China
- China shares tank ending nation’s longest-ever bull market – Telegraph
- China stock indices plummet by up to 7.9pc as investors stampede out of the market – SCMP
- Why China’s currency is key to resolving its economic policy “trilemma” – SCMP
- China’s scrapping of loan-to-deposit ratio for commercial banks raises hopes for financial reform – SCMP
- Dropping of loan-deposit ratios at China’s banks not seen spurring lending – SCMP
- Chinese banks get closer to losing training wheels – Reuters
- If I had just $1, I’d invest here: Stephen Roach – CNBC
- Beijing turns to natural gas as a cost-effective coal replacement – CER
- China’s pension system still pits the country’s old against its young – CER
- China’s Xi walks a tightrope in targeting party heavyweights – Nikkei Asian Review
- China Investors Get That Greater Fool Feeling as Selloff Deepens – Bloomberg
- With $21 Trillion, China’s Savers Are Set to Change the World – Bloomberg
Asia
- Indian Beef Workers Fight to Bring Back the Bull Market – NY Times
- Philippines Holds Rate With Economy Supported by Consumption – Bloomberg
Europe
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- Tsipras Calls Referendum on Greek Debt Deal for July 5 – Bloomberg
- Greece’s Creditors Offer $17.3 Billion Package to End Standoff – Bloomberg
- Politics May Yet Save the Euro – WSJ
- Do Greeks Even Need Greek Banks? – WSJ
- Goldman Says Ukraine To Default In July – WSJ…keep an eye on this…
- Managing Greek default risks – Sober Look
- Greece talks to go down to the wire amid fears of imminent banking collapse – Telegraph
- If Greece Defaults, Imagine Argentina, but Much Worse – NY Times
- Europe strikes back: It seems to be trying to push Greece out of the euro – Washington Post
- Greece will survive, but will the euro or the EU? – Market Watch
- Greek leader meets Hollande, Merkel amid stalemate – CBS
- The seven stages of Greece’s debt tragedy – Guardian
- Why has Greece only now included defence cuts in its Brussels proposals? – Guardian…good question…
- Twilight of the technocrats settles on eurozone – Nikkei Asian Review
- Foreign retailers oppose Istanbul’s tariff hike – Nikkei Asian Review
- IMF Would Be Other Casualty of Greek Default – Bloomberg, El-Erian
- Schaeuble Says the Greater Risk of the Greece Crisis Is Euro Credibility – Bloomberg
- Ukraine Repeating Default Threat Shows Impasse Far From Over – Bloomberg
United Kingdom
- The EU’s dwindling importance to UK trade in three charts – Telegraph
- Four reasons why the Northern Powerhouse won’t happen – Telegraph
- A chancellor in his pomp: emboldened George Osborne eyes budget day – Guardian
- The Bank of England ponders going for a rise – FT.com
- Britain would not survive a vote for Brexit – FT.com
United States
- Blistering US spending growth puts Fed on track for September rate hike – Telegraph
- Supreme Court Says Plaintiffs Can Challenge ‘Unconscious Prejudices’ In Fair Housing Case – IB Times
- Americans Are Delaying Major Life Events Because of Money Worries – NY Times
- More Americans Are Renting, and Paying More, as Homeownership Falls – NY Times
- S. Manufacturing Shows Signs of Stabilizing, New Data Suggests – NY Times
- Forget almonds: Look at how much water California’s pot growers use – Washington Post
- The Supreme Court’s housing decision is a warning against subtle discrimination everywhere – Washington Post
- The dark side of America’s reluctant part-time workers – Market Watch
- Consumer spending rises most in nearly six years – CNBC
- How’s the economy really doing? Look at Americans’ income – Market Watch
- 11 cities with the highest hidden costs of homeownership – CBS
- News flash: affordable housing crisis is hurting all of us (except the well-heeled) – The Conversation
- Personal income, spending, and saving: a trifecta of good news for the US economy – XE.com
- Warning signs are already popping up as the US rate hike looms – Nikkei Asian Review
- Here’s How Quickly Yellen Wants to Raise Interest Rates, According to a Former Fed Policy Maker – Bloomberg
- Prepare for fireworks from America’s populist left – FT.com
Americas
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- Puerto Rico Approaches A New Fiscal Year With Mounting Debt, Rising Taxes, Fewer Public Services – IB Times
- Economists question foreign investment concerns in Canadian housing – Financial Post…check the comments too…
- Loonie overvalued by 10%, dragging on Canadian growth: CIBC – Financial post
- Pressure mounting to end U.S. oil export ban and why that might be good for Canada – Financial Post
Terra Lalalandis
- Housing market puts Australia at risk of becoming nation of ‘imprisoned tenant serfs’, Liberal MP John Alexander says – ABC…he may have a point there…
- Rental growth slowdown signals property boom on borrowed time – Fairfax…but there has never been a better time to buy real estate…
- Means test welfare but not education. That’s privatisation by stealth – Guardian
- Australian Workers Union says mining company’s employees responsible for $47k ‘member donation’ – ABC
- Superannuation shakeup: Government’s proposed rule changes a political stunt, industry fund executive says – ABC
- GE invests in $348 million windfarm after Australian subsidy deadlock ends – Reuters
- What the Treasury, not the Treasurer, really thinks – Fairfax, Pascoemeter
- Adani walking away, or upping ante on Australian coal project? – Reuters, Clyde Russell
- Dollar still at ‘unjustifiable’, ‘unsustainable’ levels, RBNZ says – NZ Herald
- Trade deficit unexpectedly shrinks in May – NZ Herald
- Chart of the day: Australian debt volatile – SCMP
- Is Australia leaning on a house of cards? – Nikkei Asian Review
- The notional debt:Where does the idea of an Australian debt crisis come from, and what does it mean? – The Monthly
- China Goes on a $46 Billion Aussie Home Spending Spree – Bloomberg
- When monetary policy reaches its limits, what of fiscal policy? – The Conversation
- The new economy – how do we get there from here? – The Conversation
- A key factor in housing affordability in Canberra is how fast land is released – Fairfax…and not just Canberra…
- Australia Post’s future is no longer in the mail – Fairfax
- Joe Hockey could learn something from George Washington’s right-hand man – Fairfax….well I don’t think Bubbles gets data at all…
- IMF research confirms paying more to the poor will build the economy – Fairfax
Commodities
- Molycorp — sole U.S. rare earth producer — files for bankruptcy – LA Times
- China plans to launch Yuan gold fix by end of 2015 – Mineweb
- Russia’s Gazprom does not rule out participation in Iran LNG projects – Reuters
- Why are China’s copper scrap imports in long-term decline? – Reuters
- Fed Rate Hikes & Plunging Platinum Bode Ill For Gold – ETF.com
- World’s kitchens braced for olive oil shock – FT.com
Capital Markets
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- ‘Sell’ recommendations on endangered list – FT.com
- The Myth of Currency Manipulation – Project-Syndicate
- Equities: Spanish IPO market catches QE fire – Euromoney
- FX: The great internalisation debate – Euromoney…good read…
- Why Chinese stocks could slide 50 percent – CNBC
- Stocks are flashing red, as these key signals show – CBS
- Interpreting the yield curve: Pessimism or precaution? – Vox
- BofAML: These Asset Classes Are Most at Risk When Interest Rates Rise – Bloomberg
- Debt default risk not just a Greece story – FT.com…this is the real story…
Global Macro
- Markets Headed to ‘Bubbleland,’ Warns Jeremy Grantham – WSJ
- Is Financial Repression Here to Stay? – Project-Syndicate
- Farmland prices can teach investors a lot about asset bubbles – Market Watch…good read…
- How to make your portfolio ‘as inefficient as possible’: Pay down the mortgage – Financial Post
- Trade and growth – end of an era? – Vox…maybe something in this….
- TPP now in sight – Vox
- Government spending multipliers and the business cycle – Vox…one for Bubbles and TestosterTone…
- The effects of ultra-loose monetary policies on inequality – Bruegel (pdf)
- Where Does Money Come From? – Pragmatic Capitalism
- The world’s workforce will stop growing by 2050 – Quartz
- U.S. compares China’s South China Sea moves to Russia’s in Ukraine – Reuters…must be a lot of people on those islands who want to join China…
…and furthermore…
- Unforgiving pope is right on money – Reuters, Hadas
- HSBC ends tie-up with Markit to produce key China index – SCMP
- America, China, and the Productivity Paradox – Project-Syndicate, Roach
- Why Small Booms Cause Big Busts – Project-Syndicate, DeLong
- Recent Declines in Labor’s Share in US Income: A Preliminary Neoclassical Account – Peterson Institute (Pdf)
- Booming universities take taxpayers for a ride – Telegraph
- The revival of cities and the urban land premium – Vox
- Can an Algorithm Hire Better Than a Human? – NY Times
- An Advance May Double the Capabilities of Fiber Optics – NY Times
- Credit rating agencies are miscalculating risks of climate change, report finds – Guardian
- Skivers and strivers: this 200–year–old myth won’t die – Guardian
- These Three Maps Show How Drugs Move Around the World – Bloomberg
- What’s Really Warming the World? – Bloomberg
- The rise of climate inactivism: The factual argument on climate change is over. Now lobbyists are trying to make a moral case for fossil fuels – The Monthly
- Economic theories that have changed us: game theory – The Conversation
- Economic theories that have changed us: efficient markets and behavioural finance – The Conversation