Links 23 December 2015

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Global Macro / Markets / Investment:

  • Is the worst over for emerging market capital outflows? Bloomberg
  • Everything to know about falling oil prices: The Economist
  • Stock market fragility indicator highest since Lehman Brothers: ZH

Americas:

  • Pension risks rise to highest ever for States: Reuters (US municipal bonds could be a timebomb)
  • Larry Summers says Fed is making these 4 mistakes: BI

Europe:

  • In or Out? Guide to UK staying in or leaving the EU: FT (out chaps, get out now!)
  • Deutsche Bank probe into dodgy Russian trades expanded: FT
  • Why is Bolivia inspiration for Labour Leader Corbyn? FT (unlocked)
  • The year when Syria’s problems came to Europe: BloombergView
  • Also a good year for smugglers – $1 billion trade estimated on backs of refugees: Reuters
  • Refugees cross the 1 million mark: IBTimes

Asia/Middle East:

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Local:

  • Government slashes iron ore forecast by nearly 20 percent: AFR 
  • 100 days of Prime Minister Turnbull: The Age (The loon pond remains, if somewhat drained. Needs dredging and replacing with less stinky water)
  • Property property property, not shares says SA only billionaire: AFR (we have a billionaire and little millionaire class all based on a property bubble, but no real investment class….)
  • Tesla Powerwall sales could be helped along by gridowners: AFR
  • Chevron axes 1200 jobs from Gorgon project: The Oz’n’Chips

Other:

  • Next step for SpaceX – refuel and relaunch its used rockets: Bloomberg (watch that space!)
  • Remember China has a rover on the Moon! Theyve found some new types of rocks too: LATimes
  • Sultan of Brunei cancels Christmas because it “would test faith of Islam”. It ain’t a Christian holiday anymore Sheriff of Nottingham, I mean Sultan of Nothing. What a wanker. Story here at IBT