Harbinger, 1986, James Gleeson, National Gallery of Victoria
….I don’t know what has happened with ASX at the Close, so will go early, and add through the eve into tomorrow….
China
- China’s outbound property buying spree will continue – SCMP
- China’s Foreign Exchange Reserves Dwindling Rapidly – NY Times
- China Bears Say the Capital Outflow Is Just Beginning – Bloomberg
- Slump in factory gate prices extends to record length as China’s economy slows – SCMP
- China’s new M&A players haunted by past failures – Reuters
- Could China Have a Reserves Crisis? [CHART] – ValueWalk…disturbing chart…
- China’s Currency Test: Can It Get Capital Controls Right? – ValueWalk…good read…
- Here’s why speculation that China is mass-selling U.S. Treasurys could be true – Market Watch
- Is China’s race to space a military ploy? – CNBC…like the US one?…
- Overhauling China – Project-Syndicate
- Hong Kong Developers Under Pressure to Cut Prices Amid Slowdown – Bloomberg
- How long until China reaches the floor of the recommended reserve adequacy range? – Bond Vigilantes
- Slower Economy a Crucible for Nation’s Steel Industry – Caixin
- Regulators Leave Wealth Management Industry Unplugged – Caixin
- Indebted Steelmaker ‘Not Making Repayments Agreed upon in 2014’ – Caixin
- Higher prices in January not a sign of demand recovery – Nikkei Asian Review
- The China Delusion – Project-Syndicate
- China to cut home transaction taxes – China Daily
- Emerging markets: Big trouble from brittle China – Euromoney
- China’s Foreign Exchange Reserves Dwindling Rapidly – NY Times
- China web finance craze sows confusion and risk – Reuters
- Sensitive financial data ‘missing’ from central bank report on capital flowing out of China’s slowing economy – SCMP
- China to lower annual property tax as part of effort to boost housing sales – SCMP
Asia
- Abenomics? How About Kurodanomics? – Bloomberg
- India seen with fastest wage growth, topping 10% – Nikkei Asian Review
- Is Saudi Arabia on the Verge of Collapse? – The Atlantic…question worth asking…
- Young Saudis See Cushy Jobs Vanish Along With Nation’s Oil Wealth – NY Times
- Deflation in steel, other materials dents export machine – Nikkei Asian Review
- Singapore’s domestic wholesale trade contracts 15.9% in Q4 – BusinessTimes
- Malaysia freezes recruitment of foreign workers after protests – BusinessTimes
- 20 power cos embroiled in Rs30,000-crore coal import scam – DNAIndia…a scam involving Singapore middlemen and commodity…
Europe
Advertisement
- The Netherlands and Finland – two neoliberal hardliners in decline. Part 1 & Part 2 – Flassbeck Economics…good read…
- Greece remains mired in an economic depression without the promised Grecovery – Notayesmanseconomics
- Russia Sues Ukraine in London Court Over Unpaid Debt Claim – NY Times
- In Defense of European Deposit Insurance – Peterson Institute
- One market, two monies: the European Union and the United Kingdom – Bruegel
- Which fiscal union for the euro area? – Bruegel
- Hard times for Italian banks – Bruegel
- ECB sees increased risks, some pressing for pre-emptive action – minutes – RTE
- Now We Know Who Really Runs Ukraine – Foreign Policy
- EU banking union ushers in new era – Euromoney
- Russia would be better off if oil were to dive lower over short term – BNE Intellinews
- West’s policy of supporting liberals and moderates lies in tatters – BNE Intellinews, Aris…100% right…
- Eurozone’s central bankers consider letting inflation run hot – Telegraph…after concentrating the assets, allow prices to fly – what would the downside of that be?…
United Kingdom
- EU summit clinches deal to keep Britain in bloc with ‘special status’ – Reuters
- The economic impact of ‘Brexit’ – Woodford Funds….very comprehensive read…
- Child benefits for EU migrants in the UK – Bruegel
- How mounting job cuts could threaten UK’s economic recovery – Guardian
- The Bank of England is switching to expect ever lower inflation – Notayesmanseconomics
- UK employment hits a record high but wages are weaker and unemployment higher in December – Notayesmanseconomics
- Bank of England deputy says 2019 rate hike expectations not justified – Telegraph
- Is Britain No Longer a Nation of Tea Drinkers? – The Atlantic
- Brexit: London Financial Sector Divided Over Risks Of EU Departure – IB Times
- Grieving families could be forced to pay a new death tax – Telegraph
- ‘Generation Rent’ dominates London property market for the first time – Telegraph
- Public finances show largest January surplus since 2008, retail sales boom – Reuters
- European Union Struggling With How to Keep Britain in the Fold – NY Times
United States
Advertisement
- The Real Economy Is Talking, but Treasuries Aren’t Listening – Bloomberg
- Negative-Rate Policies Are Becoming More Common. Is the U.S. Next? – Bloomberg
- Tax Refunds Aren’t for Spending This Year – Bloomberg
- Americans revert to buying gas-guzzlers – CBS
- US Industrial Production Starts 2016 On The Right Foot – Gavekal
- Recession in US looks unlikely: Analysts – CNBC
- Here’s why the Fed — not the market — might be right about a recession – Market Watch
- What Can the U.S. Learn from Big Government in Sweden and Denmark? – Economonitor
- Why Would Anyone Want to Make the US More Like Europe? – Economonitor
- House flipping: Deja vu all over again – CNBC
- US Jobless Claims Drop To 3-Month Low – Capital Spectator
- The New American Dream: A Rental of One’s Own – The Atlantic
- Fed sharpshooters can’t hit 2% inflation target, much less 4% – Market Watch
- Head of Minneapolis Fed calls for action on TBTF banks – World Finance
Americas
- Argentine Central Bank Intervenes in Peso First Time Since Float – Bloomberg
- At Pemex, a New CEO Confronts Painful Reckoning for Oil Bust – Bloomberg
- A Fight Over Argentina’s Debt Produces No Winners – NY Times
- Puerto Rico’s House of Representatives Passes Bill to Restructure $9 Billion in Debt – NY Times
- Canada ‘leading the charge’ as calls for more fiscal stimulus grow – Financial Post
- What’s Ailing Brazil? – Project-Syndicate
- Oil slump raises Venezuela default risk – Euromoney
- Mexico’s surprise intervention missed chance to nail speculators – Reuters
Terra Election-modus
- Malcolm Turnbull warns property values will fall under Labor negative gearing policy – Fairfax…has he fallen for the 3 card trick? Can he promise they won’t fall under the Torynuffs? and what does he do to make sure of that?…
- Double dissolution is a ‘live option’ as Morrison rules out ‘pixie horse’ tax cuts – Guardian
- Dirty money: Australia’s missing $100 bills in hands of criminals, tax cheats, expert warns – ABC …and how much RE is missing in the hands of criminals and tax cheats?….
- Fairfax relies on real estate for profit rise – ABC
- Is Morrison dreaming when it comes to tax reform? – ABC
- An election fought over policies? No, this isn’t fantasy – ABC
- Santos plunges to $2.7b loss, Iluka returns to profit – ABC
- ‘Blatant hypocrisy’: Why China is being criticised over its opposition to Australia buying stealthy Japanese submarines – SCMP
- Business confidence and tax reform key to Turnbull government re-election: CEDA – The Conversation
- Selling ports and other assets: why anti-competitive deals to boost prices cost the public in the end – The Conversation
- Include a crackdown on trusts in tax reform: ACOSS – The Conversation
- Labor’s negative gearing reform proposal is economically responsible and fair – Guardian, Kouk…where was the proposal in Gillard Rudd era?…
- Australian labour market – looking pretty wan indeed – Bill Mitchell
- Parts and components trade may well save the economy – Manufacturers Monthly
- The infrastructure plan sounds great. But what to build and how to fund it? – Guardian, Jericho
- Vital signs: the missing link between labour markets and growth – The Conversation
- Dairy prices fall again, as rains improve New Zealand prospects – Agrimoney
- ScoMo how about we stop the negative gearing lies – CPEconomics, Pickering…good read…
- Is the employment boom over? – CPEconomics, Pickering
- Australian dollar drops on report RBA’s Edwards said it’s ‘a bit too high’ – Fairfax
- Super tax concessions reduction an equitable way to narrow the deficit – ABC
- Firm blue-ribbon ground of Mackellar under Bronwyn Bishop starts to crack – Guardian
- Malcolm Turnbull, stop dithering on tax reform and tell us what you really think – Fairfax, Aly…maybe he thinks there is no need for reform…
- Independent modelling backs Labor’s negative gearing policy – Fairfax
- Privatising Medicare’s payments system and the erosion of Commonwealth Public Service capability – John Menadue
- ‘Swiss cheese’: Canberra plans to plug tax deduction holes – Fairfax
- Our banks are beyond the law – Fairfax, West…good read…
- Will changes to negative gearing make houses more affordable? – Fairfax
Commodities
Advertisement
- ‘Selfish’ oil firms relish new production despite glut – Reuters
- Iran sees oil freeze pact as not enough to help market: Iranian sources – Reuters
- Is Saudi Arabia winning the war against shale? – Reuters, John Kemp
- Commodities’ well-traveled road to nowhere. Cutting output – Reuters, Clyde Russell
- Japan LNG imports fall 14 percent in Jan, biggest drop since 2009 – Reuters
- Oil market downside looms amid ‘humongous’ pressures: BofA’s Blanch – CNBC
- Will We Ever See Oil Back Above 100 USD per Barrel? – Economonitor
- Iran treads fine line over production freeze – Nikkei Asian Review
- EU wheat stocks poised for rapid run-down in 2016-17 – Agrimoney
- Will La Nina Push Commodities Lower After El Nino? – ValueWalk
- Iron-ore crash sends Kumba from Anglo’s darling to reject – Mineweb
- Technology helps keep miners afloat but prices under water – Mineweb
- The Robber Baron Who Botched the World’s First Oil Storage Trade – Bloomberg
Capital markets
- Hong Kong Yuan Interbank Rates Surge as Currency Loses Ground – Bloomberg
- Federal Reserve’s Risky Decision to Loosen Bank Capital Rules – NY Times
- The case for “global quantitative tightening” – Sober Look…good charts…
- Banks’ hybrid hissy fit is no disaster – Reuters
- Federal Reserve playing with fire on bank capital – Reuters
- Oversold Rally & Global Economy – The Short Side of Long
- Non-consolidated subsidiaries enable banks to arbitrage capital rules – VoxEU
- The case for growth-indexed bonds in advanced economies today – VoxEU
- New York Fed Suggests Large Asset Managers Are Systemic Risk Due To Runs – ValueWalk
Global Macro
Advertisement
- Here’s What Economists Think About Negative Policy Rates – Bloomberg
- Central Banking Goes Negative – Project-Syndicate, Roach
- Time for a Carbon Tax – Project-Syndicate
- When is Fighting Corruption Worth It? – Project-Syndicate…when it is bidding up the price of an asset you are selling?…
- What growing life expectancy gaps mean for the promise of Social Security – Brookings
- Is China To Blame For Falling Inflation Expectations? – Gavekal…that chart is pretty definitive…
- Here’s why oil rout is hurting the global economy instead of helping – Market Watch
- Are We Doomed to Slow Growth? – NY Times
- How the world’s great oil powers became so powerless – Washington Post
- Global leaders must act now as fresh downturn looms, warns OECD – Telegraph
- OECD Cuts World Growth Projections, Warns Over Austerity And Financial Instability – IB Times
- Painful spillovers from slowing BRICS growth – VoxEU
- How to resolve a systemic sovereign debt crisis – VoxEU
- The Economics of Analyzing the TPP (Pdf) – Peterson Institute
- VimpelCom pays $835m to US and Dutch over Uzbekistan telecoms bribes – Guardian
- The Change in Demand for Debt: The New Landscape in Low-income Countries – IMF Direct
- What Beats Corruption? – Project-Syndicate…corrupt heads on sticks…corruption will become the next big global issue…
- World risks being sucked into ‘self-fulfilling’ spiral, warns Moody’s – Telegraph
…and furthermore…
- The Anglosphere Illusion – Project-Syndicate, Gareth Evans…dissing the white English speakers club…
- Closing Developing Countries’ Capital Drain – Project-Syndicate
- The Inequality Puzzle – Project-Syndicate
- The “big data” app that predicts employees’ health – CBS
- The deadly math behind rising auto insurance rates – CBS
- Here’s why Apple won’t unlock San Bernardino killer’s iPhone – CBS
- What if the FBI were dealing with an Android? – CNBC
- Getting rid of $100 bill would be no easy task – Market Watch
- Zika Outbreak Could Be an Omen of the Global Warming Threat – NY Times
- I dare you to read this and still feel good about tipping – Washington Post
- The Gordon Gekko Effect: The Role Of Culture In The Financial Industry – ValueWalk
- THE RISE OF THE PLATFORM ECONOMY – Pieria
- The future of bank risk management – McKinsey
- A Dozen Things you can Learn from the Anti-Models that are Bernard Madoff and his Victims – 25iq
- The Invention of the ‘Type A’ Personality – Priceonomics
- How a Basket on Wheels Revolutionized Grocery Shopping – Priceonomics…good read…
- The impossibility theorem that beguiles the Left – Bill Mitchell…a very good read…
- China Is Splurging On Big-Name Soccer Talent – FiveThirtyEight…is it a form of capital flight?…
- Why millennials are prioritizing short-term spending over long-term saving – Guardian…why is western, English language, society indebting its future?…
- This outrageous reality show captures a massive trend among the global rich – Washington Post…do these guys have houses near you?…
- How People Learn to Become Resilient – New Yorker…a mantra of ‘get the bastards back’ works well…
- Hey Joe, banks can’t lend out reserves – RWER, Steve Keen
- The organizational cost of insufficient sleep – McKinsey…important issue…
- Currency And The Collapse Of The Roman Empire [INFOGRAPHIC] – ValueWalk…very good…