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Just a oncer, I was sent some extra links which are pretty good reads, and scouted a few more last night
China/Asia
- China’s Game of Real-Estate Chicken, Who Will Blink First: Buyers, Developers or the Government? (WSJ)……basically what it is, a big game of chicken
- China to Cut Reserve Requirement Ratio for Some Banks (Bloomberg) …….Obviously the economy slowing is getting closer to the point something major occurs
- China’s leaders say they’re not stimulating the economy, but they’re just doing it quietly (Quartz)
- The Hidden Loans that Sank Nanjing Tanker (Caixin)
- India shows how to take advantage of Fed tapering and China’s slowdown (Telegraph) …….Good read from Jim O’Neill
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United States
- Homebuyers With Another Shot at Low Rates Still Don’t Buy (Bloomberg) ….is there a Plan B?
- Icahn, Mickelson are investigated in U.S. insider trading probe: source (Reuters) …..some seriously big scalps there
- Fed officials say rates should not be used to fight bubbles (Reuters)
- US lawmakers have taken their first step toward rolling back marijuana prohibition (Quartz)
- Consumer Spending in U.S. Unexpectedly Declines (Bloomberg)
- (Not quite) Made in America: Let’s fix the problem of firms fleeing the U.S. tax code (Washington Post)
Europe
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- BoE and ECB make fresh push to revive loan bundles (FT.com) ….. anyone care for some securitized dodgy loans?
- ECB to tackle deflation threat with rate cut (FT.com)
- Putin’s Ukraine gambit has vaporized $25 billion in hedge fund investments in Russia (Quartz) ….VVP’s second term as President has seen the demise of a once thriving investment banking scene in Moscow
United Kingdom
- London house prices in April see record 4.2% rise (Guardian)
- Has the U.K. become a tax haven? (CNN Money)
- £1,250bn and rising: how buy-to-let is overtaking pensions (Telegraph) ……Well the Poms have the accelerator down on their RE sector, do they have a brake? Is housing speculation an appropriate substitute for a pension? Does it make economic sense?
- Former Boots boss: ‘Buy-to-let replaced my salary in four years’ (Telegraph)
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Australia
- Tony Abbott, Joe Hockey face new Senate road bloc (Fairfax)
- University fees to be regulated under Pyne’s reforms (Fairfax) …. Gitto making sense on education
Capital Markets
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- Death of US dollar is greatly exaggerated (FT.com) …good read
- Tranquil markets are enjoying too much of a good thing (FT.com) ...good read
- Bond Rally Sparks Little Joy as Bears See ‘Painful’ Capitulation (Bloomberg)
- U.S. bond market faces possible reckoning (Reuters)
Commodities
- PICS: Australia’s top gold mine coming to life (Mineweb) …..some pretty good pics of an Australian gold mine there for anyone who has no idea what they look like
- China trims long-term iron ore contracts as glut hits market (Mineweb)
- Guinea hopes for first iron ore from Simandou in 2018 (Mineweb) …..something to be aware of on the iron ore radar as of 2018
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Sunday Macro
- Home Ownership Debt, Mortgages, Slavery and the Risk of Ruin (MarketOracle)
- Savage capitalism is back – and it will not tame itself (Guardian)
- Fund Within a Fund Creates a Conflict (Dealbook NYTmes)….have no doubt the trading world has a concept of inside and outside which differs from that elsewhere
- Scalpers Inc. (London Review of Books) …..Thought provoking review of Flash Boys: Cracking the Money Code by Michael Lewis
- Everything You Need to Know About Thomas Piketty vs. The Financial Times (NY Times)…good wrap
And Furthermore
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- Rolls-Royce plans remote-controlled ships with no captain or crew on board (Guardian) …..Cars are for wimps
- Inclusive capitalism: creating a sense of the systemic (Mark Carney Speech Bank of England May 27) (Pdf)…well worth a read
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