Global Macro/Markets:
- Warren Mosler, a Deficit Lover With a Following – NYT , and further reading
- Government debt, inflation and money – Mainly macro
- More on long term returns – Buttonwood
- Basel plans to toughen up ‘shadow bank’ capital rule – Reuters
- Basel says how banks add up risks may need reform – Reuters, our own Deep T has been on about this for years.
North America:
- US adds 195,000 jobs, Jobless rate remains 7.6% – WSJ , Calculated Risk
- Points to early Fed tapering – Markit
- What Does 9.5% Mean? – The Baseline Scenario
- SAC Capital’s Steven Cohen Expected to Avoid Criminal Charges – Wall Street Journal
- A surprising new twist in the US gas market – ZH
Europe:
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- Cameron wins symbolic vote on EU referendum – Yahoo! UK
- Portugal coalition fights to keep its head above water Open Europe
- Portugal president warns of failure to return to markets – Reuters
- Portugal crisis to test ECB’s strategy – MacroScope
- German manufacturing orders disappoint with drop – MarketWatch
- EU Parliament to launch in-depth inquiry into US surveillance programmes – EU, more from NakedCap
- European firms ‘could quit US internet providers over NSA scandal’ – Guardian
- Nokia takes another downgrade – SMH
- Spain banks do not need new EU aid at present – EC documents – Reuters
Asia:
- China admits local government debt levels unknown, could be higher than estimated Reuters
- China signals will cut off credit to rebalance economy – Reuters
- Dim sum bonds on the ropes – BeyondBrics
- Samsung estimates Q2 record profit, misses forecast – Reuters
- Japan: Conflicted Policy – Global Economic Intersection
- Would affirmative action help women in Japan? – WSJ Japan
- China: Luxury dining goes mid-market BeyondBrics
Local:
- Rudd thrown a lifeline on boats The Oz
- Rudd proposes beef deal with Indonesia – AFR
- Queensland hopes for no more IT debacles with new strategy – Brisbane Times , strategy paper here
Other
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- Egypt Girds for Muslim Brotherhood Protests –WSJ , deadly shots fired at pro-Morsi protests BBC. Egyptian army declares state of Emergency BBC
- Russia Prosecutor Seeks 6 Years in Jail for Putin Critic Navalny – Bloomberg
- Miniature human liver grown in mice – Nature
- It is capitalism the Arab world needs, not democracy – Telegraph
- European states were told Snowden was on Morales plane, says Spain Guardian
- The spread of link rot – Felix Salmon
- Some birds are way smarter than you thought EurekAlert
- A smart watch from Dell ? – BI