Links 23 September 2014

Global Macro / Markets / Investing:

• They do ring a bell at the top – Alibaba IPO proves the rule – Zero Hedge
• Is there an Obama Doctrine? The Diplomat
• Dr Doom warns on 20% drop in AUD – The Age (h/t Gunnamatta)
• Bubble in US bonds to end in bad way – Bloomberg (like Japan?)
• Volatility finally raises its head – CNN
• Would a 1987 style crash really be that bad? PragCap (would be great for some, bad for most)
• Iron ore at five year low – is this a bottom? FT Video

America:

• Existing home sales in August unexpectedly drop – Calculated Risk
• Textbook case of price gouging – The Economist (coming here soon too?)
• Brazil growth slowing on back of China restructuring – Bloomberg (sound familiar?)
• As the Bovespa sinks on lack of Chinese stimulus – Barrons (and again….wheres that familiar risk?)

Europe:

• Italy lacks tools to tackle debt – AFR (Wolfgang Munchau – its called independent monetary authority….)
• French PM tells its German big brother its not a sick child – Reuters (guess who really runs the EU?)
• Tesco runs into accounting and profit trouble – Reuters
• Eurozone consumer confidence slumps again – Forexlive
• While ECB Draghi says “recovery” losing momentum – what recovery Mario????

Asia:

• 30% of coal miners in China not paid – Zero Hedge
• China wont back down on HK elections – The Diplomat
• Renminbi long march to international status – China Spectator

Local:

• Farmers look to China to solve all their problems – Fairfax
• Australia turns blind eye to its housing bubble – Fairfax (William Pesek cross post, good stuff as usual)
• Falling dollar will help property – Fairfax (rubbish, but what doesn’t help property?? Fairies?)
• Big business whinges about competition review – Fairfax (here comes the lobbying)
• Delusion from Family First on negative gearing – AFR
• Triguboff welcomes bikie crackdown to safeguard his property portfolio – AFR
• How the RBA can cool housing – AFR Alan Mitchell (this is written in, but why would they want to prose)

Other:

• Reporter quits live on air “F**k it, I quit” – Zero Hedge
• The cure for separatism: Democracy – The Diplomat (Direct democracy one hopes…)
• Star Wars Ep VIII producers want drone protection shield – Gizmag (not making this up!)