June 26 links: Carbon angst

Global Macro:

Big users bet on oil falls. FT

United States:

New home sales, Dallas Fed pop. Calculated Risk
Robert Shiller’s crazy new proposal. Business Insider
The shadow bank inversion. Zero Hedge

Europe:

Merkel rejects joint union. Bloomberg
Plan to centralise fiscal control. FT

Asia:

China’s labour and fried chicken shortage. Synthenomics

Local:

Rinehart ready to walk. SMH Let’s hope so
Carbon tax puts break on Roy Hill. The Oz
Or is it the family feud? SMH
New world order too crowded. The Oz
Productivity commission lashes bailouts. AFR
Two new taxes, so what. Tim Colebatch

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.