Stuff Reynard the Fox found interesting today.
Global macro:
- Moody’s to go after bank model arbitrage. Naked Capitalism Is Mega Bank worried?
- S&P warns on $46 trillion refinancing challenge. FT
- Sovereign currency issuers are always solvent. NEP Doesn’t mean you have no problems, however…
- In praise of dumb rules for banks. Felix Salmon Too right
United States:
- How Wall St killed financial reform. Matt Taibbi
- Consumer sentiment up. Calculated Risk
- PPI down. Calculated Risk
- JPM on downgrade watch. Zero Hedge
- Treasury yields crumble. Zero Hedge
Europe:
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- Schaeuble dares Greece. Bloomberg
- Fitch says that’s a bad idea, really bad. Zero Hedge
- Bundesbank to accept higher inflation. Der Speigel
- Banks prepare for return of the Drachma. Reuters
- How the dominos are set up for a Greek exit. Free exchange
- The contrarian case to buy Europe. Alphaville
- Buy Europe. Alphaville
Asia:
- China’s ugly banks. Bloomberg
- More China slowing. Sober Look
- China data raises growth fears. FT Well, der. Burst a property bubble and guess what?
- China April steel production up. BW
- Indonesia booms on. Bloomberg
Local:
- Behind the billionaire blowhard. SMH
- The tricks of the Budget. Ross Gittins
- Taxi drivers are better than the ABS. Jessica Irvine
- Poll points to Labor rout. The Age
- Kloppers to focus on shareholder returns. AFR In other words, super cycle is over.
