Just a quick note to remind everyone that as of next week MB is moving to the Christmas schedule that we have run over the last few years while most of the team are on a well earned break. It’ll be lite posting across Xmas and New Year, with links and a possible few extras.
Usually at this time of year we also try to hand MB a little more over to the audience by taking some reader content. So if you have a bit of down time over the break and are interested in sending in a post on a economic topic of your choice then please let us know via the contacts page
Now back to the show…
Australia & New Zealand
From Australia’s Central Bank Governor, A cry for help – WSJ
Queensland’s Century Zinc mine set to close – Brisbane Times
Rigid IR Laws put brakes on car makers – TheOZ
Qantas inflating its crisis : Air NZ – TheOZ
Palmer’s coal project gets green light – SkyNews
Dumping ‘least of SPC’s woes’ – TheOz
ANZ’s Mike Smith upbeat on Australia, says Japan will cushion Asia from US taper – Brisbane Times
Productivity Commission paints bleak picture for auto industry – Brisbane Times , Skynews
BlackRock Sees RBNZ January Shock With Half-Point Rate Rise – Bloomberg
The world’s least corrupt country strangely appears to be quite bad at fighting dirty money – QZ
Scott Morrison revokes cap on protection visas – TheOz
Government releases draft emissions reduction funds – ABC
Europe
European Union stripped of AAA rating by S&P – Bloomberg , as expected EU doesn’t agree – Reuters
UK current account gap at 24-year high, growth revised up – Reuters
Covered Bonds Get Second-Class Status in EU Liquidity Review – Bloomberg
France economy to Rebound in Q4, Slow again in 2014 : Insee – Mni
Deal on Irish bank debt unlikely – Barroso – Irish Times
German consumer sentiment beats forecasts – MarketWatch
Germany’s coming downgrade – Proj. Syndicate
Cyprus approves post-bailout budget – SkyNews
Government considered pooling loss-making tracker mortgages – Irish Times
London’s ‘Nappy Valley’ Home Price Gains Outdo Luxury – Bloomberg
Khodorkovsky Free After 10 Years in Prison as Putin Signs Pardon – Bloomberg , NYT
Deal on Banking Union Will Test Goal of United Europe – NYT
The EU is in denial over the euro – its failed currency – Telegraph UK
Not Fit for the Next Crisis: Europe’s Brittle Banking Union – Spiegel
Interest rate rise with no wage increase ‘will push heavily-indebted to edge’ – Guardian , Telegraph
Insight: The Great British tax giveaway – Reuters
Chinese tycoons top list of Britain’s richest property investors – South China Morning Post
The Fox and the ECB – Proj Syndicate
Germany set to borrow less than planned this year – DW
Asia
China cash injection fails to calm lenders – FT , BI , Bloomberg , WSJ
China puts out yet another credit market fire with more liquidity – QZ
Chinese Premier Urges US to ease high-tech export restrictions – Bloomberg
Pacific Trade Deal Needs More WikiLeaking – Bloomberg
China’s Guangdong Starts World’s Second-Biggest Carbon Exchange – Bloomberg
China to make new bid to join global procurement pact in 2014 – Reuters
BOJ hails Fed tapering, sticks with its own massive stimulus – Reuters
Protestors revive demonstrations in Thailand – WSJ
Diseased Shrimp: Thailand Could Lose $1.5 Billion in Exports – The Diplomat
Fed’s QE taper risks slowing Chinese reforms – South China Morning Post
North Korea’s weapon of choice: The fax machine – WSJ , and is a 4th nuclear test on the way? – The Diplomat
North America
Q3 GDP revised up to 4.1% – Calculated Risk
Congress and Fed look set to narrow gulf – FT’
The long farewell to quantitative easing – FT
Bernanke’s 11th hour pivot smooths path for Yellen at Fed – Reuters
Rich Chinese seek Canadian migration through Quebec province – South China Morning Post
Why HK-style property tax may not cure Vancouver’s China syndrome – South China Morning Post
2014: another year of the dollar; currency could shift into new bull market – EuroMoney
Here’s what every major bank had to say about the Fed’s decision to taper -QZ
Rising prices, mortgages making real estate unaffordable for many: RBC – The Star
Sundries
We still need to learn the real lessons of the crisis – FT
Tax meat to cut methane emissions, say scientists – Guardian
Why Edward Snowden deserves amnesty – The New Yorker , and Salon
China’s film industry : The Red Carpet – The Economist
Did Bitcoin Investors Hack China Central Bank Website After 50% Tumble – ibtimes
Secular Stagnation, Incomes, Demand and Economic Recovery – Economonitor
Is an MBA Bubble Popping? – The Atlantic
Why Do CEOs Make So Much Money? – The Atlantic
10 of the fastest-growing, best-paying jobs in the US – QZ
Could shale oil and gas sink Russia’s economy? – Qfinance
HIV ‘achilles heel’ uncovered, could lead to new treatment – Radio National
Bitcoin may be following the classic bubble stages chart – Forbes