Links November 27

Global macro:

  • Fresh from negotiating the Gaza ceasefire, Egypt goes up in flames. The Economist
  • And the conspiracy theories get started on Iran and Argentina. Fistful of Euros
  • Speaking of which, here’s how Iran could disrupt world oil supplies next month.
  • Meanwhile, the first LNG ship to cross the arctic completes its journey. BBC. Another reason to get bearish on Aussie gas stocks.

United States:




  • Gillard: I’ve done nothing wrong. Financial Review
  • Chevron: $100bn worth of projects in the balance. The Australian
  • But here comes the Future Fund, looking for an infrastructure deal. Stephen Bartholomeusz
  • Coles mules $1 bet limit on poker machines. The Age
  • Alan Joyce’s tenure at Qantas hangs on by a wing and a prayer. The Conversation
  • Why don’t Filipino-Australians start restaurants? Club Troppo.  A clue may lie in today’s final link.
  • The price of bank safety. Chris Joye


  • An atheist’s apology for Christianity. Aeon
  • How to bargain like a Somali. The Economist
  • Singapore is the least emotional country on earth, but what is the most? Medical Daily. No surprises here.


  1. Dreaded ‘austerity’ isn’t ripping the hearts out of peoples, as the Naked Capitalism article suggests. Rather, it is the putting-back of hearts; into those who have forgotten that responsible saving and spending is the heart of any well functioning economy.

  2. “The implications of China experiencing an unexpected economic crash or major political crisis, let alone a military conflict, should be as much a part of strategic planning as plans based on more optimistic scenarios.”

    The CEO of Stratfor (George Friedman) has forecast that China will break up sometime before 2020 due to wealth disparity between Eastern and Western Chinese.

    Now a forecast is not guaranteed to eventuate, but we should at least be prepared to consider the possibility and perhaps even to have a contingency plan.