Global Macro:
- Is the 200 year era of growth over? The Economist maybe, maybe not
North America:
- Thanksgiving! Hmmm…turkey
- Wait – here’s a nice one to ruminate on: The United Police State of America Doug Casey
Europe:
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- Another Greece summit talking yabbing blah blah Reuters
- EZ faces deepest downturn since early 2009 Reuters it was all a dream…
- Here’s all the PMIs from Markit – not good – Delusional Economics will update later
Asia:
- China’s recovers but for how long? FT Alphaville
- China’s investment cliff. Alphaville. FT Alphaville
- Fitch cuts Sony and Panasonic ratings to junk AFR ruh roh! Steel mills next?
Local:
- ATO is after multinationals Reuters UK slap a 40% tax on them
- Sonic Healthcare likes deregulation of pathology AFR
- High AUD to keep retail sector above water AFR But is it effluent?
- Another Ponzi unravels? AFR record withdrawals from super than contributions
- But SMSF rules – cheaper than other funds SMH although too high in Aussie shares and property
- Australian scientists “undiscover” an island that exists only on maps ABC Rename it: Australia’s Economic Plan B
Quote of the Day
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Many of the troubles going on in the world right now are being supervised by people with very good intentions whose attempts are to keep things in order, to clean things up, to forbid this, and to prevent that. The more we try to put everything to rights, the more we make fantastic messes. Maybe that is the way it has got to be. Maybe I should not say anything at all about the folly of trying to put things to right but simply, let the fool persist in his folly so that he will become wise. Alan Watts