Macro Markets, Economics & Investing
- Global clean energy spending falls 18% as environmental policies suffer from Brexit-Trump effect – Worldwide investments in renewable power tumbles to $287.5 billion in 2016 following previous year’s record high – Independent
- Pound sterling hits a new 31-year low against the dollar – Independent
- Europe’s biggest fund manager says the U.S. stock bulls got it wrong – Bloomberg
Asia
- Chinese state media tells Donald Trump’s team to ‘prepare for military clash’ over South China Sea remarks – Independent
- China vows to nip patriotic protests in the bud to maintain stability – SCMP
- A Chinese Carrier in the Taiwan Strait Isn’t Always a Reason for Panic – The Diplomat
- China’s commodities appetite shows little sign of waning in December – Reuters
- Thirty-Two Tons a Second Shows China’s Record Iron Appetite – Bloomberg
- What’s Causing Those Capital Outflows From China: QuickTake Q&A – Bloomberg
Europe/Middle East
- Germany posts a 6.2 billion budget surplus in 2016. – Reuters
- German foreign minister ‘perplexed’ by Trump’s ‘Nazi Germany’ attack. After president-elect likened Russia dossier leak to work of Nazis, Frank-Walter Steinmeir says he is at a loss over Trump’s remarks. – The Guardian (don’t worry, everyone is, especially those who remember the birth certificate issue)
- Erdogan backs Trump against CNN: “Look how Trump put CNN reporter or columnist in his place” – one douche deserves another?
- Universal Basic Income dominates French Socialists’ primary debate; “Benoit Hamon” 3rd candidate in the polls firmly defends the idea that basic income will become a necessity in the 21st century – En Fr
- German economy grows at fastest rate in five years – Reuters
- Russia acknowledges threat from Trump’s energy policy on EU gas market – Reuters…this is where the bromance will divide…
- U.K. Inflation on the Rise Keeps Balance Tilted Toward BOE Hike – Bloomberg
- Draghi’s Inflation Upturn Reopens Divergences Across Region – Bloomberg
- Davos Wonders If It’s Part of the Problem – Bloomberg…penny dropping…
Americas
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- Le Pen Spotted at Trump Tower During Unannounced New York Visit – Bloomberg
- Mexican President: Donald Trump’s Border Wall Is ‘Against Our Dignity. – HuffPo
- Pravda on the checkout line, how American tabloids are Trump’s mouthpiece – Politico
- Barack Obama awards a tearful Joe Biden the Presidential Medal of Freedom, the highest US civilian honour – BBC (go and watch Biden’s acceptance speech)
- Mnuchin Might Have to Wait Until February for His Final Start Date – Bloomberg
- Making Canada Economy Great Again Won’t Be Easy Under Trump – Bloomberg
- Retail Sales Figures Bear Out America’s Storefront-to-Online Shift – Bloomberg
- Lockheed Tells Trump It Will Cut F-35 Costs, Create New Jobs – Bloomberg
- Cyberwar Has Gone Public, and That’s Dangerous – Bloomberg
- Trump adviser: TPP ‘dead,’ will move quickly on bilateral trade deals – Reuters
- U.S. launches WTO complaint over Chinese aluminum subsidies – Reuters
Terra Nullus and UnZud
- UK and New Zealand plan free trade deal after Brexit – BBC News
- Sussan Ley quits as health minister, Turnbull announces reform – ABC
- LNP MP Steve Dickson defects to One Nation – ABCNews
- Paul Keating thinks new US Secretary of State is dragging Australian into war with China – ABCNews (the 51st state must comply!)
- Australia and Japan need each other more than ever – AFR
- Turnbulls spin on MP entitlement reform – The Australian
Other:
- The Emergence of a Post-Fact World – Project-Syndicate, Fukuyama
- Japan firm considers 3-day weekends as nation rethinks culture of long work hours – Todayonline
- Pope Throws Down Gauntlet To Religions: No Killing In God’s Name – Cruxnow (again, have to respect this Pope)
- WikiLeaks’ Julian Assange agrees to extradition if Barack Obama releases Chelsea Manning – DailyMail
- Astronomers spot signs of weird quantum distortion in space – ScienceMag
- Economic Crises and the Crisis of Economics – Project-Syndicate
- Trumpian Uncertainty – Project-Syndicate, Stiglitz
- Confusion about the lender of last resort – VoxEU
- Helicopter money: Loved, not spent – VoxEU
- Immigration and economic prosperity – VoxEU
- The future of central bank independence: Results of the CFM–CEPR Survey – VoxEU
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