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Morning All.
Here is some stuff Reynard the Fox found interesting today.
Global macro:
- Interesting take on Facebook and the demise of public companies – The Economist
- More correction to come? – Prag Cap
- JPM returns $168 million to MF Global – Bloomberg
- The Fed may come again with another twist – Bloomberg
- Does Canada have Dutch disease? Globe and Mail
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United States:
- Facebook’s first trade was $42.05 but it closed at $38.23 – the party fizzles, New Yorker
- Inside JP Morgan’s blunder – Wall Street Journal
- Dimon in the rough – The Economist
- What contribution might housing make to GDP? Modeled Behavior
- The prospect for lower gasoline prices. Econbrowser
Europe:
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- Plans continue for the Greek exit – The Telegraph
- Apparently their getting ready to print Drachma’s again – Reuters
- Roubini, Greece must exit – Pro Syn
- Chart from Scott Barber of Reuters on the yawning gap between ECB rates and German bond rates
- Spain’s bank stock prices rallied but not the CDS – FTAlphaville
- This rise in bad loans probably didn’t help bank CDS in Spain – FT
- Who’s Responsible? – Mohamed El Erian in Pro Syn
- Eastern Europe worried about the impact of another bank crunch – Reuters
Asia:
- Q2 growth to slow to 7.5% in China – Shanghai Daily
- China’s towering metal stockpile casts economic shadow – Reuters. Yes indeed!
- $3 trillion can’t buy China Love – William Pesek in Bloomberg
Local:
- PM reaches over Swan to Business – The Oz
- Jess Irvine on Greece – SMH
- Gittins on monetary policy – SMH
- Mike Smith says funding markets are freezing again – Business Day (HT Mav)
Interesting/Other stuff:
- Collingwood beat the cats and climb to 4th on the Ladder – The Oz. Go Pies! [Editorial note from H&H. MB does not endorse this position].
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