Port Phillip Heads
China
- It’s Open Season on China’s Securities Firms as Probes Intensify – Bloomberg
- ‘Malicious short selling’ used as a weapon to attack metal short sellers – SCMP
- Mystery of the missing chairman: Guotai Junan case makes Western firms wary of Chinese bosses’ connections – SCMP
- Banks’ Total Value of Bad Loans Rises for 16th Straight Quarter – Caixin
- Mis-selling risks grow with China’s insurance sales army – Reuters
- China plans to cut domestic corn prices in bid to shrink massive stockpiles – sources – Reuters
- China’s Macro Disconnect – Project-Syndicate, Roach
- China’s Multilateral Financial Mobilization – Project-Syndicate, Bergloff
- China Calm Shattered as Brokerage Probe Sparks Selloff in Stocks – Bloomberg
- China’s Stock Market Crash: Part 3 – Chinese Dreams – Economonitor
- Citic Securities formally notified of investigation by Chinese market regulator – SCMP
- Macau Gambling Industry Faces Challenges on Multiple Fronts – NY Times
- China Has a Yuan for Luxury, But Not at Home – WSJ
- Mark Mobius warns of waning steel demand in China – CNBC
- China’s growth slowdown: Likely persistence and effects – VoxEU
- Surveying the Ghost Cities of China – Priceonomics….Melbourne is the biggest one outside China…
- China to spend $438b on rail network in the next five years – China Daily
- China property sales growth to slow in 2016:Moody’s – China Daily
- Closer Look: Why Official Goals for Natural Gas Use Are in Doubt – Caixin
- Chinese asset-backed securities rise from the ashes – CER
- China’s Bond Stresses Mount as Two More Companies Flag Concerns – Bloomberg
Asia
- Japan’s Debt Trap Won’t Fix Itself– Bloomberg, Noah Smith
- Asia’s most dynamic companies go local to thrive – Nikkei Asian Review
- Japan Oct household spending falls 2.4 pct vs year ago – Nikkei Asian Review
- Processed foods, foray into finance spur Indian agricultural giant – Nikkei Asian Review
- Japan records lowest unemployment rate in 20 years at 3.1% – Guardian
- Forget e-commerce, m-commerce is where India’s potential lies – CNBC
- Japan’s farming crisis worsens as one in five workers abandoned roots in past five years – Japan Times
- Weak economic data underline pitfalls of Abenomics – Japan Times
- Economic Takeaways From Japan’s Inflation, Unemployment Reports – Bloomberg
Advertisement
Europe
- Europe Should Use its Last QE Bullet Wisely – Bloomberg
- ECB has bright idea for targeted bank-bashing – Reuters
- Greece braces for next general strike – DW
- Russia prepares raft of economic measures against Turkey – DW
- Portugal’s anti-austerity Left take power in watershed moment for the euro – Telegraph
- Spain’s largest ever corporate bankruptcy? – CNBC
- Food fight: Russia tightens grip on Turkey imports – CNBC
- Russia targets Turkish economy as tensions keep simmering – Market Watch
- Is Portugal about to go down the same road as Greece? – CBS
- Italy Says No Agreement Made At G20 To Extend Russia Sanctions – IB Times
- Russian-Turkish economic links offer escalation options – BNE Intellinews
- Winter blackouts threaten Ukraine amid Russian coal embargo – BNE Intellinews
- Schengen: going, going… gone – Politico
- Portugal’s new finance minister is no Varoufakis – Politico
- Iceland’s seven meagre years – VoxEU… they didn’t default and live happily ever after?…
- The ECB and politics in an era of low interest rates – Bruegel
- Turkey Without Russian Tourists Strikes Economy Where It’s Weak – Bloomberg…does it ever….
United Kingdom
- The fantasy of Britain as ‘most prosperous economy’ – FT.com, Wolf
- UK’s Osborne is less austere than he makes out – Reuters
- Britain joins sovereign wealth party too late – Reuters
- George Osborne delays the fiscal pain but it will still be ferocious – Telegraph
- Autumn Statement 2015: IFS criticises George Osborne’s triple raid on businesses, landlords and workers – Telegraph
- UK oil industry ‘to face wave of company failures’ – Telegraph
- UK CHANCELLOR REMAINS DEFIANT IN IMPLEMENTING AUSTERITY – Pieria
- PUBLIC FINANCES IN ORDER? OSBORNE MISSES DEFICIT TARGET BY £72 BILLION – Pieria
- The useful Trojan horse of the UK productivity puzzle – VoxEU
- The unsubtle knife: Though the latest round of cuts will be shallower than billed, the British state is taking on a different shape – Economist
- Osborne’s £23bn from the back of the sofa – BBC, Peston
- UK growth hit by biggest drag from net trade on record – Telegraph
United States
- A Future-Oriented US Fiscal Policy – Project-Syndicate, Hubbard
- U.S. home prices jump in September by most in more than a year – LA Times
- US student loan borrowers are increasingly struggling to repay their education debt (2 charts) – RWER
- Case-Shiller: National House Price Index increased 4.9% year-over-year in September – Calculated Risk
- US Personal Spending Remains Soft In October – Capital Spectator
- The Big Four Economic Indicators: Real Personal Income for October – Financial Sense
- Big banks accused of interest rate-swap fixing in U.S. class action suit – CNBC
- New Class Action Suit Over Swaps Trading Hits Wall Street – Fortune
- Highways Destroyed America’s Cities – Atlantic
- America Is Too Dumb for TV News – Rolling Stone, Taibbi …he makes some disturbing points and we wouldn’t rate any better than the Americans….
- Black Friday Retail Workers Try to Make the Most of a Shopping Slump – NY Times
- Despite Global Events, U.S. Gasoline Prices Remain Low – NY Times
- Detroit tries unconventional approach to restoring its housing market – Washington Post
- How the American middle class lost its taste for mindless consumerism – Quartz
Advertisement
Americas
- Deficits as far as the eye can see – Financial Post…does that sound like somewhere familiar?…
- Toronto property near public transit worth 30% more than other buildings, study finds – Financial Post
- Canada’s New Leadership Reverses Course on Climate Change – NY Times…so it wasn’t just TestosterTone making a dill of his nation?…
- Debt load has many Canadians ‘living on the edge,’ with high housing prices largely to blame: report – Financial Post…those whacky Canucks just keep copying everything we do!…
- Mexico courting Japanese parts suppliers – Nikkei Asian Review
- China-Latin America Relations: In Ecuador, Dependency On Beijing Financing Of Development Projects Raises Fears, Uncertainty For Some – IB Times
- Deep impact: Trouble at the most celebrated investment bank in the emerging markets – Economist
- The Brazilian Banking Blowup – Bloomberg
Terra Ponzinomicus
- Maintaining low dollar critical to avoiding recession after CAPEX dive: top economist – ABC
- Rio Tinto’s $2.6b expansion of bauxite operations in far north Queensland to create 1,400 permanent jobs – ABC
- Federal Government considering superannuation tax concessions, Treasurer says – ABC
- VDL sale: Broad support for foreign dairy buyer but senator flags food security concern – ABC
- Transparency and engagement needed by Chinese firms to counter Aussie fears – SCMP
- NAB chief sees Australia as ‘resilient’ amid China slowdown – Nikkei Asian Review…worth a look…
- Budget deficit narrowing is manna from heaven for Scott Morrison – Guardian, Kouk…just don’t mention automatic stabilisers or declining house prices…
- There is such a thing as wrong kind of growth – just look at Western Australia – Guardian, Jericho
- Japan ready to submit proposal for Australia submarine deal – CBS…will it involve actually building them here?…
- Vocation colleges to shut, leaving 12,000 disappointed students – Fairfax
- Gina Rinehart’s Roy Hill project’s first shipment ‘imminent’ – Fairfax
- ‘Catch up’ super contributions: a tax break for rich (old men) – The Conversation
- Woolies – not Masters of Risk – The Conversation
- Back to the people: Bill Shorten has held Labor together, but the party is still ignoring what voters want – The Monthly
- Foreign buyers jumping through more regulatory hoops in popular suburbs – Domainfax
- Port Phillip Bay seabed set to sail into private hands when port is leased – Fairfax
- GDP might be lower but it might not hurt – Fairfax, Gitto
- Calls for blood are not far away for BHP’s board – Fairfax, Maiden….he may be right here…
- When Lang Walker is selling property, the RBA should be worried – Fairfax, Pascoemeter
- NSW Planning Minister Rob Stokes reveals medium-density housing plan – Fairfax
- The price of being a global city: Sydney’s rent crisis – Fairfax
Commodities
- Currency moves to have big impact on agri-commodities in 2016 – FT.com
- The year of the Chinese metal bear – Reuters
- Fattest-Ever U.S. Cattle Herd Signals End to Record Beef Prices – Bloomberg
- Maximum pain for commodities. Are we there yet? – Reuters
- Chinese aluminum, nickel producers ask state to buy up surplus metal – Reuters
- Coffee traders eye market bottom amid commercial players’ net long – Reuters
- Copper’s price could rest on this: water supplies – Market Watch
- Can India revive the iron ore market? – CNBC
- Steel prices depend on ‘supply discipline’ – Mineweb…good luck with that…
- Why China’s steel mills won’t cut back on production – Mineweb
- TIN MARKET SET FOR 6,000 MT DEFICIT IN 2015, DEMAND 3% LOWER: ITRI – Platts
- US staking its rights in space – Mineweb
- Rio Tinto’s Coal Brush-Off – Bloomberg
- This British Bank Is Backing The Bullish Case For Oil – OilPrice.com
- Don’t Catch the Metals Knife – Bloomberg
Advertisement
Capital markets
- CalPERS fee disclosure raises question of whether private equity returns are worth it – LA Times
- Precious metals funds post biggest outflow in 17 weeks: BAML – Reuters
- Why 2015 Might Be Like 1937 for Stocks – WSJ
- As gold, platinum prices fall, investors flee precious metal funds – CNBC
- US Equities: Revenue Is King in 2016 – AB Global
- ECB Failure Ruins ‘Short of a Lifetime’ – Bloomberg
- Dark Pools Can’t Keep Themselves Clean – Bloomberg
- Middle-market muscles in on investment banking fees – Euromoney
Global Macro
- The Import of Exports – Project-Syndicate, Hausmann
- It Could Be Worse: Five Things to Be Thankful for in a Wobbly World Economy – Peterson Institute
- Ten Questions for the Global Economy – Economonitor…well worth a look…
- Dilemmas, Trilemmas and Difficult Choices – Economonitor
- Premature to call the bottom in emerging markets – SCMP
- Russian hydropower can help fight climate change in Asia – Nikkei Asian Review… interesting piece, also worth bearing in mind RusHydro’s USD bond offerings….
- Oversupply, weak demand depress container rates 60% – Nikkei Asian Review
- Corporate dollar debt key for emerging market resilience, OECD official says – Nikkei Asian Review
- Will interest rates be permanently lower? – VoxEU
- Expansionary or contractionary effects of capital inflows: It depends what kind – VoxEU
- Perils of central banks as policymakers of last resort – VoxEU
- Real exchange rates in conflict zones – Bruegel
- Macroprudential supervision: from theory to policy – Bruegel
- Global financial literacy – Economist
- POPULATION IMPLOSION: How Demographics Rule the Global Economy – WSJ…pretty good infographic and explainer…
- The Lingering Effects of the Financial Crisis – A Wealth of Common Sense
- Markets must get used to price quirks – FT.com
- Could Emerging Markets Rebound? – The Short Side of Long
- Econometrics and the ’empirical turn’ in economics – RWER…definitely something to cogitate on…
- How Much Higher Can The U.S. Dollar Go? – Zero Hedge
- A Heatmap Of Global CapEx ‘Shrinkage’ – Zero Hedge
- What liberals get wrong when they only focus on breaking up the big banks – Washington Post
- The Risk in Rolling Back Wall Street Reform – Bloomberg
Research
- Why are real interest rates so low? Secular stagnation and the relative price of investment goods(Pdf) – Bank of England
- Rational Exuberance Booms and Asymmetric Business Cycles (Pdf) – Suomen Panki
- The credit quality channel: modeling contagion in the interbank market (Pdf) – Bundesbank
- Should Monetary Policy Respond to Financial Conditions? – Liberty Street Economics, NY Fed
- The Effects of Wage Moderation: Can Internal Devaluations Work? – IMF
- Openness and Inequality: Distributional Impacts of Capital Account Liberalization – IMF
- FUNDAMENTALS AND THE VOLATILITY OF REAL ESTATE PRICES IN CHINA: A SEQUENTIAL MODELLING STRATEGY (Pdf) – HKIMR
- EFFECTIVENESS OF LOAN-TO-VALUE RATIO POLICY AND ITS TRANSMISSION MECHANISM – EMPIRICAL EVIDENCE FROM HONG KONG (Pdf) – HKIMR
- THE UNBEARABLE DIVERGENCE OF UNEMPLOYMENT IN EUROPE (Pdf) – Banco de Espana
- Effects of US Quantitative Easing on Emerging Market Economies (Pdf) – Dallas fed
Advertisement
…and furthermore…
- 50 Years Ago, ‘Unsafe at Any Speed’ Shook the Auto World – NY Times…legendary expose…
- Emerging Markets Attract Record $126 Billion in Clean Energy Investment – Economonitor
- Space tourism is closer to taking off, but how should it be regulated? – LA Times
- Smoking high strength cannabis may damage nerve fibres in brain – Guardian…more or less than morning TV?…
- Are U.S. malls ready for Paris-style terror attack? – CBS
- One concept will dominate the Paris climate talks, and it has nothing to do with the climate – Quartz
- How Company Culture Shapes Employee Motivation – HBR
- The Problem-Solving Process That Prevents Groupthink – HBR
- Douglass North, an economist’s historian – VoxEU
- Structure and change in economic history: The ideas of Douglass North – VoxEU
….and when you’ve finished all that…
- Bill Hicks: do the legendary comic’s jokes still stand up? – Guardian
- Drying up ‘Islamic State’ sources of financing – DW
- Is eating fat really bad for you? Here’s what the science says. – Vox
- Remember the Oceans! The most important consequence of the Paris climate talks will be the fate of the oceans. – Slate
- Why Can’t We Build a Splash-Proof Toilet? – Priceonomics
- Images From the 2016 Sony World Photography Awards – Atlantic…some magnificent images here….