Hans Heysen, Guardian of the Brachina Gorge, 1937, National Gallery of Victoria
…sorry I am flat chat for the next month or so. This will get the WE links started today, and will be added to as time constraints allow
China
- China quarterly GDP growth slows but signs of stability emerge– Guardian
- Back to 1997? Why Chinese yuan and Hong Kong property prices may go down by a fifth next year– SCMP
- Why is Citi closing branches in China?– SCMP
- As China’s Growth Slows, Banks Feel the Strain of Bad Debt– NY Times
- Market responds coolly to China’s 6.7% growth– Nikkei Asian Review
- The Truth about Chinese Unemployment Rates – Project-Syndicate
- The Risks of China’s Failure – and Success – Project-Syndicate
- China economy: Are traders overestimating its health? – CNBC
- China First-Quarter GDP Rises From 3 Months Earlier on Housing – Bloomberg
- China’s Debt-Fueled Transition May Be Dangerous, IMF No. 2 Says – Bloomberg
- Funny Numbers Show Money Leaving China – Bloomberg…very good read…
Asia
- Bank Indonesia announces new benchmark for policy rate– Nikkei Asian Review
- Japan’s business lobby rails against EU tax disclosure proposal– Nikkei Asian Review
- BOJ’s negative rates draw new fire from banking sector– Nikkei Asian Review
- Costs of policy uncertainty and delaying reform: The case of ageing Japan – VoxEU
- Japan needs labour market reform, not just higher wages – Bruegel
Europe
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- E,U,’s Five Biggest Economies Join Tax Crackdown After Panama Papers– NY Times…only so they control what everyone finds…
- Documentary Stirs French as Officials Weigh a Labor Overhaul– NY Times
- Spain’s Industry Minister Steps Down Over Panama Papers Revelations– NY Times
- IMF could back away from Greek bailout if debt deal is not agreed– Telegraph
- ECB sees no evidence of asset bubbles from ultra low rates: Draghi – CNBC…so obviously there are none…
- Youth unemployment in the Mediterranean region and its long-term implications – Bruegel
- How to reform EU fiscal rules – Bruegel
United Kingdom
- George Osborne says Brexit would drive up mortgage rates– Guardian…isn’t it interesting to see mortgage rates used as a threat not to do something…
- Would Brexit really force up your mortgage rate?– Guardian
- In Brexit Debate, English Fishermen Eye Waters Free of E.U.– NY Times
- Mortgage bills will rise if UK votes for Brexit, warns Osborne– Telegraph
- The Brexit Alarm – Project-Syndicate, Eichengreen
- A British Bridge for a Divided Europe – Project-Syndicate
United States
- Thanks to Bernie Sanders, we now know how many big corporations don’t pay taxes– Washington Post
- Why There’s Hope for the Middle Class (With Help From China)– NY Times
- This is the worst argument about the national debt you’ll ever find– Washington Post
- Obama Presses for Open Market for Cable Set-Top Boxes– NY Times
- U.S. industrial output falls, signals weak first-quarter GDP growth – Reuters
- Could the San Francisco real estate market finally be slowing down? – Market Watch
- Medicare wants to slash complications in hip and knee replacements – Market Watch
- Americans pay more in taxes than for housing, food, clothes combined – Market Watch
- Why Lowering Interest Rates Won’t Fix the Student-Debt Problem – The Atlantic
Americas
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- Canada’s homes sales hit record with prices soaring at fastest pace since 2008– Financial Post
- All the supposed benefits of a cheaper dollar? They aren’t actually true– Financial Post
- Face it, there is nothing ‘free market’ about the Vancouver, Toronto housing boom– Financial Post…and nothing ‘free market’ about Australian RE either…
- The Task Ahead for Brazil – Project-Syndicate
Terra Specufestor
- Was that a threat? The message given to Malcolm Turnbull on his visit to China– Fairfax…yes it was…
- China: They’re just not that into us any more– Fairfax…HnH has been saying that for a while…
- Australia’s Telstra to sell major stake in China’s Autohome to Ping An Insurance for US$1.6b– SCMP
- Target to close Geelong headquarters and cut 130 to 180 jobs– Guardian …ground zero of Australia’s forthcoming economic implosion…
- Macquarie co-founder Mark Johnson slams money-focused bank bonus culture– ABC
- Treasurer Scott Morrison moves to assure voters of budget tax plan– ABC
- Reserve Bank focuses on real estate and China as biggest financial risks– ABC
- Back off Moody’s: Australia should not increase taxes– ABC
- Turnbull’s Chinese dilemma: balancing security and the economy– ABC
- Clive Palmer says ‘at no time’ did he take money out of Queensland Nickel– ABC
- Fundraiser for Assistant Treasurer Kelly O’Dwyer to be sponsored by NAB amid banking firestorm– Fairfax
- McGrath real estate company in sharemarket trading halt– Fairfax
Commodities
- Still-mighty OPEC tries to maintain oil’s recent price gains, considers freezing output– Financial Post
- Not just China: Japan, South Korea push cheap steel as world reels – Reuters
- Doha meeting might not matter much for oil prices: Kemp – Reuters
- China scrapping steel export subsidies is a little and big deal – Reuters, Clyde Russell
- Thyssenkrupp wants active role in any steel mergers – Reuters
- China deal may trigger knee-jerk metal sales, but little long-term impact – Reuters
- U.S. crude’s contango widens on Marketlink pipeline work – Reuters
- ‘Confusion reigns supreme’ ahead of Doha oil freeze meeting – Market Watch
- Saudi Prince Reiterates Oil Freeze Depends on Others Joining – Bloomberg
Capital Markets
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- A Tough Year for Banking Takes Shape– NY Times
- A century bond? Just think what can happen in 100 years– Telegraph
- Templeton’s Mark Mobius: Russian stock market is bargain of the century – CNBC
- US shale defaults to ‘creep up’: JPMorgan – CNBC
- The ECB’s latest gimmick: Cash for loans – VoxEU
Global Macro
- Path of $681 Million: From Saudi Arabia to Malaysian Premier’s Personal Account– NY Times…big corruption goes right to the very top….
- They make enormous profit and rip customers off – banks need to clean up their act– Guardian
- US announces deal for China to scrap export subsidies to cool trade frictions between the two powers– SCMP
- At the World Bank, a Shortage of Concrete (Language)– NY Times
- G-20 financial leaders call for crackdown on tax avoidance– Nikkei Asian Review…so they didnt know previously?…
- Deflation is the dog that has failed to bark, let alone bite– Telegraph
- G20 worried by ‘modest’ global growth, commodities weakness – Reuters
- Central banks may do more harm than good, says head of India’s central bank – Market Watch
- Pensions are a bubble waiting to burst – Reuters
- What’s Wrong With Negative Rates? – Project-Syndicate, Stiglitz
- Getting Past Slow Growth – Project-Syndicate
- A Progressive Logic of Trade – Project-Syndicate
- Financial cycles, labour misallocation, and economic stagnation – VoxEU
- Breaking the link between housing cycles, banking crises, and the recession – VoxEU
- Global Crisis in the US vs the Eurozone: Banks and monetary policy – VoxEU
…and furthermore…
- March temperature smashes 100-year global record– Guardian
- Who are Mossack Fonseca?– Irish Times…couple of weeks old but good read…
- Researchers have found a ‘striking’ new side effect from eating fast food– Washington Post
- This unusual test reveals how smart you are– Washington Post
- The No. 1 thing that most surprises retirees about retirement – Market Watch
- I was invited to a child’s birthday party with a gift registry. Is that normal? – Market Watch…there is something insidious about gift registries….
- The labour market consequences of technology adoption: Concrete evidence from the Great Depression – VoxEU
- The One Thing, Historically, That’s Prompted Countries to Raise Taxes on the Rich – The Atlantic…the great fear must be that war is the only way to get the rich to pay tax…