August 22 links

United States:

Lockhardt kills QE3. Zero Hedge, Tim Duy
Risk off. Zero Hedge
Structured by cows. Dealbreaker

Europe:

Concessions for Greece. Bloomberg

Asia:

China’s unprecedented liquidity operation. Alphaville
More China links in the daily post from Sinocism

Local:

RBA exposes low doc loans. The Oz
Port Hedland strife. The Oz
Coalition’s radical Federalism. AFR
RBA ignored graft. AFR, The Age Oh Boom, Boom
Ridout joins tax shortfall meme. AFR
Swan vows to punish royalty gouging. SMH
Queensland coal operating at a loss. Courier Mail Clearly industry propaganda but still…

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.