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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- ECB deposit rate fallout. Alphaville
- Lie-bor is only the tip of ‘financial nihilism’. Sayajit Das
- The pain still lands in Spain. Vix and More
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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