Star Cycle, Donald Laycock, 1972, National Gallery of Victoria
China
- China factory prices rise, fanning fears interest rates will increase – SCMP
- China steel exports set to shrink for the year since 2009 – SCMP
- Fears of long-term yuan weakness dampens investors’ appetite for China sovereign bonds – SCMP
- China’s producer price index catches a gust – Nikkei Asian Review
- Macau Casinos Plunge in Hong Kong on ATM Withdrawal Cap Report– Bloomberg
- Xi calls for strengthened ideological work in colleges– xinhuanet.com
- China is about to hit Macau hard, and casino stocks are getting spanked– Business Insider
- China Stole Data From Major U.S. Law Firms– Fortune
- Chinese Companies Return to Raising Equity– WSJ
- China’s Capital-Control Crackdown ‘Particularly Worrying’ for Businesses – Bloomberg
- Why China Can’t Stop Capital Outflows – Bloomberg
- Beyond Calm Chinese GDP Numbers, Volatility Runs Deep: BofAML – Bloomberg
- China Is Facing Growth Deceleration, Not Hard Landing – ValueWalk
- China Fires Warning Shot as WTO Hope Threatened – Caixin
Asia
- Gravy train ends as Japan pays for long-term debt once again – Nikkei Asian Review
- GDP accounting tweak brightens picture of Japan’s growth – Nikkei Asian Review
- A Banana Republic In The Making – “The Glue Of Reason In India Is Flaking”– Zero Hedge
- South Korea Parliament Votes to Impeach President Park Geun-hye – NY Times
- India’s Demonetization Disaster – Project-Syndicate
- Korea’s Park Impeached as Protesters Vent Anger Over Corruption – Bloomberg…Australia could learn something from this – heads on sticks…
- ENRC’s murky past comes back to haunt the rebranded Kazakh miner – BNE INtellinews…and there is a murky principal living just outside Melbourne, too…
- The Bank of Japan at the policy frontier – VoxEU
Europe
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- E.C.B. Extends Bond-Buying Program to Protect Eurozone Economy – NY Times
- McDonald’s to scrap Luxembourg tax structure – Guardian…gee, isn’t that nice…
- Italian patriotism will teach foolish markets a lesson – Telegraph, AEP
- Europe’s comfort blanket is being pulled away – Telegraph
- Draghi insists ECB trim is different from a taper– FT
- Air quality: new stricter limits for pollutant emissions – Consilium– European Union
- The Rise of Anti-Establishment Italy – Economonitor
- Europe at the War of Decimals – Economonitor
- Italy on the Brink – Project-Syndicate
- Can Trump Save the Euro? – Project-Syndicate
- Russia Expects a Taste of Its Own Cyber Medicine – Bloomberg…just a matter of time…
- Give Greece Credit, Even Just for Treading Water – Bloomberg
- Why Putin Scores Big With the Rosneft Deal – Bloomberg…keep an eye on Surgutneftegaz…
- Glencore Dealmaking King Returns With Wager on Oil and Putin – Bloomberg
- Rosneft privatisation is a coup for the Kremlin, less so for Sechin – BNE Intellinews, Aris
- Russia’s Rosneft sells 19.5% to Glencore, Qatar in surprise privatisation turnaround – BNE Intellinews
- Italian insurgents have the momentum if snap election is called – MarketWatch
- MPS and state aid: Hope, or a slippery slope? – Euromoney
United Kingdom
- National Grid sells majority stake in UK gas infrastructure to Chinese and Qatari state investors– The Independent
- McDonald’s to move international tax base to UK amid EU scrutiny– Reuters
- Britain is heading for the hardest of hard Brexits, but Theresa May can limit the damage– The Guardian
- Heard the latest Christmas story? It’s about how UK banks pay all their taxes – Guardian
- Tied to Europe, Britain’s Car Industry Is Vulnerable After ‘Brexit’ – NY Times
- Wage growth in the UK hasn’t been this bad since the 1860s– Quartz
- Brexit: Banks in ’advanced talks’ over mass move to Paris, says French regulator– The Independent
- Banks want to be subject to EU laws for five years in post-Brexit deal – Reuters
United States
- Trump era confronts organized labor with gravest crisis in decades – Washington Post
- American Dream collapsing for young adults, study says, as odds plunge that children will earn more than their parents – Washington Post
- Trump’s Labor Pick, Andrew Puzder, Is Critic of Minimum Wage Increases – NY Times
- Worried Auto Industry Braces for Change Under Trump – NY Times
- Michael Moore predicts Electoral College will deny Donald Trump: “He’s not president of the United States yet”– Salon
- Trump’s Transition Team ‘Is Like Game of Thrones’– NY Mag
- Trump ‘originals’ say they’re getting frozen out– Politico
- Trump’s pick for Labor Secretary is a big ‘screw you’ to the Fight for $15– Think Progress
- The Electoral College Is Great for Whiter States, Lousy for Cities– Wired
- Trump could privatize nation’s air traffic controllers– Reuters
- Donald Trump’s trade bluster– The Economist
- Growth, carbon, and Trump: State progress and drift on economic growth and emissions ‘decoupling’– Brookings
- The collapse of the political Left– Washington Examiner
- One Chart Shows Why the Odds Keep RisingThat the Fed Will Raise Rates – Economonitor
- The Trump Boom? – Project-Syndicate
- Mexico and China Are Very Different Trading Partners – Bloomberg
- U.S. derivatives regulator to move on from Dodd-Frank under Trump – Reuters
- The Congressional Budget Office just destroyed Trump’s budget promises – MarketWatch
- Half of Americans are “shut off from economic growth” – CBS
- Trade war with China: “A very dangerous domino” – CBS
- Inequality Is Killing The American Dream – FiveThirtyEight
- Why Trade Deficits Matter – The Atlantic…don’t tell anyone in Australia…
- Did Trade with China Make U.S. Manufacturing Less Innovative? – HBR
Americas
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- Brazil grapples with lynch mob epidemic: ’A good criminal is a dead criminal’– The Guardian
- Mortgage rates may finally be bottoming out in Canada, new report says – Financial Post
- Brazil’s export lull sets stage for record soybean shipments – Reuters
- Brazil’s Crooked Politicians Bite Back – Bloomberg
Terra Incognita
- Domainfax desperately defends the population Ponzi– The Age
- Take basic income and short working week seriously, Greens think-tank urges– The Guardian
- On climate policy and power prices Turnbull is talking rubbish. Here are some facts– The Guardian
- Disabled employees still offered $2.79 an hour despite it being ruled discriminatory– ABC
- Jaws drop at ABC as Michelle Guthrie defends Radio National cuts– The Guardian
- Corporate taxes not paid by more than a third of large companies– ABC
- Who pays what? ATO names large companies that paid zero tax in 2014-15– ABC
- The GDP wake-up call has been ringing for years. It’s just that nobody answered– The SMH
- S Kidman and Co: Scott Morrison approves sale of cattle empire to Gina Rinehart, Chinese consortium– ABC
- Australia won’t meet Paris climate change targets, urgent policy needed on emission reduction: Finkel report– ABC
- Government killed emissions scheme despite advice it could shave $15 billion off electricity bills– The SMH
- You say ‘elite media’, I say real journalism. And now more than ever we must fight to keep it– The Conversation
- Is The Rush To Approve One Of The World’s Biggest Coal Mines Delusion Or Corruption?– New Matilda
- Bill Shorten argues against reducing restrictions on book imports, wants ‘Australian stories told’– ABC
- Most remote work-for-the-dole participants fined, new figures reveal– ABC
- There is nothing illegal about Stephen Conroy’s new job – but it smells bad – The Age
- Xenophon criticises Stephen Conroy’s new job as gambling lobbyist– The Guardian
- Major banks consider raising variable interest rates again leading up to Christmas– News.com.au
- FMA grumpy about lax anti-money laundering compliance– Interest.co.nz
- More than a third of big companies paid no tax in 2014-15, ATO reports – Guardian…disgrace…
- Revealed: Rio Tinto’s plan to use drones to monitor workers’ private lives – Guardian
- The day the Australian economy ran out of luck (if only temporarily) – Guardian, Jericho
- Australia ‘hopeless’ if it can’t find opportunity in Asia’s middle class, Ken Henry says – ABC…what something other than money laundering and passport exports?…
- Who pays what? ATO names large companies that paid zero tax in 2014-15 – ABC…they should be deprived of government contracts for starters, and forensically examined by the ATO, and every super fund should identify if it is investing in them…
- Interest rates on mortgages likely to rise, despite steady Reserve Bank – ABC
- Corporate taxes not paid by more than a third of large companies – ABC
- Showdown between ATO and big business looms as list of company tax paid is revealed – Fairfax…believe it when you see a head on a stick…
- Williamstown RSL latest to shut as prime property prices trump clubs staying put – Fairfax…happening with RSL’s everywhere…
- Indian IT professionals on rock bottom 457 wages undermine Turnbull’s ‘innovation’ dream – Pearls & Irritations…met some this week – Indian, IT, and paid rock bottom…
- Why capital is fleeing China and what it means for Australia – The Conversation
- To protect markets we need strict penalties for insider trading – The Conversation…public knouting would be a good start…
- Falling school standards are taking a toll on Australia’s wellbeing – Fairfax
- Foxes in charge of the hen house – Fairfax…good read, ASIC is a fraud…
Commodities
- China crackdown could curb rare earths outflow – Nikkei Asian Review
- EU launches fresh action on cheap Chinese steel – Telegraph
- Glencore’s trading arm set to rake in cash from Rosneft oil deal – Telegraph…simply reeks…
- India seen facing tight wheat supply as Ukrainian shipments delayed – Reuters
- Stars may align for giant Papua New Guinea copper mine – Reuters
- China’s commodity party still going, but hangover risks rise – Reuters, Clyde Russell
- OPEC’s Agreement Is a Step Toward Stabilizing Oil Markets – Bloomberg
- OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles – Bloomberg, Blas
- Russia to hold additional talks before OPEC, non-OPEC meeting – Reuters
- The ‘weird’ commodity that’s hurting bears as prices double – Mineweb
- Coffee price rout to fade, Rabo says, noting ‘impressive’ demand – Agrimoney
- UN flags ‘low wheat price outlook’, as 2017 crops make good start – Agrimoney
Capital Markets
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- Poor old ECB. Damned if it does, damned if it doesn’t.– Bond Vigilantes
- The Duo Who Dethroned Pimco to Become Kings of the Bond Market– WSJ
- 2016 marked the end of the biggest bull market of our lifetimes– Yahoo
- Dow Theory Has Nothing To Do With Buy And Sell Signals– All Star Charts
- The End of the Bond Bull Market Will Hurt Stock Investors Too– WSJ
- Investing in 90 percent of hedge funds isn’t worth it: critics– NY Post
- SEC: Stock exchanges not immune from high-frequency-trading suit– Thomson Reuters
- Spread betters hit again as Germany unveils CfD crackdown – Telegraph
- Diversification Is No Fun – A Wealth of Common Sense
- BofA “Poorest Environment For Active Managers In History” As BTD No Longer Works – ValueWalk
Global Macro
- The Challenges Facing Globalization– NPR
- What the world can learn from the latest PISA test results– The Economist
- Rise of populism undermining developed market credit premium, S&P says – Financial Post…so the 1%ers will treat us as emerging markets?…
- Three reasons not to fear a dollar-driven financial crisis in emerging markets – SCMP
- Mapping Frontier Economies – HBR…worth a look…
- Don’t Cry Over Dead Trade Agreements – Project-Syndicate
- The Electoral Consequences of Globalization – Economonitor
- Who’s the bigger “currency manipulator” — China or Taiwan? – CBS
- This is the ‘most frightening chart’ that Albert Edwards wants investors to see – MarketWatch
- ThyssenKrupp secrets stolen in ‘massive’ cyber attack – Reuters
- Washington to check if Russia-Qatar oil deal violates sanctions – Reuters…big question is what does President trump do, if anything?…
- The fatal flaw in macropru: It ignores political risk – VoxEU
- Make globalisation more inclusive or suffer the consequences – VoxEU
- Global House Prices: Time to Worry Again? – IMF Direct
- Putin and Assad Are About to Achieve Their Biggest Victory in Syria – The Atlantic…but it comes with costs…
…and furthermore…
- Are workers right to be sceptical about productivity improvements? – Guardian, Jericho…when the proceeds go to the 1%ers, you betcha…
- First Dinosaur Tail Found Preserved in Amber– National Geographic
- Russia Tests Nuclear-Capable Drone Sub– Free Beacon
- ISIS has flooded Europe with 1,500 terrorists ’ready to launch attacks’– The Sun
- So, What Do Your Parents Do? And Your Great-Grandparents? – Bloomberg
- A Better Theory to Explain Financial Bubbles – Bloomberg, Smith
- What Happened to the Financial Blockchain Revolution – Bloomberg
- The Cure for Costly Housing Is More Costly Housing – Bloomberg, Smith
- A Really Cool Paper (And Graphic) On ETFs – ValueWalk
- Yep, Marijuana Legalization Is Bad News for Beer Sales – Slate
- Why Russia Is Using the Internet to Undermine Western Democracy – Slate…once there is no objective truth?…