Links 22 December 2015

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Global Macro / Markets / Investment:

  • The Recession and Bear Market in 2016 in 2 charts: ZH
  • Why Russian oil is resilient to the crude bear market: Bloomberg

Americas:

  • Oil price collapse behind huge budget deficits in US states: Reuters 
  • Climate change behind bearish natural gas and oil markets as warm weather reduces demand: Reuters
  • “Military” style police is not working in the US as attitudes firm against law enforcement: IBT (we’re going down this same stupid path of turning police into a “force”)

Europe:

  • The EU must decentralise or disintegrate: Hugo Dixon (proven throughout history that large scale institutions fall under their own gravity if they dont decentralise their functions.)
  • Spanish elections point to huge uncertainty as economy falters: FT

Asia/Middle East:

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  • Saudi’s jail someone for suggesting a “constitutional” monarchy: BBC (hard to reform Islam when the Sauds act like pricks) and of course beheadings continue for no crime, even teenagers
  • As their ‘war on terror’ is exposed as a fraud, just a control for power: Project Syndicate 
  • China reforming bankruptcy laws and rules for its biggest companies: Business Insider
  • As it unveils its 2016 blueprint: WSJ
  • China GDP growth to be sub 6% next year and lower possibly says UBS: Bloomberg Video

Local:

  • Corporate Oz tax avoiders seek more “reform” in wages, ala Workchoices 2.0: AFR
  • Productivity Commission says reduce Sunday rates to Saturday level: Fairfax
  • Agricultural sector applauds global subsidy cut but want more reform: AFR (this is good news)
  • Why is who is the new head of the ABC front page news, discussion and opinion at The Oz’n’Chips? Get over it fellahs.

Other:

  • Cleveland Fed wonky research on what “work” males and females do in and out of the house: Cleveland Fed
  • Killjoy Neil deGrasse Tyson on why BB8 wouldn’t work in the Star Wars world: BI
  • As another killjoy says why you shouldn’t watch Star Wars because blah blah, its banal/reflection of failed society/wah wah. Get a life – its just a story! We’ve been telling stories like this for 1000’s of years. Some people think too much and feel too little. Fairfax