The new normal that never was – VoxEU
- Lacking new ideas, G7 to agree on ‘go-your-own-way’ approach – Business Times
- The Biggest Bubbles: China vs. The U.S. – Value Walk
- G-7 finance chiefs tackle global revitalization efforts on day one of Sendai summit – Japan Times
- Limits Of Acceptable Stimulus – Seeking Alpha
- End Of Debt Supercycle Means Low Rates For Years To Come – Seeking Alpha…and that is what it has been, a debt supercycle…
- America’s central bank picks a poor time to get hawkish – Economist
…and furthermore…
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- Want Cheap Rents? Build Expensive Housing, Then Wait – Bloomberg…VKC to Melbourne, come in, over…
- Payment shock: bank customers could get zapped for overspending – Guardian
- Freakish fluke that 187-carat diamond pulled from Canada’s Arctic ice was ever found – Financial Post…good read…
- Scientists have determined how we can prevent half of all cancer deaths – Washington Post
- Ukrainian hacker pleads guilty to his role in international insider trading scam – Telegraph
- What’s Wrong With Executive Compensation? – Project-Syndicate…they tend to like themselves and think they are worth a lot (and think nobody else works like they do)…
- Toward a Viable Climate Target – Project-Syndicate
- Here’s what people in their 90s really think about death – The Conversation
- Will AI spark a wave of job losses in banking? This what the experts think – CNBC
- The Way Back for Monetary Policy – Project-Syndicate
- Monopoly’s New Era – Project-Syndicate, Stiglitz
- The Circular Economy: Butterflies and the Fourth Industrial Revolution – Economonitor
- So Long, Fat Expat Packages. Fewer Bankers in Hong Kong Get Them Now – Bloomberg
- An Equation That Subtracts From Inequality – Bloomberg
- Exploding Lake, Blood-Laden Drones Spur Rwanda Tech Boom – Bloomberg
- Eurovision’s odd odyssey to geopolitics in spandex – BNE Intellinews, Aris
- What’s your (sur)name? Intergenerational mobility over six centuries – VoxEU
- Regulation and growth – Bruegel
- The return of yellow fever tests global public health system again – Market Watch
- The False Promise of DNA Testing – The Atlantic
- How Big Pharma Uses Charity Programs to Cover for Drug Price Hikes – Bloomberg
- Lotto Tax – Why The Lottery Is A Regressive Tax On The Nation’s Poorest – Value Walk
- The Magic of Compound Interest – Value Walk
- Climate Change: ‘Fundamentally Unstable’ East Antarctica Glacier Heading Toward A Point Of No Return – IB Times
- How to Break Your Addiction to Work – HBR
- Keynes And The Quantity Theory Of Money – Seeking Alpha
- Indians demand government action after temperatures hit 51C – Guardian…that is a tad hot…
- AI will create ‘useless class’ of human, predicts bestselling historian – Guardian
…and at the bottom of the 9th…
- Homes: What you can buy for $75,000 – CBS… pretty much nothing in Australia…