Picnic at Dromana, 1867, Louis Buvelot, National Gallery of Victoria
China
- The Foreigner Advising Beijing on Propaganda– WSJ
- Apple invests $1 bln in Chinese ride-hailing service Didi Chuxing– CNBC
- Chinese President Xi Jinping’s Extreme Makeover– WSJ
- China Decides Debt Can Be Dangerous– Bloomberg
- How corporate debt will cause a new Chinese financial crisis– City Wire Selector
- The true story behind China’s mega stimulus surge– City Wire Selector
- China’s Financing Is Growing Pretty Circular, Deutsche Bank Says– Bloomberg
- Hong Kong land prices are down to early 2015 levels, suggest estimates for Tai Po site– SCMP
- China’s smaller companies face credit challenge as bond market funding dries up– SCMP
- Here’s why Bank of America thinks George Soros is wrong on China – Market Watch
- The Coming Revolution of Chinese Robotics – Economonitor
- Reforming China – Rebooting the Economic Engine – Economonitor
- Financial Reform in China – Don’t Bank It! – Economonitor
- China April new loans down sharply, money growth also below forecast – Business Times
- Gov’t Forces Big Pharma to Swallow a Bitter Pill – Caixin
- China Plans World’s Largest Particle Collider to Unlock Universe’s Mysteries – Caixin
- China’s Synthetic Drug Makers High on Defiance – Caixin
- China’s commodity exchanges capable of cooling any futures trade frenzy – Platts
- Rescaling China’s Debt Mountain – Project-Syndicate, Eichengreen
- Why China Is Prone to Bubbles – Bloomberg
- Hong Kong’s Economy Unexpectedly Contracts in First Quarter – Bloomberg
- China Accuses Ex-Presidential Aide of Bribery, Stealing Secrets – Bloomberg
- China’s Debt Bomb: No One Really Knows the Payload [Chart] – ValueWalk
Asia
- The total amount of bad loans in India’s banks is bigger than the GDP of 112 countries – Quartz
- Malaysian property companies grapple with glut– Nikkei Asian Review
- Saudi Arabia’s Reform Plan Is Bold, Modern and Likely Doomed– Time
- Philippines central banker: ‘Business as usual’ after Duterte win – CNBC
- Malaysia PM Najib’s stepson Riza Aziz used 1MDB funds to buy property, WSJ reports – CNBC…property and corruption together again…
- Current account surplus doubled last year on cheap oil – Japan Times
Europe
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- German Economy Grows at Fastest in Two Years on Domestic Demand– Bloomberg
- Many East Europeans Work Hard But How Many Pay Tax?– Migrant Watch
- France might pass a law that makes it illegal to send after-hours work emails– Washington Post
- Italy must choose between the euro and its own economic survival– Telegraph
- Euro-MPs fire thundering warning shot against China over trade terms– Telegraph, AEP
- Big Pharma and the EU: an unhealthy state of affairs– Telegraph
- The U.S. Army’s War Over Russia– Politico
- Russia Calls New U.S. Missile Defense System a ‘Direct Threat’– NY Times
- Another Greek crisis is not needed in middle of Brexit debate– The Times…but we are drifting ever closer, again…
- Catalan president: We’re watching UK referendum closely – CNBC
- German economy more than doubles growth pace in first quarter – CNBC
- Norway’s PM not sure UK should copy its approach to EU – CNBC
- Stay or go, Brexit threat has already changed the EU forever – Market Watch
- Disentangling the nature of Italy’s capital flights – SoberLook
- Kudrin and Poroshenko will fail because corruption is the system in Russia, Ukraine – BNE Intellinews, Aris…all too true…
- Germany’s Middle Class Is Endangered, Too – Bloomberg
- The European Union remains a laggard on banking supervisory transparency – Bruegel
- The ECB grants debt relief to all Eurozone nations except Greece – VoxEU
- Greece in a monetary union: Lessons from 100 years of exchange rate experience, 1841-1939 – VoxEU
- Eurozone’s So-Called Recovery Masks A Dark Secret: Mercantilism. – Flassbeck-economics
United Kingdom
- Brexit vote may spark recession, Mark Carney warns– BBC
- UK steel boost as MEPs oppose giving China market economy status– The Guardian
- Carney Warns Brexit Risks Causing Recession– Bloomberg
- Average price of London home almost doubles to £600,625 since 2009– The Guardian
- The EU is holding our economy back – and Brexit could set it free– Telegraph
- Bank of England governor says Brexit vote could tip UK into recession– Telegraph
- Iron keys, Swiss cheese and spreadsheets: untangling the biggest insider dealing case in Britain – Telegraph
- Super-rich may quit London homes under new anti-corruption rules– Guardian
- UK steel boost as MEPs oppose giving China market economy status– Guardian
- PPI scandal: ‘serious risks’ of more mis-selling in financial services market– Guardian
- IMF says Brexit would lead to cycle of weak growth, hit house and share prices – Reuters…and the IMF represents?…
- British building ‘nosedives’ as Brexit fears delay big projects – Telegraph
United States
- Fed’s Yellen says won’t completely rule out negative rates– Reuters
- Did the Fed Increase Inequality in America?– You Tube
- Unemployment is down. Gas prices are low. Why isn’t America shopping?– Washington Post
- Macy’s woes could doom a third of America’s malls, analyst says– Washington Post
- Trade with China is tearing our politics apart– Washington Post
- Hillary Clinton to support Federal Reserve change sought by liberals– Washington Post
- U.S. plans new wave of immigrant deportation raids– Reuters
- No, Donald Trump has not softened his stance on banning Muslims– Washington Post
- The finance sector is awash in pain, which could well be gain for the US economy– Quartz
- The United States’ newest nuclear power plant has taken 43 years to build– Quartz
- Fed’s Yellen says negative rates would need careful consideration – Market Watch
- Deutsche Bank thinks this is the biggest threat to the economy – Market Watch
- Donald, Hillary and Bernie are lying to us about those lost manufacturing jobs – Market Watch
- U.S jobless claims hit 14-month high; analysts blame Verizon strike – Reuters
- The hollowing of America’s middle class – CBS
- Maybe consumers won’t be boosting the economy – CBS
- Slowdown in job market pushes Fed rate hike farther out – CBS
- Jobless claims show worrying jump – CBS
- The Role of the U.S. In the Global Financial System – Economonitor
- Hedge Fund Cash Flows To GOP Lawmakers Seeking To Loosen Government Grip on Fannie and Freddie – WSJ
- Retail Sector Cracks Have Broader Economic Reverberations – WSJ
- Seven Strange Market Moves for an Unusual Fed Tightening Cycle – WSJ
- Five Charts That Show Americans Families’ Debt Crisis – Slate
- Obama Endorses Idea of National Voting Holiday – Slate
- Trump’s Plan to Destroy the Dollar – ValueWalk
- From coast to coast, middle-class communities are shrinking – LA Times
- It’s Great That So Many Americans Are Quitting Their Jobs – The Atlantic
- Labour market isn’t making Fed’s job any easier – Callam Pickering
- The Fed Should Listen Closely to Britain’s Recession Talk – Bloomberg
- The Fed Made the Poor Poorer – Bloomberg
- How to Tell Facts About the Debt From Political Hype – Bloomberg
- Is the Fed Behind the Curve? – Peterson Institute
- Class politics (Table of median voter income by US presidential candidate) – RWER
- The US economy slows down in the first quarter of 2016 – Flassbeck-economics
- Leaky Buckets of U.S. Data – Constantin Gurdgiev…worth a read…
- Donald Trump and the Art of the Tax Loophole – NY Times
- U.S. April Retail Sales Post Largest Gain in a Year – NY Times
Americas
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- Brazilian President Rousseff’s Downfall Was Years in the Making– WSJ
- Vancouver mansion sold by Canaccord founder for record $31.1 million now owned by ‘student,’ records show– Financial Post
- China’s Spillovers on Latin America and the Caribbean – Economonitor
- In Puerto Rican Debt Standoff, Proof of the Rising Clout of Minority Holdouts – WSJ
- Brazil: Corporate default fear drives impeachment – Euromoney
- Argentine ag exports boom after policy shift – Agrimoney
- Mark Mobius: A New Era For Argentina – ValueWalk
- The Origins of Brazil’s Turmoil – The Atlantic
- Brazil can learn from Spain: don’t delay adjustment – Bruegel
- Learning to Adjust: The Effects of Currency Depreciations on Inflation in Latin America – IMF direct
- Is it time to tax foreign property owners? CIBC economist weighs in – Financial Post
Terra Incognita
- How accommodative is Aussie monetary policy? – Callam Pickering…very good read…
- How To Be Poor And Not Piss Off Those In Power– SBS
- Apartment settlement risk soaring as overseas buyers restricted– ABC News
- What negative gearing costs other taxpayers– Fairfax, Martin….thank the Lord they still have Peter Martin…
- Apartment settlement risk soaring as overseas buyers restricted– ABC, Janda
- Real estate industry unleashes campaign against Labor’s negative gearing policy– ABC
- Labor hits back at negative gearing ‘shrill scare campaign’ by real estate industry– Guardian
- You’re not a ‘bludger’ if you pay no net tax in Australia– Guardian, Jericho….bludgers take money off the outlay side of the budget, but investors take it off the revenue side…
- International pressure grows on Turnbull government over CSIRO cuts– The SMH
- Peta Credlin snipes at Turnbull as leaders prepare for first debate – The Guardian
- Decision to spend Cadbury money in Tasmania’s north corrupt, Andrew Wilkie says– ABC News
- Legal blood-alcohol limit could be reduced to .02 in Victoria as interlock devices made mandatory– ABC News
- Fact check: did the budget take from working mums and give to millionaires– ABC News
- Drivers unite to take on Uber– SMH
- The Kouk: How the Coalition has failed on three key economic promises– The Guardian
- This chart shows how you will probably die, and it’s changed a lot in 100 years– Brisbane Times
- Tasmania completely powered by renewable energy as rainfall boosts hydro dams– ABC News
- Senate voting reform challenge thrown out by High Court in Canberra– ABC News
- We’re being sold the trickle-down economics con– ABC News
- Turnbull’s jobs plan will boost national income by just 0.6%, says Grattan Institute– The Guardian
- Aussie Man Offers HBO $10 Per ‘Game Of Thrones’ Episode He Pirates– The Music
- Malcolm Turnbull takes on Institute of Public Affairs over superannuation changes– The Guardian
- Green veins plan to pump life through Melbourne– The Age
- Macquarie advises Origin to weigh spin-off after LNG project done: sources – Reuters
- Mixed messages from Aussie mortgages – Callam Pickering
- The victims of federal govt tax cuts – Callam Pickering…good read…
- Commercial lending takes a beating – Callam Pickering
- Political questions that can’t be answered by our publicly funded public relations firms – Pearls & Irritations, Bruce Wearne…I know how he feels…
- Foreign buyer statistics don’t solve debate – NZ Herald
Commodities
- Gold Fund Buying Frenzy Spurs Demand to Second-Highest Ever– Bloomberg
- Oil market may clear supply glut earlier than expected: International Energy Agency– ABC
- U.S. Steel Sinks as Another Wave of Cheap Imports Predicted– Bloomberg
- Saudi Aramco finalizes IPO options and plans global expansion – Reuters
- China steel price rally won’t halt capacity cuts: state planner – Reuters
- China steel, iron ore slip deeper into bear territory as exchanges keep up pressure – Reuters
- China warps 2016/17 world wheat carryout – Reuters
- Lithium – the commodity winner you can’t buy – Reuters, Clyde Russell
- Global oil demand surprises on the upside – Reuters, John Kemp
- Glencore bets big on North Sea oil, holds over 30 percent of June benchmark supply – Reuters
- Russia’s Novak: Global oil market won’t balance before H1 2017 – Reuters
- China’s commodities meltdown could rock the markets – CNBC
- After Five Years, Gold Miners Start to Bet on Growth Again – WSJ
- Gold ETFs Main Driver Of Price Surge – ETF.com
- Refiners struggle to stay afloat as Asia drowns in gasoline – Reuters
- Central Banks still net buyers of gold – Mineweb
- Iron Ore Bust Follows Hard on Heels of China’s Speculative Boom – Bloomberg
- Oil at $45 a Barrel Proving No Savior as Bankruptcies Pile Up – Bloomberg
- In times of commodities turmoil, it pays to be agile – Nikkei Asian Review
Capital Markets
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- How Low Vol Emerging Market ETFs Differ– ETF.com
- Global gold demand soars as inflows to gold ETFs hit seven-year high– SCMP
- Big Insurers Send a Wake-Up Call to Hedge Fund Investors– NY Times
- In search for growth, Goldman turns to debt – Reuters
- Why gold won’t break out of a tight trading range – Market Watch
- FX trading set to be dominated by clique of banks – Euromoney
- Double bank runs, liquidity risk management, and Basel III – VoxEU
- China’s rising domestic bond defaults could spell offshore bond market rout – Bond Vigilantes
- Negative rates – a tax on saving? Don’t forget about actual tax – Bond Vigilantes
Global Macro
- Triple Whammy – Low interest rates, market turmoil and restructuring: it’s too much– The Economist
- Negative interest rates are causing a major problem in the global economy– SCMP
- Chinese state-owned firms claim ‘sovereign immunity’ in US courts with foreign ministry’s backing– ABC…could get some interesting outcomes in Australia with that approach…
- Countries pledge to fight graft by revealing who owns companies– Nikkei Asian Review
- New Attack Reported by Swift Global Bank Network– NY Times…time for something better…
- Global inequality under the microscope– SCMP
- SWIFT says commercial bank hit by malware attack like $81M Bangladesh hack – CNBC
- The invisible hyperinflation monster (it’s real) – EconLog
- A digital crack in banking’s business model – McKinsey
- The end of globalisation BNE Intellinews, Aris…it smells at the moment, to progress it needs to deliver for more people…
- Helicopters on a Leash – Project-Syndicate, Adair Turner
- The Global Financial System’s Weakened Defenses – Project-Syndicate
- Time To Short the Automakers? – Bonddad
- China and the United States: Tale of Two Giant Economies – Bloomberg…interesting…
- Managing sudden stops – VoxEU, Eichengreen, Gupta…well worth a look…
- Stress testing and macroprudential regulation: A transatlantic assessment – VoxEU
- Who Wins and Who Loses As China Rebalances – IMF direct
…and furthermore…
- Fairness and Free Trade– Project Syndicate
- Physics Makes Aging Inevitable, Not Biology– nautil.us
- This Soft Wearable Robot Could Help You Carry Heavy Goods– Vice
- Millennials have given commerce its conscience back– Telegraph… or the corporates would like you to think they have…
- Pentagon Turns to Silicon Valley for Edge in Artificial Intelligence– NY Times
- Nissan Throws a Lifeline to Scandal-Stricken Mitsubishi– NY Times
- Government Must Play a Role Again in Job Creation– NY Times…yep…
- Five myths about the Blockchain revolution – Reuters
- My parents made the smartest financial decision of my life – Market Watch
- Vatican Bank: “Impossible to launder money” now – CBS
- Fairness and Free Trade – Project-Syndicate
- The Genetics of Staying in School – The Atlantic
- Some Things Are Worth Forgetting – Slate
- The Privilege of Buying 36 Rolls of Toilet Paper at Once – The Atlantic
- Beijing is setting the stage for war in the South China Sea – Quartz…there is something in this…
- Nominations received so far for Top Ten Economics Books of the Last 100 Years – RWER
- Why the market approach fails to lower CO2 emissions (Part1). And Part 2 – Flassbeck-economics
- Inside the global hunt for Nigeria’s missing oil billions – Telegraph
- Bangladesh Bank heist similar to Sony hack; second bank hit by malware – Reuters
