Russell Drysdale, Road with Rocks, 1949, Art Gallery of NSW
…more coming…
China
- As China transitions to a ‘new normal’, some financial, economic and political pain is inevitable – SCMP
- Yuan Seen Needing Bigger Depreciation for China to Reap Benefits – Bloomberg
- A New Economic Era for China Goes Off the Rails – NY Times
- What’s really important about China’s stock market disaster, and what’s not – Washington Post
- China shuts down market for second time this month as savers panic about yuan – Financial Post
- Capital flight pushes China to the brink of devaluation – Telegraph, AEP
- Is China really devaluing its currency? – Telegraph
- China goes underground to expand its strategic oil reserves – Reuters
- China’s Services Sector Expands in December – Caixin
- Beijing Party Figure ‘Got Homes for Well Below Market Value’ – Caixin
- Margin Trading Lender Closes, Prompting Investors to Turn to Police – Caixin
- One big market casualty: China regulators’ reputation – CNBC
- China regulator orders banks in some hubs to limit dollar buying this month – sources – CNBC
- China’s workforce faces tough year shifting gears from manufacturing to services – CER
- Will China drag down the world economy? – Prospect, Magnus
- Be Scared of China’s Debt, Not Its Stocks – Bloomberg
- Elite fight proxy battles via business interests –Nikkei Asian Review
- A trillion-dollar question on China’s forex dilemma: just how low should its reserves go? – SCMP
- China regulators to consider range of options in revaluation of circuit breaker rule, analysts say – SCMP
- Chinese billionaire Zhou Chengjian goes missing – BBC…another one…
- Yuan swings prompt companies to cut dollar debt – China Daily
Asia
- Japan’s real wages fall in November, 1st drop in 5 months – Nikkei Asian Review
- World Bank says Japan, Vietnam to gain significantly – Nikkei Asian Review…and the feeblest gains of the TPP belong to?…
- A New Saudi Arabia Is Suddenly in a Hurry in Era of Cheap Oil – Bloomberg
- Turkish central bank’s credibility on the line – BNE Intellinews…good read…
- IMF’s arrears change could boomerang on China-Central Asia debt – BNE Intellinews…good read…
- Saudi Arabia Has Bigger Problems Than Iran – Bloomberg…yep…
- Asian markets wobble as Chinese policymakers stumble – Nikkei Asian Review
Europe
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- Greece’s Two Currencies – Project-Syndicate, Varoufakis
- Has this ‘model’ member of Europe turned rogue? – CNBC
- EU anti-fraud agency eyes Czech finance minister’s conflicts of interest – BNE Intellinews
- Getting eurozone deposit insurance right promises benefits – Bruegel
- German Industrial Production Falls Unexpectedly In November – MNI
- Greece Deserves a Break on Pension Reform – Bloomberg
- Germany Has a North African Problem – Bloomberg
- Employment is rising in Italy—but millennials are still screwed – Quartz
- Not-So-Smart Sanctions: The Failure of Western Restrictions Against Russia – Foreign Affairs… the silliest sanctions ever imposed anywhere, and will look sillier in the year ahead…
- German trade surplus narrows as industry production falls – Irish Times
- Swiss central bank loses billions from currency move – AP
United Kingdom
- George Osborne warns UK economy faces ‘cocktail of threats’ – Guardian
- UK’s record car sales driven by rising consumer confidence – Guardian
- Why it pays to commute: House prices rising so fast in commuter towns they pay for season tickets in a week – Telegraph
- Cameron’s Bold Move Will Help Avert Brexit – Bloomberg
- Here’s the real threat to the UK economy, and it’s got nothing to do with China – Telegraph, Warner
- New UK trade deficit figure prompts alarm as exports fall – Guardian
- Savings rates hit new low, says Bank of England – BBC
United States
- Payrolls in U.S. Rise More Than Projected, Jobless Rate at 5% – Bloomberg
- Can U.S. Remain an Island of Stability in the Global Economy? – NY Times
- U.S. car sales hit record high in 2015 – Washington Post
- U.S. jobs market seen fairly healthy despite slowing economy – Reuters
- New U.S. diet rules would take 20 percent bite out of American sugar use – Reuters
- Most Americans can’t handle a $500 surprise bill – CBS
- A Significant Chunk of Americans Is Still Facing Harsh Medical Debt – Slate
- Consumer Comfort Rises as Americans Turn More Upbeat on Economy – Bloomberg
- The Fed’s New Dashboard Is All About Inflation – Bloomberg
- Chinese Imports Just Doomed Another 1,200 Jobs at Alcoa – Fortune
- Why Do Americans Work So Much? – The Atlantic
- What Bernie Sanders Thinks Is Wrong With the Fed – The Atlantic
- U.S. Initial Claims for Jobless Fell Last Week, Nearing 15-Year Low – Haver Analytics
Americas
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- Why homeowners and buyers can expect more mortgage rate hikes from the big banks – Financial Post
- Why China’s stock market crash is going to send more money into Vancouver housing – Financial Post
- Bank of Canada ready with ‘unconventional’ tools if needed to curb lingering damage from oil shock – Financial Post
- China’s market turmoil likely to have impact on B.C. real estate, say economists – Vancouver Sun
- The case of Hong Kong’s missing book sellers, and what it might mean for Vancouver house prices – Vancouver Sun…applies to Australia too…
- Lake Titicaca Cleanup: Bolivia, Peru Sign $500M Deal To Improve Lake’s Biodiversity Through 2025 – IB Times
- Farewell to the vultures? Argentine debt restructuring and bargaining theory – VoxEU
- Threat of hyperinflation in Venezuela – World Finance
Terra Incomprehensibilia
- Australians buy more Mercs than Fords, as luxury car sales surge – Fairfax
- Shoppers spend up in win for economy – Fairfax…must be all happening online….
- Australia’s Jobs Data Roller Coaster Seen Taking Another Loop – Bloomberg
- Petrol companies price-gouging? Says who? – Fairfax
- Why house prices will rise in 2016 – AFR, Joye
- Australia’s housing standards are failing its ageing population – The Conversation…failing everyone else too…
- Corporate-style regulation of unions won’t defeat corruption – The Conversation
Commodities
- Oil lurches closer to $20 Goldman Sachs doomsday forecast: ‘The supports are crumbling’ – Financial Post
- Battered oil sector awaits distant day of reckoning – SCMP
- Food prices plunge in 2015 on high supply, low demand, strong dollar – Reuters
- Egypt’s new wheat requirement could delay supplies – Reuters
- How long will dirt-cheap oil prices last? – CBS…quite a while…
- Commodities behind 2016’s big political risks – CNBC
- 2016: Oil Limits & The End Of The Debt Supercycle – Zero Hedge…some good analysis here, note comment vis limits to storage…
- Global food prices drop 19pc in 2015 as US dollar strengthens – Telegraph
- CHINA LPG: PRICES FALL ON LOWER JANUARY CPS, WEAK DEMAND – Platts
- Saudi- Iran dispute won’t cause lasting oil price rally – Mineweb
- Great Graphic: Is Gold Breaking Out? – Marc to Market
Capital Markets
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- Fed leans on big balance sheet to soften rate hike impact – Reuters
- Can Systemic Financial Risk Be Contained? – Economonitor
- Tapped for SDR Basket, Yuan Reform Goes Global – Caixin
- The S&P 500 chart that keeps bulls awake at night – Market Watch
- For U.S. stocks, it’s a China in a bull shop – Market Watch… worth thinking about…
- Tensions mount in repo market – Euromoney
- DoJ investigates SSA bond market rigging – World Finance
- That Giant Sucking Sound You Hear Is the ETF Options Market – Bloomberg
- Maths, Not Meddling, May Explain End of Cuts in PBOC Yuan Rate – Bloomberg
Global Macro
- Saudi Arabia considers IPO for national oil group, Aramco – Guardian
- Global markets turmoil echoes 2008 financial crisis, warns George Soros – Guardian
- M.F. Breakthrough Is Seen to Bolster U.S. on World Stage – NY Times
- Yuan is China’s currency but US Federal Reserve’s problem – SCMP
- Chaos in Chinese stock market sends economic waves around the world – Washington Post
- China’s impossible trinity and America’s reality check portend a rocky 2016 – ABC, Janda
- China currency war fears wipe $2.6 trillion off global markets in four days – Telegraph
- The Global Monetary Non-System – Project-Syndicate, Rajan…worth a read…
- Why Emerging Markets Are Melting Down, and Why It Matters, in 10 Charts – WSJ
- How to escape from the slow-growth doldrums – CBS, Thoma…worth a read…
- Tax revenue trends in Asia and Latin America: A comparative analysis – VoxEU
- Emerging markets at a crossroads – VoxEU
- Another slow year for the global economy – Bruegel
- Is this really 2008 all over again? – Economist…it does have some similarities with 1998…
- Currency Devaluations by Asian Tigers Could Hinder Global Growth – NY Times
- Why China’s Stock Market Crash Could Spark a Trade War – Fortune
…and furthermore…
- How Can Banks Get Away With Charging Such High Fees? The same people own most of the big banks – Slate…very good read, and equally true of Australian banks…
- Men’s recommended weekly alcohol limit cut to 14 units – Guardian
- Drugmakers seek ways to deal with the ‘patent cliff’ – Nikkei Asian Review
- Anthropocene dawn: Scientists say humans have brought on a new geologic epoch – SCMP
- Is Fascism Back? – Project-Syndicate…did it ever leave us?…
- Facing Up to Climate Reality – Project-Syndicate, Adair Turner…we have stuffed it…
- The Closed Marketplace of Economic Ideas – Project-Syndicate, Fubini…observation alone soon takes those with ideas to the possibility mankind is being held to ransom by the 1%ers…
- How Americans Got So Fat, in Charts – Bloomberg…we have too, this explains why…
- How Is Inequality Linked to Climate Change, and What to Do About It? – Economonitor
- The “Monsters” Unmasked: Cologne Police Admit “Most Of The Attackers Were Refugees” – Zero Hedge…this incident is creating a big stink in Europe…
- Production of inequality ignorance and knowledge – RWER…classic chart…
- Re-thinking the received wisdom on education: Alternative policy lessons – VoxEU…more product, less branding…
- Designing tax policy in high-evasion economies – VoxEU…step one: stop tax breaks for speculation or price transferring…
- Netflix is everywhere (almost), so what does this mean for local media? – The Conversation
- The sun goes down on Vitamin D: why I changed my mind about this celebrated supplement – The Conversation
- Quest to find bitcoin’s founder highlights currency’s biggest threat: the taxman – The Conversation
- Easing Tenure’s Grip Can Embolden Academia – Bloomberg, Noah Smith…will also make them cheaper to buy…
- This Ancient Stomach Bug Was Also a Feature – Bloomberg…interesting…
- How Economics Went From Theory to Data – Bloomberg…well no amount of sugar in the theory is explaining the shit taste in the data…
- It’s Harder Than It Looks To Link Inequality With Global Turmoil – FiveThirtyEight
- The mass consumption era and the rise of neo-liberalism – Bill Mitchell
- US researchers are trying to grow human organs inside pigs and sheep – Quartz
- What’s the Saudi-Iran Feud Really About? – The Atlantic
- Can Taxes Encourage Better Corporate Behavior? – The Atlantic…only if they threaten pain…
- New technology puts health care in palm of your hand – Japan Times
- The dollar’s international role: An “exorbitant privilege”? – Brookings, Bernanke
- Why bullshit is no laughing matter – Aeon
- Huge currency zones don’t work – we need one per city – Aeon