Weekend Links Oct 31 – Nov 1, 2015

…More coming as I have time…

China

• China has created a steel monster and now must tame it – Reuters, Home
• ‘Death’ of China futures trading amid tight limits and probe into short selling – SCMP
• China bad debt manager Huarong has mediocre start to Hong Kong trade – SCMP
• Not the time for a Chinese ‘Tobin tax’ – Nikkei Asian Review
• China Banks Enter Eye of Storm Adding Risky Debt to Wealth Funds – Bloomberg
• Why many families in China won’t want more than one kid even if they can have them – Washington Post

Asia

• Bank of Japan holds off on more stimulus despite flagging growth – Telegraph
• TPP to play big role in meeting Japan’s GDP goal – Nikkei Asian Review
• Bank of Japan, Despite Gloomy Forecast, Resists New Steps – NY Times
• Kuroda’s march to 2% bogs down in stagnant wages – Nikkei Asian Review

Europe

• Europe’s Politics of Dystopia – Project-Syndicate, Roubini
• Portugal risks becoming ‘ungovernable’ as conservative government set to collapse after just 11 days – Telegraph
• Eurozone claws out of deflation as unemployment falls to three-year low – Telegraph

United Kingdom

• Steel crisis claims more jobs as Caparo axes 450 positions – Telegraph
• This is the Chancellor’s chance to dispel the myths of austerity – Telegraph…why would a Tory do that?…

United States

• Fed’s Updated Model of Economy Suggests It’s Time to Raise Rates – Bloomberg
• The Fed Needs to Get Its Story Straight – Peterson Institute
• ‘Redlining’ Home Loan Discrimination Re-emerges as Concern for Regulators – NY Times
• Is the Economy Really in Trouble? A Debate – NY Times
• Janet Yellen just got some pretty bad news – CNBC
• Fed’s Williams: Low neutral interest rates a “warning sign” – CNBC

Americas

• Why investors are shorting Canada’s housing market – CNBC
• CMHC warns that Canadian housing market is overvalued in most major cities – Financial Post

Terra Incognita

• Labor will look at dropping voting age to 16, says Bill Shorten – Fairfax…desperation?…
• Loan repayments soar as Sydney’s housing affordability slumps – Fairfax
• Turnbull government moves quickly on media ownership laws – Fairfax
• Who pays for safer banks? – Fairfax
• Bill Shorten wants tough action on Victorian ALP’s mega branch-stacking scam – Fairfax
• Labor’s leadership dilemma as Turnbull’s star burns bright – Guardian
• New Zealand is courting a new trade deal – CNBC
• Super-savvy: Experts warn young workers to check superannuation fine print to avoid paying premiums – ABC
• Fancy a bargain? Multi-million-dollar mining machinery sold dirt cheap as industry downturn bites – ABC
• Liberals thumb their noses at party reform – Fairfax…the only Australians Australia’s politicians wants to represent are those figments of their imagination which suit their interests…

Commodities

• Bad timing: Big Oil ramps up output just as prices sink – Reuters
• Glencore shrinking its $18 billion commodity inventory mountain – Reuters
• Colombia is the ultimate cap on Asian coal prices – Reuters, Clyde Russell
• Black Sea in it for the long haul as top wheat exporter – Reuters, Braun
• World Cotton Contract Launches Sunday – WSJ
• Chevron will cut up to 7,000 jobs as impact of falling oil prices continues – Guardian
• Agricultural tie-ups set to grow despite commodity slump – Nikkei Asian Review
• Steel demand ‘evaporating at unprecedented speed’ – CNBC

Capital Markets

• Resurrecting Glass-Steagall – Project-Syndicate
• Largest U.S. banks face $120 billion shortfall under new rule – Reuters
• Inside the Secretive Circle That Rules a $14 Trillion Market – Bloomberg
• High liquidity spooks risk-conscious investors – Nikkei Asian Review

Global Macro

• These Are the Charts That Scare Wall Street – Bloomberg
• The accounting trick that helps multinationals avoid paying tax – The Conversation

…and furthermore…

• The Despotic Temptation – Project-Syndicate, Palacio……what’s the difference between a despot and a democracy that never really listens?…..
• How companies prey on your weaknesses: a Robert Shiller Q&A – CBS
• Vexed issue of ethics: investing in hedge funds in tax havens – The Conversation
• HR – who even needs it? – The Conversation…is there a company with management so transparent as to not need HR?…
• China signs up, but Russia again thwarts bid to create Antarctic ocean sanctuary – SCMP…this is important…
• Are Chinese investors set to launch 3.5 billion euro bid for stake in Manchester United? – SCMP…are the Chinese really global players if they haven’t a Premier League club?…
• Here’s where the U.S. sent $35 billion in aid last year – Market Watch
• The controversial thing kids are being taught about McDonald’s at school – Washington Post