Markets Macro & Investing
- Offshore yuan borrowing rates spike – CNBC
- As China Sells Treasurys, Their Haven Status Erodes – WSJ
- Ratings Agencies Still Coming Up Short, Years After Crisis – NY Times
- Rand Faces More Manic Mondays as Japan Currency Romance Unwinds – Bloomberg…lot of manic currency action out there…
Asia
- China’s central bank fends off attack on yuan in Hong Kong – SCMP
- China Rout Threatens to Spawn India Crisis, Top Banker Says – Bloomberg
- China Said to Create New Office Coordinating Finance and Economy – Bloomberg
- Hong Kong real estate’s bull run reaches turning point – Nikkei Asian Review
- Air pollution will drive up China’s natural gas imports – Nikkei Asian Review
- China currency head urges investors not to listen to ‘talking down’ of yuan – SCMP
- China’s central bank struggles to transition to new rate system – SCMP
- When China Stumbles – NY Times, Krugman
- China Contagion Spills Over To Hong Kong Banks As HIBOR Explodes To Record High, Stocks Tumble – Zero Hedge
- Chinese property developers rush to print private Panda bonds – Business Times
- PBOC Put? Li Signals No Major Stimulus While Past Suggests a Cut – Bloomberg
Europe
- Scrap Bank of England’s powers after century of boom and bust, says think-tank – Telegraph
- UK house prices to crash as global asset prices unravel – Telegraph
- Britain abandons onshore wind just as new technology makes it cheap – Telegraph
- Britain’s biggest supermarkets to reveal falling Christmas sales – Guardian
- How the oil collapse stole Russia’s Christmas – Reuters
- Draghi’s QE Buys Some Time for Spain After Election Stalemate – Bloomberg
- Italians pay for 80 years of war and disaster every time they fill their tanks – Quartz
Americas
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- U.S. jobs juggernaut not spilling over into all parts of the economy – Market Watch
- 5 reasons a 2007-style real estate meltdown is unlikely now – Market Watch
- No winning ticket sold in record Powerball drawing – CBS…a billion bucks, can Australians enter?…
- Why the decade’s second half may look much different from the first for investors — and workers – LA Times…good read…
- Why the Fed needs to prepare for the worst right now – Washington Post, Summers
- How Credit Cards Tax America – Priceonomics
Terra Incognita
- Trans-Pacific Partnership will barely benefit Australia, says World Bank report – Fairfax….both sides of Australian politics support this…..
- Push to tax profits on sale of luxury family homes rejected by Labor – Fairfax ….both sides of Australian politics support this…..
- Call to tax profits of family home sales over $2 million – Fairfax….mainstream media cottons onto what LVO has been on about for years…
- RBA likely to shrug off share slump, says Capital Economics – Fairfax…yep, but that’s because they’ll need it later…
- Exporters cheer weakening Australian currency as analysts predict further depreciation – ABC
- Job ads point to stable unemployment rate – ABC
- Deja vu for Australian economy as China woes portend another bad year – Guardian, Jericho
- Tax avoidance impoverishes us all. Fighting it requires challenging the powerful – Guardian, Wayne Swan…good points, shame he did nothing about it when Treasurer…
- Tinkler’s Coal Dream Looks Fanciful – Bloomberg
- Kiwi home ownership falls as renting grows – NZ Herald
…and furthermore…
- Jitters grow for commodity-rich nations, junk-bond issuers – Nikkei Asian Review
- If the kingdom of oil’s crown jewel really does go public, it will blow your mind – Financial Post
- Investors, fasten your seat belts — we’re entering a period of ‘irrational pessimism’ – Financial Post
- Labour market policy: Parts of the picture are missing – VoxEU
- The TPP as a set of international economic rules – VoxEU…very good read…
- Why household debt makes economies prone to crises of confidence – VoxEU…every Australian should read this…
- Scientists are testing whether freeze-dried fecal pills could treat obesity – Quartz…one way to slim down…
Vale
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- David Bowie dies of cancer aged 69 – Guardian