Planes of Perception, Erica McGilchrist, 1958, National Gallery of Victoria
China
- China’s Secret Lists of Zombie Borrowers Leave Banks in the Dark – Bloomberg
- China falls back on fiscal stimulus to revive growth in ailing northeast rust belt – SCMP
- China’s Corporate-Debt Challenge – Project-Syndicate
- Beijing launches 200b yuan venture capital fund to foster SOE reform and spur innovation – SCMP
- China’s reckoning with zombie steelmakers long overdue – Nikkei Asian Review
- How China’s Trade Concessions Made It Stronger – WSJ
- Chinese Investors Flock To Robo Advisors – ETF.com
- China tipped to overtake US as world’s largest retail market this year – SCMP
- Central bank denies China at risk of liquidity trap – SCMP
- China’s state agencies struggle to coordinate policies in bid to boost slowing growth – SCMP
- China’s Painful Structural Transformation – Project-Syndicate
- This breakthrough in ‘blue energy’ could change the world – Market Watch
- China’s local governments shield ‘zombies’ as defaults swell – Nikkei Asian Review
Asia
- Short-sellers smell blood as Japan Inc wounded by accounting scandals – Reuters
- Mongolia’s central bank raises rates to stem currency fall – BNE Intellinews
- One-time emerging market darling Mongolia is running out of cash – CNBC
- Corporate Japan unwinds over 1tn yen worth of relationships – Nikkei Asian Review
- New policies accelerate India’s road development – Nikkei Asian Review
- Mongolia raises interest rate to 15% to fight currency slide – Nikkei Asian Review
- Bank Indonesia Keeps New Benchmark Interest Rate Unchanged – Bloomberg
Europe
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- Merkel sees no end to EU sanctions against Russia – Reuters
- Italy at the Brink: From Renzi’s Referendum to Italexit? – Economonitor
- Distressed debt deals set to grow on Europe’s southeast frontier – BNE Intellinews
- Prokhorov reportedly in talks to sell stake in Russian bank Rencap to Chinese firm – BNE Intellinews …Prokhorov’s Parthian shot for VVP…
- Italian Banks Continue to Lend to Stagnant Companies as Debt Pile Mounts – NY Times
- Spain, Turkey bank risk puts cloak of fear over Europe’s investor outlook – Euromoney
- German bankers in call to lure London business to Frankfurt – FT.com
- Italy’s stalled economic recovery: in charts – FT.com…classic set of charts…
- The Euro Area Workforce is Aging, Costing Growth – IMF Direct
- Bank of Ireland to charge for placing cash on deposit – Irish Times
United Kingdom
- Why economists are hopeless when it comes to Brexit – Telegraph
- Brecht on Brexit – Project-Syndicate, Howard Davies…he has a point…
- Beijing decries ‘China-phobia’ after Britain cools on Hinkley Point nuclear deal – Guardian
- We need to talk about pensions – Prospect
- Brexit boom: The five charts which show Britain has escaped an economic apocalypse – Telegraph
- Boom or gloom? The economic verdict on Brexit … so far – Guardian
United States
- Greenspan Sees U.S. Interest Rates Rising Soon, Perhaps Rapidly – Bloomberg
- Middle-Income Jobs Finally Show Signs of a Rebound – NY Times
- Six myths about the U.S. economy that are just plain wrong – MarketWatch
- Labor market firming; factories still struggling – Reuters
- If Hillary Clinton Wins, Foundation Will Stop Accepting Foreign Donations – NY Times
- 27 years of economic pain for most Americans – CBS
- Who are the Americans still lacking health insurance? – CBS
- Terror. Politics. To Seattle Millennials, the Future Looks Scary. – NY Times
- U.S. to Phase Out Use of Private Prisons for Federal Inmates – NY Times
- Obamacare Hits a Bump – NY Times, Krugman
- Fed trapped by market view that it’s ‘easing to infinity’ – CNBC
- Why Critics Of Free Trade Are Talking China, Not NAFTA – FiveThirtyEight
- What Will You Do When The Lights Go Out? The Inevitable Failure Of The US Grid – OilPrice.com
- The Era of ‘The Bitch’ Is Coming – The Atlantic…yep, the misogyny is highly likely to be ugly…
- The Changing U.S. Story on Sending $400 Million to Iran – The Atlantic
- The Case for Raising the Fed’s Inflation Target – WSJ
- Yellen to say ‘ready’ for another rate hike in Jackson Hole – Market Watch
- Fed guessing game moves up a gear as Yellen takes stage – Reuters
Americas
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- The Gold Medal for Buying Up Brazilian Assets Goes to China Inc. – Bloomberg
- Vancouver Housing Market Implodes: Average Home Price Plunges 20% In 1 Month – “The Market Is Devastated” – Zero Hedge
- Canadian inflation rate falls unexpectedly to 1.3% in July as retail sales register surprise drop – Financial Post
- Chinese power conglomerates becoming dominant forces in Brazil – Reuters
Terra Incognita
- ‘It was a human reaction’: Malcolm Turnbull defends giving money to a beggar – Fairfax…now we wonder which spin doctor set up that opportunity to present PMT as a great bloke while trivialising poverty…
- Woolworths to scrap Woolworths Dollars in rewards program revamp, leaked document shows – Fairfax
- Banking tribunal for victims being considered by Government, Malcolm Turnbull says – ABC…everything but a Banking Royal Commission which could place bankers in stocks for the public to pillory is being considered…
- Apple Pay: ACCC decides not to grant big banks authority to collectively bargain with Apple – ABC
- Moody’s revises ratings outlooks of Big Four banks to negative – ABC
- BHP Billiton loss hits shareholders and taxpayers – ABC
- Australian treasurer formally rejects Chinese bids for state-owned Ausgrid – Business Times
- Selling off Asic’s trove of company data ‘would hinder tax enforcement’ – Guardian…another call centre putting a phone bank and a peon between you and information, after recording your call for coaching purposes…
- Mike Baird to look for new Ausgrid buyers after rejection of Chinese bid – Guardian
- Sydney Morning Herald Faces Uncertain Print Future in Australia – NY Times
- Australia Bars Foreign Investors From Buying 50.4% of Ausgrid – Bloomberg
- Closing Australia’s Migrant-Detention Center – The Atlantic
- How we commemorate our wars in other people’s countries. – Pearls & Irritations, David Stephens…Australia does have issues here…
- Australia and China, a partnership facing massive change – Fairfax, Gitto…stronger & longer, and up the arse…
- US lawsuit on rate rigging fuels royal commission calls – Fairfax, Ferguson…good read…
- If capping executive pay isn’t the solution, rethinking capitalism is – Fairfax
- APRA highlights income insurance risks – Fairfax
- Putting the brakes on bosses’ bonus blow-outs – Fairfax
- ASIC Plot: Corporate Database Close to Sale – Michael West…the Tories would be itching to do this…
- Seasonality a frustration for the ABS – Callam Pickering
- Labor accuses Morrison of planning ‘humiliating’ u-turn on super reform – Guardian
- Coles knew more than half its workers were underpaid – Fairfax…and the Union?…
Commodities
- After years of pain, coal becomes one of the hottest commodities of 2016 – Reuters
- China smelters face lowest fees in four years as zinc market tightens – Reuters
- Copper – a tale of two South American producers – Reuters, Andy Home
- Will it matter? That’s the question to ask of any oil producers’ deal – Reuters, Clyde Russell
- U.S. corn syrup makers seek record prices even as sugar finds more favor – Reuters
- A commodities rebound is accelerating on China’s doorstep – Business Times
- Rethinking the oil market in the aftermath of the 2014–16 price slump – VoxEU…good read…
- Chinese appetite fuels higher pork prices – Nikkei Asian Review
- Philippine mining turmoil drives nickel prices – Nikkei Asian Review
- OPEC Freeze Wouldn’t Be So Potent as Gulf Rivals Pump More – Bloomberg
- Grain Prices Looking To Find A Nearby Bottom – See It Market
- How the Hunt Brothers Cornered the Silver Market and Then Lost it All – Priceonomics…classic read…
Capital Markets
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- Paul Singer says bond market is ‘broken’ – FT.com
- Dollars Are Expensive, But Foreign Buyers Still Want Treasurys – WSJ
- How the Fed cried wolf (again) on interest rate hikes – CBS
- In the Bond Market, All the World’s Not A Stage – WSJ
- Why Treasury Bonds Are Still Useful – ETF.com
- Singapore Defaults Boost Calls for Aid as Oil Firms Falter – Bloomberg
- Oil Debt Woes Reach Malaysia as Offshore Rig Bonds in Distress – Bloomberg
- The hidden pipes of finance may be furring up – FT.com, Gillian Tett…very good read…
- Junk bond rally shrugs off Brexit risk – FT.com
- Market Signals Just Aren’t What They Used to Be – Bloomberg
- How leading institutions are changing the rules on portfolio construction – McKinsey & Co
- Japan Markets: The Great Keynesian Fail Of 2016? – See It Market
- Train Your Brain for Trading (No, Really!) – Bloomberg…interesting…
- The odds of day trading yourself to a profit are lower than you expect – Market Watch…80% lose…I am still waiting for the Chris Becker trading boot camp…
- Investors face 20 years of pain as ‘golden era’ ends, warns top consultancy – Telegraph
- Why now’s the time for investors to hold a little more cash – Washington Post
Global Macro
- What Role for Global Governance? – Project-Syndicate… governance in the interests of the 1%? …
- An OPEC for Migrant Labor? – Project-Syndicate
- Global Outlook: The Next Five Years – Economonitor
- Capital Flows and Financial Activity in Commodity Exporters – Economonitor
- The two oil production revolutions and what they mean for the price of oil, politics, the economy, and the environment – VoxEU
- The growing importance of financial spillovers from emerging market economies – VoxEU
- The G20 in a post-Brexit world – Bruegel
- People Are Getting Emotional About Fed’s ‘Schizophrenic’ Debate – WSJ
- Emerging-market bears are now few and far between – SCMP
- As Turkey “Considers Military Cooperation” With Russia, US Said To Move Nukes Out Of Turkey – Zero Hedge…could completely change the context of the Eastern Mediterranean…
- How weak productivity can neuter monetary policy – FT.com
…and furthermore…
- Your home in 2025: Smarter, connected and more climate friendly – ABC
- A primer on helicopter money – VoxEU
- Who will get your iTunes when you die? – MarketWatch
- Being an Ideologue Means Never Having to Say You’re Wrong – Bloomberg, Noah Smith
- The Olympics Have Become Ideological Rivalry Between Nations – Value Walk
- Why We’re Still Arguing Whether QE Worked – Bloomberg
- Social Security Retreats From Cellphone-Based Online Security – NY Times
- More Older People Are Finding Work, but What Kind? – NY Times
- The twin boom: The proportion of twins in the population has waxed and waned in human history. For the first time we understand why – Aeon
- Don’t think too positive: Fantasies about the future have a troubling effect on achieving actual goals. If positive thinking doesn’t work, what does? – Aeon
- Everyone fails, but only the wise find humility – Aeon
- Cheating death: Science is getting to grips with ways to slow ageing. Rejoice, as long as the side-effects can be managed – Economist…and as long as it can be funded…
- Monetary policy, financial conditions, and financial stability – VoxEU
- The effect of parental divorce on children’s long-term outcomes – VoxEU…a massive issue…
- Why It’s So Hard to Get Rid of Tax ‘Loopholes’ – WSJ
- When Unequal Pay Makes Everyone Less Productive – WSJ
- The story of the 255-year old business behind your pencils and pens – CNBC…good…
- Why Women Are No Longer Catching Up To Men On Pay – FiveThirtyEight
- Meat Casino, Market Nonsense, The Domino Effect of Uncertainty – Value Walk
- It’s only a small step from distrust in ruling elites to distrust in the legal system – SCMP…there’s a reason for that…
- The wealthy have nearly healed from recession. The poor haven’t even started. – Washington Post
- One Simple Chart Illustrates The Absurdity Of College Cost Inflation – Zero Hedge…incredible chart…
- Why can’t we see that we’re living in a golden age? – Spectator…because it smells, feels, looks like, sounds like, and tastes of?…..
- Don’t Let Your Brain’s Defense Mechanisms Thwart Effective Feedback – HBR
- The new economics of energy storage – McKinsey & Co…good read…
- Does Blockchain Tech Solve Security Problems or Cause New Ones? – American Banker
- The Rise of the Online Degree at America’s Top Universities – Priceonomics
- The Unfortunate Physics of Male Urination – Priceonomics
- The quiet struggle of male breadwinners – Washington Post