Here’s a list of things Reynard read over night.
Global Macro/Markets:
- Central Banks Bought Most Gold in Nearly 50 Years – CNBC
- Is the world ready for the great rebalancing? – The Diplomat
- Trade allows countries to exploit their comparative advantages – World Bank
- Talk of currency wars over blown: IMF – The AFR
North America:
- The Texas growth machine – City Journal
- Most Canadian metros much less affordable than normal, even with record low rates – RBC Economics
- Canadian housing-crash prophets should check their numbers again – The Globe & Mail
- Layoffs continue as Wall St. retools – LA Times
Europe:
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- Why British prosperity is hobbled by a rigged land market – Centre for European Reform
- Euro zone economy falls deeper than expected into recession – Reuters
- Euro-Area Economy Shrinks Most Since Depths of Recession – Bloomberg
- Valentine’s day GDP massacre – FT Alphaville
- US banks attack Europe’s ‘Tobin Tax’ – The Telegraph
Asia:
- Ground Hog day for Chinese growth – Business Spectator
- Claims China is world’s No 1 trading economy are nonsense – South China Morning Post
Local:
- APRA cools on RMBS for bank liquidity – The AFR
- Rio Tinto swings to loss, cuts capex to $13 billion – Market Watch
- Rio release on new iron ore, copper chiefs – Rio Tinto
- Rio Tinto full-year results – Rio Tinto
- Mining tax take may grow next year: Treasury – The AFR
- ACCC eyes retail “bullies” – The Age
- Treasury exposes mining tax flaws – The Australian
- Swan’s fiscal restraint to be tested – The Australian
Other:
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- ANZ targets first home buyers in NZ with big spruik – Interest.co.nz
- Meanwhile, Government-owned Kiwibank restarts the mortgage war with a 4.79% six month mortgage offer, it’s lowest ever rate – Interest.co.nz
- Employment, Interest, and Money: Why Doves Are Really Hawks – andyharless.com