Links 31st July

Global Macro:

  • Where Doug Kass is bullish and bearish. Barron’s
  • The collapse of the Assad regime could be a regional game changer. The Diplomat
  • The resulting power vacuum could also be a game changer for Kurdish aspirations. BBC
  • Not to mention Putin’s. Russia defies EU Syrian arms sanctions. Moscow Times

United States:

  • Japan Airlines looks to the US. Wall Street Journal. Proves not all airlines, even those from stagnant economies, are doomed.
  • Romney forced to clarify position on Iran. Financial Times



  • Walter Russell Mead on Asia’s future order. Lowy Interpreter
  • Meanwhile in China’s current order, the Bo Xilai saga rolls on. The Economist
  • And on orders past, an interesting essay on what China has learned from the Soviet Union. The Diplomat
  • And indeed on what it can learn from dynastic history. Wall Street Journal
  • More on why there may be a bounce in iron ore. FT Alphaville
  • And why, unfortunately, there might not be a bounce in the Shanghai Composite. People’s Daily
  • India’s massive blackout the worst in a decade. Economic Times. Go long Indian infrastructure.
  • Make sure to check back later today for Sinocism’s excellent list of daily China links


  • More productivity myths. The Drum
  • Australia restores ties with Fiji. The Australian
  • At least one media company is making money in Australia: the BBC. AFR
  • And there’s at least one consumer business hiring lots more workers: Centrelink. The Australian


  • Future foods. In 20 years we’ll be eating a lot more algae, insects and manufactured meat. BBC
  • Ramallah’s Silicon Valley. NY Times. Why not? Plenty of VCs next door in Israel…


    • I think the below comment supports my theory that house prices have stablised due to cherry picking that is not detectable in the hedonic or other models used by RE firms, IMO.

      “It’s definitely a buyers market at the moment and those buyers are being a bit fickle,” he said. “But good houses in good streets still sell and some property is being sold one or two weeks after auction.”