Links 28 July 2012

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Global Macro:

  • This is what got the markets charging overnight – Le Monde’s story on ECB buying bonds. It’s in french but if you use Chrome it will translate for you.
  • And this late from Bloomberg saying Draghi has secured government backing and is now off to the Bundesbank
  • Breaking up is hard to do – WSJ on breaking up companies

United States:

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  • US Growth slowed as consumers cool spending – Bloomberg
  • US recovery has been weaker than previously thought – Bloomberg
  • Facebook got slammed in the last couple of days and Zuckerberg’s net wealth is down – CNN
  • Mish in BI on birth rates and property recovery – here
  • Bit of a theme here, Fortune on the birth rate in the economy

Europe:

  • Draghi better deliver otherwise there is going to be a train wreck – Bloomberg
  • ECB may take losses on second Greek restructuring – here
  • I wonder how does Spain function with jobless at 24.6% and youth unemployment at 53% wow. UK Telegraph
  • John Taylor saying the Euro crisis is far from over – BI
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Asia:

  • China bank regulator to keep foot on property – Bloomberg

Local:

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  • BHP warns on major projects – The Australian and Shell is warning of LNG project delays. Michael and Chris have preempted this and a way to profit from it in the next edition of Macro Investor out Monday
  • Adele Ferguson on Coles and Woolies market dominance – SMH
  • Warning bells on debt for Twiggy – The Age
  • Malcolm Maiden on Draghi – The Age
  • Gittins – Doomsayers are wrong.
  • Verrender – the boom is enduring
  • AFR says we are abandoning stockbrokers
  • Vale says Iron Ore to stabilise in next two weeks – AFR

Other/Interesting:

  • Blind archer gets first world record of the games – cool
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