December 5 links

Global Macro

Loss of income casued by banks as bad as a world war. Telegraph
The bullish case for gold. Sober Look

North America

House price rocket says Core Logic. Calcualted Risk
Car sales highest since 2007. Calcualted Risk
Apples and oranges in manufacturing data. Tim Duy

Europe

French car sales drive off cliff. Telegraph

Asia

Egypt on the brink. FT
Bidding up China. Barrons

Local

Dirty dealings at FMG. AFR
Economy is ugly and its all Labor’s fault. The Oz Come on Judith, this is ridiculous.
Trouble mounts for Tinkler. BS
Economy and ecology. Gittins Flashman is much better.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.