Global Macro:
- The unintended consequences of QE: not what you think – FT Alphaville
- Citigroup reaches $590 million settlement over CDOs – Reuters
- Changing Views of Globalization’s Impact – New York Times
United States:
- FRB: Beige Book – August 29, 2012 – Federal Reserve
- Fed’s Beige Book Tells Mixed Story – Wall Street Journal
- Has Household Deleveraging Continued? – New York Fed
- NAR Report: July 2012 Pending Home Sales Rebound – realtor.org
- Q2 GDP Growth Revised up to 1.7% Annualized – Calculated Risk
- A Dismal Outlook for Growth – New York Times
- Overall Delinquency Rates Down as Americans Paying More Debt on Time – Federal Reserve
- Household Debt and Credit Report – Federal Reserve Bank of New York – New York Fed
- Great chart on size/composition of household debt – Business Insider
Europe:
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- ECB: The future of the euro: stability through change – ecb.int
- Draghi Hits Back at German Criticism of ECB Bond Plan – Bloomberg
- Interview with Bundesbank President Jens Weidmann – Der Spiegel
- Spain, EU in agreement over bad bank terms: minister – Reuters
- Ugly No Barrier for Apartment Sales in German Boom: Mortgages – Bloomberg
- Sober Look: German economy converging with the Eurozone’s – Sober Look
- Charting sovereign bond holdings across the eurozone – FT Alphaville
- Danish Economy Shrinks More Than Estimated as Spending Drops – Bloomberg
- Chart of the Day: The Great Depression in Europe – motherjones.com
- German Report: Crisis-Hit Countries Have Become More Competitive – Der Spiegel
Asia:
- “China is Okay” by Stephen S. Roach | Project Syndicate – Project Syndicate
- Latest on China: all is well and “economic growth is stabilizing” – Sober Look
- China in Revolt – jacobinmag.com
- China has easily the fastest rate of growth of consumption of any major economy in the world – John Ross
- China’s banks to dominate – John Ross (Yeah right – that’s what they said about Japanese banks in the 1980s!)
Local:
- Why Talking Trash About The Australian Economy Has Become The Latest Meme – Business Insider
- Australian economy susceptible to downturn – The Big Picture
- The Government’s $120 billion budget blowout – AFR (How about scrapping negative gearing? There’s $4 billion of savings right there)
- McKibbon – Carbon link to EU mad – AFR
- Squeeze on miners set to continue as iron ore price crashes – AFR
- Government ‘razor gang’ to target federal grants – The Australian