Global Macro:
- Time to reduce equity exposure – Barry Ritholtz, Big Picture. We have been pushing this idea in Macro Investor recently
- The Size of Major Bull markets – Ritholtz again
- Transcript of 1944 Bretton Woods conference discovered – NY Times
- Super Rich just loving property – Business Insider
- The Reformed Broker having a rant about the bond bubble – here
- The World’s best Central Banker wants to break up the King Kong Banks – Andrew Haldane via the UK Telegraph
North America:
- US Advance GDP release overnight shows growth of 2% annualised – Washington Post, WSJ Blog
- Consumer Sentiment at 5 year high – Bloomberg
- US no longer the top destination for investment – BI, Forbes
- Hurricane Sandy is a Frankenstorm and could be worst in 100 years – Bloomberg, Washington Post
- BI says the metrics of Canadian Oil Sands are a mess – here
- Jim O’Neill says he is worried about the Fiscal Cliff – BI Who came up with this name Fiscal Cliff, how daft.
Europe:
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- It might be Finland that leaves Euro not Greece – Gillian Tett in the FT
- I wonder how Spain functions as a society with such high unemployment. It’s now hit 25% – Reuters
- Greece faces a €30 Billion Bill for delays in meeting Bailout targets – UK Telegraph. Yep, that will help!
- Schaeuble being unhelpful with comments about Greece – BI
- Berlusconi gets a jail sentance – Al Jazeera
Asia:
- Billions in hidden riches for Chinese Leaders family – NY Times This story got the NYT blocked in China.
- The New Yorker asks if Corruption threatens China – here
- Chinese builds Aluminium stockpiles to nowhere – Bloomberg, Quartz
Local:
- Fitch affirms Australia’s AAA rating – Reuters
- Macquarie feels the wind of change – Clancy Yeates in the SMH
- HFT – The Age
- Banksia collapse – AFR Gee Whiz!
Other:
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- Mandelbrot is a legend – fractals in nature. News
- With the Spring Racing Carnival upon us a timely reminder of what hangovers do to your body – BI. Go More Joyous!
- American eggs would be illegal in other countries – Forbes They do always look weirdly white
- Something light to finish on – I think this is hilarious