Macro Markets & Investing
- Global markets crash as Chinese devaluation unleashes worldwide chaos – ZH (Zero Hedge always has the most bearish headlines, but they could be right here. Unleash hell indeed)
- Emerging markets can no longer push global growth says World Bank – Telegraph (its up to you Sydney property investors!)
- Another slow year for the global economy – Bruegel (another year in to “The Great Volatility”)
- Global sovereign ratings downgrades continue to outnumber upgrades, according to S&P – GlobalCredit
Europe
- UK house prices rose nearly 10% in 2015, in biggest rise since 2006 – The Guardian
- Osborne warns on a cocktail of risks from global economy hitting UK – FT Alphaville (meanwhile Australian plays tennis or cricket and says “no worries)
- Pension withdrawals a concern as most retirees cash out, dont buy an income stream -BBC (hello Australian future for super. Retire – cash out super – spend it/buy stuff – go on Pension – live in million dollar house. Its almost Greek in its drama….)
Americas
- George W. Bush could be key to stopping Trump nomination, says GOP – Bloomberg. Oh. My. Dog.
- Meanwhile, a real contender for the President – Bernie Sanders – because deep down, he doesn’t want the job.
Asia/Middle East
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- China Suspends Stock Circuit Breaker Days After Introduction – Bloomberg…I think it the only policy move they can do from here…
- China’s foreign exchange reserves register biggest monthly drop on record – SCMP
- More on the China’s FX reserves, its going to get a lot worse first – FT Alphaville
- Stranded Chinese investors breathe fire as stock market shuts down again – SCMP
- Iran accuses Saudi Arabia of bombing its embassy in Yemen – IBTimes
- Iran bans sales of Saudi Arabian goods – BI (next? some flyovers? then an “incident”)
Australia
- First iPads and vouchers, now its luxury cars to entice renters – AFR (oh dear oh dear oh dear)
- China to weigh heavily on RBA’s thinking about cutting rates – Fairfax
- Push to ban tiny apartments in Melbourne – The Age
Other
- How scientists know North Korea didn’t drop a H-bomb – Bloomberg (science, is like, wow man..)
- Why lowering the marginal corporate tax rate does not improve growth – Naked Capitalism
- What commuting in the future could look like – BBC
- Whats the verdict on the “sharing” economy? Quartz