Links 6th August

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Global Macro:

  • Iran’s economic crisis escalates SoberLook
  • Italy doesn’t need German cash, Monti tells Germans Reuters
  • Spain has time to wait for clarity on EU aid; economy Minister Reuters

United States:

Europe:

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  • S&P downgrades Italian banks on deeper recession MarketWatch
  • Vengeance for ECB bond buying will be bitter Spiegel
  • IMF talks with Greece show progress, IMF official says Reuters
  • as they eye T-bills to cover funding squeeze Reuters
  • Ireland: In the land of the blind the one-key man is king SoberLook
  • Draghi breaks the ultimate euro taboo Gavyn Davies

Asia:

  • China opens secret leadership conclave FT
  • China slams US over South China sea criticism Al Jazeera
  • IMF: Downside risks cloud Japan’s economic outlook WSJ
  • A mixed 20 years for South Korea-China ties The Korea Herald
  • CFR Interview Chonavec
  • More links in the daily “China Links post”

Local:

  • Call for re-think on RBA’s role SMH
  • Project squeeze hits miners AFR
  • Banks failure protection needed: Murray AFR
  • Big four make a better eight AFR
  • Business building bridges to China The Oz – Locked
  • Property experts blame the GFC for dud forecasts TheWest
  • Queensland government funds goat races Sky news , I see a pattern emerging

Interesting/Different:

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  • The Knightmare explained Nanex