Axiom of Choice II, 1994, Robert Jacks, National Gallery of Victoria
China
- Is China the Next Japan? – Project-Syndicate, Roach
- China’s State-Owned Enterprises at a Crossroads – Project-Syndicate
- China Caixin manufacturing PMI slips in June – Market Watch
- This economist thinks China is headed for a 1929-style depression – Market Watch
- Growth in China’s factory sector stalls, increasing chance of more stimulus measures to boost economy – SCMP
- What next for Chinese yuan after Brexit? ‘Yes’ to devaluation. ‘No’ to capital outflows – SCMP
- Corruption fight set to headline Chinese president’s Communist Party anniversary address – SCMP
- China’s Big Four ready for bad debt challenge – Euromoney
- China factory activity stalls in June, more stimulus expected – Reuters
- China’s Manufacturing Treads Water in June as Services Perk Up – Bloomberg
- No, Graft Isn’t Good for Growth – Bloomberg
- China’s Bad Bank Capital Thirst – Bloomberg
- Chinese Companies Splash US$80 Billion on Nigeria Oil, Gas – Oilprice.com
- Cutting Corporate Debt, One Step at a Time – Caixin
- Policymakers Rush to Slam Brakes on Private Investment Slowdown – Caixin
Asia
- BOJ may act on lower May CPI, flat business sentiment – CNBC
- As negative yields spread, Asia bond market offers the best returns, analysts say – CNBC
- Japan’s GPIF had portfolio losses of over $50 billion last fiscal year – CNBC
- Singapore bank halts London mortgage lending following Brexit – Telegraph
- Japan’s May consumer prices mark biggest slide in 3 years – Nikkei Asian Review
- Japan’s 2015 land prices rise for 1st time in 8 years: govt survey – Nikkei Asian Review
- Main Tankan reading masks increased business uncertainty – Nikkei Asian Review
- Breakdown: Solving Asia’s other bad debt problem – Reuters
- Bad-Loan Ultimatum in India Sees Default Risk Climb Most in Asia – Bloomberg
- Singapore Home Prices Post Longest Losing Streak on Record – Bloomberg
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Europe
- EU approves Italian contingency plan to guarantee bank liquidity – CNBC
- S&P cuts EU credit rating after Brexit – Business Times
- Sanctions shield protects Russia from Brexit fallout – BNE Intellinews
- Reawakening Europe – Project-Syndicate, Fischer
- Jumpstarting Europe’s Economy – Project-Syndicate
- Google offices in Spain raided in tax investigation – Telegraph
- Standard & Poor’s cuts EU credit rating after British vote to leave – Guardian
- As Britain Faces Uncertainty, Europeans Jockey for London’s Business – NY Times
- Austrian presidential election result overturned and must be held again – Guardian
- Italy’s productivity conundrum: The role of resource misallocation – VoxEU
- Macroeconomics in Germany: The forgotten lesson of Hjalmar Schacht – VoxEU
- Post-Brexit, the Real Risk Is Europe Could Fail – Bloomberg
- Euro zone unemployment falls to lowest level in almost 5 years – CNBC
- The Brexit contagion could consume the French elite next – Brookings
- THE BREXIT POSSIBILITY – Stratechery
- Italy Granted “Extraordinary ” €150BN Bank Bailout Program To Prevent “Panic, Run On Deposits” – Zero Hedge
- The International Dimension of Monetary Policy – ECB, Draghi…reads like a help call to me…
- Economic stimulus is putting profits of Europe’s banks at risk, warns ECB – Telegraph
- Sunday Night Bailout: Italy – Constantin Gurdgiev…he is right, weaker financial systems are under the kosh…
United Kingdom
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- UK may need more stimulus by summer, says Bank of England – CNBC
- How EU Overreach Pushed Britain Out – Project-Syndicate, Feldstein
- Infrastructure projects are vital to our post-Brexit future – Telegraph
- Brexit has demolished George Osborne’s deficit plan. The next PM will need one of their own – Telegraph
- UK’s ‘second deficit’ threatens household living standards after Brexit – Telegraph
- Brexit: Bank of England says shock has created ‘economic PTSD’ for households and businesses – ABC
- A top British official’s ominous warning has sent the pound back down again – Washington Post
- Unlike politicians, Mark Carney looks to be taking the initiative post-Brexit – Guardian
- Brexit’s Stunning Coup – NY Times, Tony Blair…was Tony playing Banquo’s ghost for many Brexit voters?…
- Has the UK financial system held back UK investment? – VoxEU
- Shifting sands: Britain’s political parties plunge into crises of leadership—and philosophy – Economist
- Brexit: who trades what with the UK? – Bruegel
- UK political elite used poverty & immigration fears to secure leave vote – Bruegel
- Why Scotland shouldn’t bet on easy path back to EU – CNBC
- Brexit: A new ‘manifest crisis’ for UK steel? – Platts…sure is…
- Brexit and the easing of austerity – BBC
United States
- The most expensive U.S. cities to have a baby – CBS
- Freddie Mac losses may mean further bailouts – Euromoney
- U.S. shale oil’s Achilles heel shows signs of mending – Reuters
- The U.S. Now Ranks 19th in ‘Social Progress,’ With Finland and Canada Topping the List – WSJ
- How Chinese Students Saved America’s Colleges – Bloomberg
- How do people really feel about the economy? – Brookings, Bernanke
- Nearly All U.S. Banks Pass Fed’s Stress Test – NY Times
- Could the U.S. Really Gut Its Trade Deals? – The Atlantic
- A Middle-Class Stronghold’s Uncertain Future – The Atlantic
- A Strong Middle Class Doesn’t Just Happen Naturally – The Atlantic
- Are American Banks Sturdy Enough to Weather Another Financial Crisis? – The Atlantic
- US income gap widened last year as top 1 percent gained most – AP
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Americas
- How Puerto Rico Can Recover – Project-Syndicate
- Suriname: Facing the Storm with a Correction of Course – Economonitor
- Puerto Rico set to register largest default to date – CNBC
- Five Lessons from the Expansion of the Panama Canal – Economonitor
- British Columbia to end self-regulation of real estate industry after damning report – Financial Post
- Canada’s GDP edges up for first time in three months, but growth spurt unlikely to last – Financial Post
- Obama signs law to rescue Puerto Rico’s economy – Washington Post
- Puerto Rico Debt Relief Law Stirs Colonial Resentment – NY Times
- Oil Made Venezuela Rich, And Now It’s Making It Poor – FiveThirtyEight
- Immigrant investment has impact on Vancouver housing market: researchers – Vancouver Sun
- Chinese bank claims fugitive who owes $10M bought four homes in B.C. worth $7.2M – Vancouver Sun
- Acceptance and praise for real estate industry changes – Vancouver Sun
Terra Electorus
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- Win, lose or draw: The many shades of this election – ABC, Barrie Cassidy…nails it for mine…
- Why Gen Y needs to take its vote seriously – ABC
- Australia’s manufacturing sector records longest period of growth in a decade – ABC
- Home prices moderate, but Sydney and Melbourne continue to surge – ABC
- AMP: Investors call to wind up Capital China Fund – ABC
- The dumb way we measure economic management – ABC, Letts…very good read…
- The Australian election is a health hazard – Fairfax
- Youth to foot bill for baby boomer budget incompetency – Fairfax
- Dairy crisis explained: It’s more to do with Vladimir Putin than $1 milk – Fairfax
- The sorry state of returns from superannuation funds this year – Fairfax
- Turnbull government’s $185m nanny scheme pays out just $9000 – Fairfax
- Nick Xenophon ready for the SuperShock of polling day – Fairfax
- Malcolm Turnbull promises nobody will pay more to see the doctor despite rebate freeze – Fairfax
- Brisbane Labor pains: erstwhile ‘progressive hotbed’ looking lukewarm – Guardian…the haunting suspicion the ALParatchiks are frauds…
- How Paul Keating became the modern day hero for left and right alike – Guardian
- Coalition squeezes welfare lemon again – The Conversation
- Shorten struggles as campaign winds down – The Conversation
- WA-xit: history beckons – The Conversation
- Black market jobs cost Australia billions and youth are at the coalface – The Conversation
- Labor’s stimulus package got us through a crisis. Turnbull saying otherwise is silly – Guardian, Jericho
- Aussie farmers worry over fallout of ‘backpacker tax’ – Nikkei Asian Review
- Campaign 2016 is done and dusted: Now, to find out what we were wrong about – The Monthly
- The Risks to Australia’s Economic Miracle – WSJ
- Aussie PM Learns the Hard Way That Politics Is a Very Different Game – Bloomberg
- Australia’s Election Is a Fight for a Future After Mining – Bloomberg…shame neither side pitched any vision about that to us…
- Australian credit growth moderates – Callam Pickering
- We starve the state and public infrastructure development at our peril – Bill Mitchell
Commodities
- Commodities are crushing it in 2016: Here’s why – Market Watch
- China to cut steel capacity by 45 million tonnes this year: state planner – SCMP
- Global coffee exports down 6.8 pct in May: ICO – Reuters
- Oil falls as oversupply concerns return to center stage – Reuters
- Global oil overhang to choke price recovery well into 2018 – Reuters
- Wheat faces fourth week of decline, lingers near six-year low – Reuters
- Oil Is Still Heading to $10 a Barrel – Bloomberg
- Why Oil Prices Haven’t Peaked Yet This Year – ETF.com
- The Oil World’s Dirty Little Secret – Bloomberg
- Thermal coal futures so bright, you gotta wear shades – Platts
- Biggest diamond in more than century fails to sell – Mineweb
- The One Chart That Shows Why Oil Prices Have To Keep Rising – Oilprice.com
- OPEC Needs 650,000 bpd To Avoid Global Supply Deficit – Oilprice.com
- Can The Natural Gas Rally Continue? – Oilprice.com
- Goldman says China iron imports to drop as old economy fades – Mineweb…now hasn’t HnH been saying that for years?…
- Glencore hails ‘window of opportunity’ for UK wheat exporters – Agrimoney
- Corn futures tumble, wheat hits 9-year low, as US lifts supply hopes – Agrimoney
- Australia milk price woes force ‘negative impact’ on listed dairy group – Agrimoney
- Cotton leads way in Chinese commodity rally – Agrimoney
- Wheat prices fall to 10-year low on abundant supply – Nikkei Asian Review
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Capital Markets
- Why Brexit could land a blow on bonds – CBS
- When a Storm Is in the Offing: Fundamental Growth in the U.S. Equity Market – Research Affiliates
- Brexit let these investors grab a bigger piece of the pie – Market Watch
- Do android bankers dream of electric bonuses? – BNE Intellinews
- Yuan internationalisation likely delayed by euro and pound volatility, says BOCHK economist – SCMP
- China’s yuan drops sharply following media report PBOC prepared to tolerate softer currency – SCMP
- Brexit is perfect illustration of modern corporate complacency – SCMP
- Pound drops as Bank of England’s Mark Carney hints at fresh interest rate cuts – Telegraph
- The negatives of negative rates – Euromoney
- What Currency to Buy After Brexit? Try the Brazilian Real – WSJ…and after the Olympics?…
- Bail-in versus bail-out: The Atlante example from a systemic risk perspective – VoxEU
- Currency valuation and risk premia – VoxEU
- Fighting ‘currency wars’ with blanks: The limited role of exchange rates in export competitiveness – VoxEU
- Credibility of central bank(er)s – VoxEU
- Negative rates and seigniorage: Turning the central bank business model upside down – the special case of the ECB – VoxEU, Gros…good read…
- Why it doesn’t make sense to hold bonds – VoxEU
- No Lehman moment on currency markets after Brexit vote – Bruegel
- Brexit, Europe’s Bear Market, Interest Rates & Gold – Short Side of Long
- European crisis has the potential to spread contagion via Autocalls – ValueWalk
Global Macro
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- The greatest reshuffle of individual incomes since the Industrial Revolution – VoxEU
- IMF says Brexit uncertainty to dampen growth outlook – CNBC
- The early line on Brexit’s economic impact – CBS
- A Trivially Overlooked Brexit Scenario and Its Potential Aftermath in Early 2016 – Economonitor
- Brexit’s Blow To Globalization – Project-Syndicate, Reinhart
- The Anti-Globalization Brexplosion – Project-Syndicate
- Poverty, Inequality, and the GDP: The Economy of Good Jobs – Economonitor
- Football, Brexit, and Us – Project-Syndicate, Hausmann
- Brexit is just the start of a bigger jobs fight – ABC
- After ‘Brexit,’ Finding a New London for the Financial World to Call Home – NY Times
- Why Will Markets Recover From ‘Brexit’? Clues From Past Crises – NY Times
- Bond yields sink as central banks head for easier policy – Reuters
- The impact of trade agreements: New approach, new insights – VoxEU
- Brexit Forces Stretched Central Banks to Do More with Less – Bloomberg, El-Erian
- Kiss Your Domestic Bias Goodbye, Central Bankers of the World – Bloomberg
…and furthermore…
- In Defense of Germ Line Gene Therapy – Project-Syndicate
- Could a Basic Income Help Poor Countries? – Project-Syndicate
- Shifting Toward the Knowledge Economy – Economonitor
- Retirement is making people more miserable than ever before – Market Watch
- These jobs have the highest rate of suicide – CBS
- Brexit was about making politics democratic again – ABC
- Billed as conservative, but Brexit is radicalism writ large – ABC
- OpenTheBooks Oversight Report – The Militarization Of America – OpenTheBooks…eye raising…
- Thinking outside the box will help avoid the commoditisation trap – SCMP
- Tesla driver using autopilot killed in crash – Washington Post
- What the 1880s tell us about why the rich are moving to cities today – Washington Post
- Neither rigged nor fair: Bosses’ pay in the rich world is not a fix. But it is flawed – Economist
- Credit-Card Companies Know How Little You Know – Bloomberg, Noah Smith
- Here’s What Financial Pundits Mean When They Say… – Bloomberg, Ritholtz
- Regulatory Capture, Ancient and Modern – RegBlog
- Antarctic Ozone Hole Is Showing First Signs Of ‘Healing,’ Scientists Say – IB Times
- When Algorithms Take the Stand – The Atlantic
- Mortgage Application Process – How Prepared Britons Are To Buy A Home – ValueWalk…interesting graphic…
- U.S. Says Sanctions On Russia Caused “Marginal” Damage On EU Economies – Oilprice.com
- Slavery as free trade – Aeon…old reflexes die hard…
- Speaking in tongues – Aeon…good read about bilingualism…
- Behind shrinking middle-class jobs: A surge in outsourcing – LA Times
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Choice, 1968, Bea Maddock, Art Gallery of NSW