Global Macro/Markets:
- Andy Kessler: Hedge Funders Are All a Little Nuts – Wall Street Journal
- Asset Prices and Interest Rates – Marginal Revolution
- Analysis: After mega-LBO boom, a massive private equity cleanup – Reuters
- For the first time, the combined GDP of poor nations is greater than the rich ones – Quartz
- Pimco: Media to blame for huge bond market exodus – CNBC
- Latest rout in emerging markets is proving more selective. – Wall Street Journal
North America:
- U.S. Faces New Threat From Washington – Huffington Post
- Dean Baker: “Rising Mortgage Rates Did Not Affect June Case-Shiller Data” – Calculated Risk
- Six Reasons the U.S. Will Dominate – Bloomberg
- White House not yet vetting Yellen for Fed chair: sources – Reuters
Europe:
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- “Crossing the threshold to recovery” – speech by Mark Carney – Bank of England
- Carney says rates pressure might trigger more Bank of England stimulus – Reuters
- The British are turning down “free money” from the government – Quartz
- Angela Merkel: Greece should never have been allowed in the euro – The Telegraph
Asia:
- India’s Rupee Plummets Past 68 to Record; Stocks, Bonds Tumble – Bloomberg
- Indian rupee hurtles lower as foreign investors flee – Reuters
- Latest on India: rupee in free fall, stagflation setting in, risks of sovereign downgrade and investor panic rising – Sober Look
- Why $3.4tn in foreign reserves is not China’s escape hatch – Financial Times
- China’s burgeoning credit crisis casts a long shadow – The AFR
Local:
- Coalition costings create Budget uncertainty – The AFR
- Coalition growth plan cut down – The Australian
- Throwing cash at cars makes us poorer – The Australian
- Renters on the rise as home dream fades – The Age
