August 22 links
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United States:
- Lockhardt kills QE3. Zero Hedge, Tim Duy
- Risk off. Zero Hedge
- Structured by cows. Dealbreaker
Europe:
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- Concessions for Greece. Bloomberg
Asia:
- China’s unprecedented liquidity operation. Alphaville
- More China links in the daily post from Sinocism
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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…
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.
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