10th July Links: Inefficent markets

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Global Macro:

  • U.S. Corn Growers Farming in Hell as Midwest Heat Spreads. Bloomberg. Wonder how long China’s low inflation will last?
  • Floods meanwhile kill scores in Krasnodar. Moscow Times
  • Krasnodar is Russia’s breadbasket and its wheat crop has already been hammered by drought and frost. Bloomberg
  • Meanwhile on the grassy knoll: Beware! The Russians are coming! Gotti

United States:

  • Amazon ‘robo-pricing’ sparks fears. FT. Equities aren’t the only market being gamed by computers.
  • No wonder human traders continue to hoard Treasurys. Bloomberg 
  • Maybe the Fed just needs to make their unconventional policy a little more unconventional? Goldman’s Jan Hatzius via Business Insider 
  • Nonetheless, Deutsche says US household balance sheets haven’t been this strong in 10 years. Business Insider

Europe:

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Asia

  • Booming Southeast Asia in a quandary over U.S.-China rivalry. Reuters. A useful primer on the New Great Game in ASEAN.
  • Speaking of Great Games: Turkmenistan builds arms race in the Caspian Sea. Eurasianet
  • Meanwhile, more see-saw China data: trade figures. FT
  • And there’s no efficient market in India either. FirstPost 
  • Check Sinocism later today for more China-specific links

Local:

  • In one of Gina Rinehart’s other sagas: Rose divorces Porteous. Fairfax
  • Mike Smith to fill Bob Diamond’s Ferragamos? AFR (locked)
  • Investors warned of ‘sophisticated’ scams The Australian (locked)
  • Troy Buswell complains over WA GST revenue. AFR (unlocked) Poor little WA, but surely the news is that Buswell is back in the Treasurer’s, um, chair.
  • Greg Medcraft considering calls to abolish creep takeover provisions. AFR (unlocked) James Packer et al take note.

 

Other/Interesting:

  • China’s Red Nobility. Want China Times. Your one-stop shop for Chinese oligarch biography. I’m bookmarking this.
  • Also interesting: Rich people in North Korea. Asia Times Online
  • Is Mongolia the democratic model to aspire to? FT
  • How Qatar is taking on the world. Guardian
  • How big would a city be if everyone in the world lived in it? Anarchitecture. Would love to see a comparison with Mumbai, Jakarta or Beijing.

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