Links August 15

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Global Macro:

  • Stocks still beat bonds – Burton Malkiel in the Wall Street Journal. He’s the guy that wrote “A Random Walk Down Wall Street” – HT Business Insider
  • Standard Chartered has agreed a $340 million fine – everyone is covering this but here is The Guardian’s take
  • Climate Change – “That sinking feeling”. The Economist Babbage

United States:

  • US Retail sales hit 5 month high – Sky

Europe:

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  • Europe – what goes around comes around. 5 of 17 nations in recession BBC
  • Euro-Zone rot keeps spreading – Wall Street Journal (great head line)
  • Eurozone economy sinks – Al Jazeera
  • Romania out of recession, Czechs, Hungary slip deeper into the mire – Reuters
  • Bloomberg on EU banking plans calling for ECB to share power – here
  • Greece got a debt issue away last night – Wall Street Journal

Asia:

  • China’s ghost towns and phantom malls – Yes again, BBC
  • China’s golden years are gone – Bloomberg
  • Hot money turns cold on China – Wall Street Journal

Local:

  • Mmmmm – Blackwood sinks after Tinkler misses deadline. The Australian
  • Don’t intervene in the Aussie Dollar – David Uren in the Oz
  • ACCC getting titchy over comments on Facebook pages – SmartCompany
  • ASIC warns website operators over Crowd Funding sites – Smart Company
  • Just another reason why the Australian Dollar is so well bid – Melbourne World’s most livable city. ABC
  • Retailers urged to stop making unsuitable clothing for young girls – SMH. Here here, getting very hard for me and my wife to dress our 7 year old appropriately from some stores.
  • NAB feels squeeze in the quarter – SMH

Other/Interesting:

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  • The lies we tell ourselves – Forbes
  • Fukushima’s mutant butterflies – CNN
  • As a Fibonacci lover I found this one very interesting – Guardian Science