Weekend Links – August 11

Global Macro:

• My favourite for the day – Bonds for the long run by Barry Ritholtz
• Or maybe this is – interview with Jack Schwager, here
• Investors putting money to work in bonds – FT
• Crisis rewards safety first strategy – FT
• MacroMorning will be back Monday but until then here is Bloomberg’s wrap on overnight gtrade.

United States

• Even though there are no jobs in the US paychecks are growing – Bloomberg
• Bloomberg on the US drought – here 
• US to wave ethanol requirements – Business Insider

Europe:

• Soc Gen says the Euro is perfectly priced according to the Big Mac Index via Business Insider
• Losses widen at bank of Ireland – Remember them, FT
• German Economy heading for recession – Reuters

Asia:

• China’s trade data tells us something about the state of global growth and its not good – Zarathurstra from yesterday.
• Bloomberg’s take on the data – here
• Reuters saying data suggests urgent stimulus required – here
• Japan doubles sales tax – here

Local:

• Fairfax to close print divisions? – The Oz
• RBA warns on high dollar – Clancy Yeates in SMH and Malcolm Maiden’s take
• Gittins trying to cut through the chaff and get to the reality of the employment picture in Australia – here
• Coalition to shield banks from global regulation – The Australian

Interesting/Different:

• Cool, Earth, Jupiter and Venus from Mars – here
• Paddleboarders riding a boretide – here