Global Macro:
- Macca’s report first drop in monthly sales since 2003 AFR goodo for obesity, baddo for economy
- Global growth stabilising says IMF AFR at least they are eating some Happy Meals
- This is why Ray Dalio’s Bridgewater manages $138 billion Zero Hedge chart
North America:
- The Tea Party is dead Business Insider Long live the Tea Party?
- Smaller trade deficit for US Cleveland Fed
Europe:
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- Spain’s fantasy deficit targets FT Alphaville
- Dexia Bank to be bailed out by France and Belgium FT I need to start a bank, what a gig!
- France fear Nutella Tax Business Insider sacrebleu!
- Draghi may consider ECB rate cut, but no more Greece help Reuters Channeling Eric Cartman?
- BOE says no more QE BBC
Asia:
- Japan can’t get out of its fiscal problem Charles Hugh Smith
- Fighting for change in Communist China Fairfax
Local:
- New Zealand banks – which are our banks – are very profitable, for now Interest.co.nz But 7.3% unemployment is worrying
- Queensland’s two speed economy The Oz (locked)
- Internet filter is dead! Gizmodo
Other:
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- The Gold Standard is not synonymous with freedom Pragmatic Capitalism – great read from Cullen Roche – must read actually
- New super-Earth discovered, only 42 light years away Gizmag