…maybe it is just me, but a lot of the world seems to be talking about real estate in a less than glowing sense all of a sudden…
China
- China Real-Estate Slump Threatens Li’s Economic Rebound (Bloomberg)
- China No-Money-Down Housing Echoes U.S. Subprime Loan Risks (Bloomberg)
- China Industrial Output Climbs 8.8%, Matching Forecasts (Bloomberg)
- Worst may be over for China economy as stimulus kicks in (SCMP)
- Fitch sees mainland economy paying high price if property bubble bursts (SCMP)
- China eases credit flow to fight slowdown (SCMP)
- China Housing Slump Sparks Fears For Economy (AP)
- Proof that China’s leaders are really freaked out about a housing collapse (Quartz)
- Will China avoid a severe housing market correction? (Sober Look)
- Expectation Management and Fine-Tuning in China (Peterson Institute)
- No Miracle In the Offing for China’s Housing Market (Real Time Economics WSJ)
- Property weakness overhangs recovery (China Daily)
- Regulator Mulls New Approach to Banks’ Loan-to-Deposit Ratio (Caixin)
- 22.4% urban homes lying vacant in China: report (People Daily)…quite a few empty houses…
- China allocates housing renovation funds for rural areas (People Daily)
- Cooling property deals weaken economic recovery (Global Times)
Japan
- Bank of Japan stands pat as Kuroda sees ‘gentle recovery’ (SCMP)
- Abe to cut business tax but mum on how (Japan Times)
Europe
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- Ukraine Gas Cut-Off Near as Russia Protests Border Breach (Bloomberg)….how does this play out against events in Iraq?…
- EU threatens to cut financial services from trade deal (FT.com)
- Spike in split mortgages as 11,000 deals in place (Irish Independent)
- Ukraine expects new gas talks with Russia: government source (Reuters)
- Euro zone employment rises, trade surplus grows (Reuters)
- The ECB’s Bank Review: Kill the Zombies and Heal the Wounded (Peterson Institute)
- The ECB’s Daunting Task (Economonitor)
- Europe takes different approach from US in QE policy (WantChinaTimes)
- Russia turns to China for Moscow expansion project (WantChinaTimes)
United Kingdom
- Mortgage debt a threat to recovery, says Bank of England (SCMP)
- Carney Sees Housing Debt Risk as Rate Increases Near (Bloomberg)
- Why is governor signalling early rate rise? (BBC)
- Chancellor says 200,000 homes could be built on brownfield land by 2020 (Guardian)
- The new housing market measures hark back to a pre-bubble age (Guardian)
- THE BRITISH OBSESSION WITH PROPERTY (Piera)
- Shackled Bank cries havoc on interest rates (Telegraph)
- An insular obsession with house prices and mortgages (Telegraph)
United States
- U.S. producer prices fall, but inflation still seen firming (Reuters)
- Shaky Consumer Sentiment a Hurdle to Growth Pickup: Economy (Bloomberg)
- U.S. Economic Recovery Looks Distant as Growth Stalls (NY Times)
- Why the private sector is so afraid of student debt (Washington Post)
- How the China bubble could puncture U.S. banks (Fortune)
- Subprime Lending Drives Spending (SeekingAlpha)
Americas
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- Canada housing: This time it’s different, eh (Reuters)
- Argentina’s economy minister: from ‘flaming Red’ to pragmatic negotiator (Reuters)
- Here comes the echo boomer to save the housing market (Financial Post)
- Stretched housing market and high household debt remain biggest threats to economy, says Bank of Canada (Financial Post)
- OECD calls for Canada to shift mortgage risk from taxpayers to private-sector (Financial Post)
Capital Markets
- Indonesia joins EM rush to issue euro debt (FT.com)
- Investor distrust drives rise in cash holdings (FT.com)
- Carry Trade Nirvana Stymies Central Banks as Aussie Jumps (Bloomberg)
- Fixed income: BlackRock bonds chief warns on market behaviour (Euromoney)
- Banks must improve liquidity management (Euromoney)
- Mass Affluent Investors Need Reality Check on Risk, Expectations (Think Advisor)
- The Interest-Rate Enigma (Project-Syndicate)
- Leaners of Last Resort (Project-Syndicate)
- Wev: Why Emerging Market Equities Are Ripe (ETF.com)
- TLTRO impact questioned as the carry trade provides easy money (Sober Look)
- Liquidity hoarding and the end of QE (Pragmatic Capitalism)
- The Downside of Low Interest Rates: Reluctant Home Sellers (RealTime Economics WSJ)
Commodities
- Ripples spread from China metals probe (FT.com)
- Opec keeps output target below forecast demand (SCMP)
- China’s stockpiling keeping crude above US$100 (SCMP)
- Iron Ore Declines to Lowest in 21 Months Amid Qingdao Port Probe (Bloomberg)
- China’s Oil Hoarding Is Raising Prices (OilPrice.com)
- The Importance of Oil (FinancialSense)
- A dilemma with aging coal plants: Retire them or restore them? (Washington Post)
- Great Graphic: Brent and West Texas Oil Prices (MarctoMarket)
- Toyota Throws Down The Glove For Hydrogen Cars; Good News For Platinum Prices (Kitco)
Research
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- Estimates of Fundamental Equilibrium Exchange Rates, May 2014 (Pdf) Peterson Institute …(a different take on AUD)
- In search of house-price bubbles (Vox)
- What are the macroeconomic effects of asset purchases? (Vox)
- Why Have Food Price Fluctuations in the U.S. and China Become More Correlated? (St Louis Fed)
- How Far Is the FOMC from Its Goals? (James Bullard St Louis Fed) (Pdf)
- SOVEREIGN CREDIT RATINGS, TRANSPARENCY AND INTERNATIONAL PORTFOLIO FLOWS (HKIMR) (Pdf)
- Uncertainty and Risk around the FOMC’s Macroeconomic Forecasts: Back to Normal (Cleveland Fed)
- WB Lowers Projections for Global Economic Outlook, Urges Developing Countries to Double Down On Domestic Reforms (World Bank)
Australia/New Zealand
- Misconduct claims widen in CBA’s planning scandal(Fairfax) …it looks ugly…
- Welcome to our Housing Future (Fairfax)
- Why electricity prices continue to shock people (Fairfax, Gitto)
- RBNZ’s McDermott Says Traders Mispricing Kiwi as Rates Rise (Bloomberg)
- Changes to unemployment benefit entitlements – the work of sociopaths (Bill Mitchell)
- Australia courting Canadian pension funds for infrastructure investment (Financial Post)
- Fonterra plans dairy farm hubs (China Daily)
- New Zealand’s Orr: One of the World’s Most Innovative Investors (Institutional Investor)