Global Macro:
- Game Theory and Euro Exit – Italy before Greece, Bloomberg
- Golden Rules of Banking – Buttonwood, Economist
- What markets want, QE – but does it work. The Economist
- Economists are overconfident and so are you – Justin Fox HBR Blog
- Market Wrap from Bloomberg of overnight trade – MacroBusiness Morning will be back Monday
United States:
- This is the global untold story of our times – youth unemployment, LA Times
- It’s not all bad news in the US as some see signs of pick up in latest data – NYT
- US Postal service not far away from defaulting – USA Today
- JP Morgan losses climb to $5.8 billion – Reuters
- Part of the reason why Ag Commodities are through the roof – Drought in 26 US States. The Guardian US
- Albert Edwards from Soc Gen is super gloomy on the US economy – Business Insider
- Chicago Fed look at US manufacturing, where it was, where it is – Chicago Fed
- Meredith Whitney might be right in the end. Buffett says that Muni bankruptcies will climb – Bloomberg
Europe:
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- Europes lost decade – BCA Blog
- BoE launches its own manipulation of lending and rates. Well sort of – The Guardian, WSJ
- Europe sliding toward its violent past? Automatic Earth via BI
Asia:
- Chinese data yesterday wasn’t terrible but check out this electricity chart – Lead Indicator? Scott Barber, Reuters
- Chinese economy cools – Reuters
- Bloomberg reckons the Chinese data was good – here
- Shanghai Daily – Factory output less than expected
- China boost generates soft landing – AFR
Local:
- The Australian economy is a conundrum – GDP data shows consumption but retailers saying no. Speciality Fashion Group via The Oz
- Tinkler swings for the fences with $5.2 billion bid for Whitehaven Coal – The Oz
- Melbourne House Prices fall 5% – The Age
- Cashed up buyers piling into property – SMH
- Rental pain replaces mortgage pain – AFR
Other:
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- Belting up the gold bugs – Business Insider
- I like retail FX – it lets me get really tight spreads and liquidity when I otherwise couldn’t with my size. But there are pitfalls in leverage, let alone for the untrained and uninitiated – FT on a move to regulate this space