Global Macro:
- The Hottest Trade on Wall Street: European Stocks – The Reformed Broker
- Citi Expects Only Two Countries Will Have AAA Ratings In The Long Run – Business Insider
- Iron Ore-Contract defaults as price slides, Shanghai rebar record low – Reuters
- Iron ore floor becomes iron ore trapdoor – FT Alphaville
United States:
- FRB: FOMC Minutes, July 31-August 1, 2012 – Federal Reserve
- FOMC Minutes: Discussion of policy tools the FOMC “might employ” – Calculated Risk
- Fed minutes show active discussion of QE3 – The Fed – MarketWatch
- Existing Home Sales in July: 4.47m SAAR, 6.4 months’ supply – Calculated Risk
- MBA: Mortgage Refinance Activity declines as Rates Increase – Calculated Risk
- John Cochrane says the Fed can’t create more inflation—here’s why he’s wrong. – Slate
- Inflation Should Be Feared – Room for Debate – New York Times
- Existing home sales rise in July – Reuters
Europe:
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- Last Man Standing Means Europe Investment Banks Resist Shrinking – Bloomberg
- Special Report: UK banks face scandal over toxic insurance products – Reuters
- Spanish and Italian bond issuance, once the holiday is over – FT Alphaville
- The Definitive ‘Game-Changer’ in the Euro Zone? – CNBC
- Spain Deficit Goals at Risk as Cuts Consensus Fades: Euro Credit – Bloomberg
- Merkel’s Dilemma: Risk Euro Zone or Her Government – Wall Street Journal
Asia:
- China bubble in ‘danger zone’ warns Bank of Japan – The Telegraph
- Chinese steel and iron ore prices plunge – Financial Times
- China’s Graduates Face Glut – Wall Street Journal
- Japanese exports slump – The Big Picture
- The China problem – part I | Nick Butler – Financial Times
- Japan exports slump on Europe, China; raise global demand worries – Reuters
- China steel mills ramp up production, even as steel and iron ore prices plunge, raising fears of coming crash – Financial Times
- Banks’ NPL ratio in China’s Wenzhou at decade high – Reuters
- China “is sitting on a mountain of unsold products – Financial Times
Local:
- Australia’s capex cliff – FT Alphaville
- Downer: Olympic Dam setback bad as State Bank collapse – Herald Sun
- BHP’s $20bn dam buster – AFR
- BHP’s Olympic Dam decision a damn shame for a sorry state – AFR
- Is the mining boom over? – The Age
Other:
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- The Lost Decade of the Middle Class | Pew Social & Demographic Trends – pewsocialtrends.org