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Global Macro:
- Global economy cure is worse than disease: Satyajit Das at Marketwatch
- ECB Draghi lets out a bazooka? Reuters Will do anything? But he won’t do that
- Stocks are happy! Dow in biggest gain in one month – Eurostoxx 50 up 4% Huzzah! More at Bloomie but wait for Deus Forex Machina’s wrap
- Crisis of multilateralism – has something snapped in our multi-lettered organizations? More at The Diplomat
United States:
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- US stock earnings are not pretty Q3 earnings so far down 0.1% on 1 year ago Reuters milkie wilkie?
- But big drop in initial jobless claims clouds trigger fingers Calculated Risk
- Is 65% of QE3 already priced in? Zero Hedge
- Facebook, Amazon and Starbucks miss-underperform Bloomberg FB haters gonna hate – and are going nuts on CNBC/Bloomie/ZH
Europe:
- Saving the Euro – the origins of money The Economist
- Citi’s Buiter predicting a 90% chance of “Grexit” FT Alphaville
- Santander profit plunges as it sets aside all profit for property provisions WSJ
- Thousands live in squalor next to Olympic village Bloomberg
- As billionaires superyachts line the Thames Bloomberg I’m on a motherfracking boat
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Asia:
- Japanese start selling their bonds Businessweek ruh roh
- Faux pas at Olympics as North Koreans have hissy fit over flag FT get over it and unite
- China denies it stole attack helicopter secrets WSJ New helicopter called “Flying Pig”
- NZ Finance Minister says house prices are ridiculously high NZH h/t Bernard Hickey at interest.co.nz
- And are going to legalise gay marriage The Age bro on bro but no bogan on bogan? For shame Australia
Local:
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- I open the Fairfax and The Cupboard front pages – nothing on iron ore slump/ToT shock – scrolling, scrolling, nope nothing. Sigh.
- Wait – AFR to the rescue! Hang on – lots of words like “hope” “believe” not one to base an entire economies future on…
- Great speech by Incitec Pivot CEO on how the ALP and Australia are wasting the LNG boom The Open Cupboard “unregulated is bad” whodathunkit?
- Not sure where to start with this? Local housing insulated from everything. AFR Everything is fine. La la la la!
- Fewer number of complaints to ACCC on carbon tax thats not a tax but’s a tax Locked AFR its the tax/anti-tax paradox
- Metal Storm goes into administration – good product, what went wrong? The Locked Cupboard
- Sydney retail vacancies soar Inside Retail
- Wesfarmers boss says retailers need to work hard to lure customers Fairfax
- QSuper posts best gain amongst super funds to June 30 AFR I am genuinely shocked at this
Different:
- Fifty shades of rubbish AFR I prefer Fifty Sheds of Grey on Twitter – here’s some examples to make your day:
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‘Punish me,’ she cried desperately, ‘Make me suffer like only a real man can!’ ‘Very well,’ I replied, leaving the toilet seat up.
As I stared out at the army of strange creatures standing to attention on the lawn, I realised I’d mixed up the slug pellets and the Viagra.
We tried various positions – round the back, up against a wall . . but the bottom of the garden was the only place for a really good shed.
- File this under “Fracking Awesome” – a briefcase that contains a CNC mill, a precision cutter, and a 3D printer Gizmodo
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