Global Macro:
- No QE without a crash – ZeroHedge
- 3 Bankers guilty of Muni bond rigging – this industry really lost its moral compass. Reuters
- Stocks confound the bears seeing summer drop – Bloomberg
Jackson Hole:
- Full Text of Bernanke’s speech – here
- QE3 on table but it might not work – WSJ Blog
- Gavyn Davies thoughts on Bernanke – here
- Krugman’s take on what he said – here
- Bernanke promises nothing – Forbes
- Mr B says he won’t rule out bond buying – Bloomberg. Ever positive!
- Bernanke gives market reasons to rally – WSJ Blog
- Bernanke is irrelevant anyway – Fortune
- BOE’s Posen says ECB should cap bond yields – WSJ Blogs
- Posen again advising the Fed to help housing – WSJ Blogs
- I often say we have the best Central bank in the world here in Australia but I reckon Andrew Haldane is probablly the best Central bank thinker – here is some of what he said at JH – FT
- We can limit not escape contagion – Reuters
United States:
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- Consumer sentiment in US at 3 month high – Bloomberg
- Factory orders show biggest rise in a year – Reuters Perhaps the US doesn’t need QE?
- Facebook down again – Reuters
- No holiday from Facebook’s Stock Fiasco – Forbes
- Great piece from Henry Blodget on Facebook and the fact it seems no one read the IPO Docs – so they should stop complaining about the price. I didn’t read it either but I heard the very honest public utterances and its why I would never have bought FB shares.
- Peter Schiff says the US will be on the gold standard in 2 years – really! UK Telegraph
Europe:
- Weidmann resignation – Reuters
- Don’t expect the ECB to be able to do it all – Charlemange
- Spain creates “Bad Bank” for bailouts – BBC
- Bankia has €4 Billion loss – Reuters
- Schauble backs bank bonus cap – Banking is heading back to a utility status, I hope. Reuters
- Now that Bernanke is behind us we focus on Draghi next week but Morgan Stanley says we need to worry about the German Court decision the following week – Business Insider
- Eurozone slide accelerates – WSJ
- 1 in 4 Spanish unemployed – CNN
Asia:
- ICBC profit growth slows as past due loans rise – Bloomberg
- China’s stock market continues to get thrashed – Bloomberg
Local:
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