Weekend Links August 10-11

Global Macro/Markets:

• Don’t confuse uncertainty with risk – Capital Spectator
• Just how out of synch are the major global economies? – Sober Look

North America:

• JPMorgan Nears Settlement With SEC on London Whale Loss – Bloomberg
• Without even a wrist slap: Iksil to face no U.S. charges in ‘Whale’ probe – Reuters

Europe:

• What Angela isn’t saying – The Economist
• Forecasting fragmentation in the Ez – and here’s a pic
• Spain’s industrial production output falls – DainikDisha
• Bad loans at Italian banks up 22% YoY – Reuters
• ECB cuts EZ growth forecast – The Herald
• Defend Europe, If You Still Dare – Ambrose
• Greek jobless rate at record high – BBC
• Mark Carney plays down scepticism over interest rate policy – FT

Asia:

• China’s output data adds to case for economy steadying – Reuters, if you ignore the PMIs that is.
• China to let banks sell off loans in prelude to possible bailout – Reuters
• China slowdown shows signs of abating – FT
• Japan’s Debt Surpasses 1 Quadrillion Yen as Abe Weighs Tax Rise – Bloomberg
• China’s Credit Expansion Slows as Li Curbs Shadow Banking – Bloomberg
• Is China Trapped in Deflation? –  Global Economic Intersection

Local:

• Australia central bank Lowers Growth Outlook as Economy Transitions From Mining – Bloomberg
• Low rates mean big risk for investors – AFR
• House prices take off, sparking bubble concerns – AFR
• Boom to bust: $100bn gone in 90 days – TheOz
• Levy may sting the borrower, not depositor – Gittins!
• Prepare for the coming bust, becasue the pollies aren’t. Peter Hartcher. Spot on.

Other

• Android is the smartphone OS of choice – WSJ or maybe not
• The animals are also getting fat – marginal revolution
• Hyperloop ? No – arstechnica