Global Macro:
- China and America: a tale of two stimulus packages. Asia Times Online
- Investment banking’s halcyon days are over. The Economist
- Hezbollah calls for new protests. BBC. Arab Winter?
United States:
- QE reaches the limits of mortgage processing. Financial Times
- Ben Bernanke reaches the limits of monetary policy. Robert Samuelson, Washington Post
- And Mitt Romney reaches the limits of Fed-bashing. Paul Krugman, New York Times
- Romney also shows few signs of braking before the fiscal cliff. Edward Luce
- The Winklevoss twins return. Wall Street Journal
- Poor economic policies, not China, are to blame for fall in real US wages. Naked Capitalism. It’s probably a lot more complicated than that…
- Meanwhile, US to launch WTO action against China. Financial Times
Europe:
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- Spain is reluctant to make more cuts. Wall Street Journal
- But China Construction Bank plans $US15bn of European bank acquisitions. Financial Times
- And Qataris continue to boost London property. Gulf News
- As do Malaysians. The Star. Is Europe on sale?
- QE would be right for Europe. Wolfgang Munchau
Asia:
- How stimulating is China’s stimulus? The Diplomat
- How worrying is China’s slowdown? The Economist
- Chinese Gini exceeds warning levels. People’s Daily Online. The publication of this suggests that someone high up wants income and welfare reform, not just roads to nowhere.
- Ghost warehouse stocks haunt China’s steel sector. Reuters
- Singapore exports crash. Business Times
- Reserve Bank of India tries some stimulus of its own. Economic Times
- China builds its own military-industrial complex. Reuters
- And they’ve even produced another stealth jet. Wired
- Are China’s anti-Japan riots state-sponsored? China Geeks. These guys seem to believe so.
- Japan’s China ambassador-designate dies three days after found unconscious on a Tokyo street. Reuters. Let the conspiracy theories begin. Today, after all, is the 81stanniversary of the Mukden Incident. (h/t Sinocism)
- Hayek on the standing committee. The Economist. Who is winning the battle of economic ideas in China?
Local:
- Fortescue woes stir Anaconda memories. Business Day. How about Pasminco memories?
- Aquarius Platinum to resume operations. Fin24
- Martin Ferguson warns of rising costs for mining. Business Day
- Rip Curl mulls takeover offers. The Australian. Surf’s up.
- Russia’s chequebook diplomacy in the South Pacific. The Diplomat. Lessons from Taiwan? Challenge to Australia’s hegemony?
Other/Interesting:
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- Can education solve financial illiteracy? Barron’s
- Why do lolcats go viral? Fast Company. After reading this I still have no idea.