Links 2 August

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Global Macro:

North America:

Europe:

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  •  UK manufacturing figures deal hammer blow to recovery hopes (The Guardian)
  • France Introduces Financial Transaction Tax (sky.com)
  • U.S. raises pressure for euro zone crisis action (Reuters)
  • Geithner: Europe Much More Grave Than Fiscal Cliff: Video (Bloomberg)
  • Nothing’s gonna stop the ECB now (FT Alphaville)
  • UK GDP forecasts revised down (FT Alphaville)
  • Global PMI Update: 10 Of 11 European Countries In Contraction (Zero Hedge)

Asia:

  • China’s GDP is man-made, unreliable: top leader (Reuters)
  • China official PMI shows factory sector barely growing (Reuters)
  • China’s two-way liquidity risk: shadow banking (FT Alphaville)
  • 44% of China’s superrich have plans to emigrate. Canada top choice – as if Vancouver homes aren’t expensive enough already (Wall Street Journal)
  • Only 28% of wealthy Chinese say they are confident of China’s economy over next 2 years (compared to 54% in 2010) (Wall Street Journal)

Local:

  •  Airport parking in Oz a rip-off. Isn’t everything? (AFR)
  • BHP looking to cut resource projects as commodity prices fall. Olympic Dam looking shaky (Sky News)
  • BHP to postpone its $19bn Port Hedland harbour plan (The Oz)
  • ‎McKibbin urges RBA to tame Aussie dollar (AFR)