The Shooting of Wild Dogs, Clifton Pugh, 1958, National Gallery of Victoria
China
- China is in better shape than its critics make out – Telegraph
- China capital flight flashes warning as authorities forced to prick property bubble – Telegraph, AEP
- ‘Core’ leader Xi in position for next power grab – Nikkei Asian Review
- China central bank set yuan’s fixing rate at the weakest level in six years – SCMP
- China’s shadow bank lending balloons to 58trn yuan, as focus shifts to risks from fintech platforms – SCMP
- China’s Q3 Indicates Cyclical Stabilization, Secular Challenges – Economonitor
- China Can Resist a Crash But Can’t Prevent One – Bloomberg
- China Gets Desperate About Debt – Bloomberg
- China Construction Bank’s Bad-Loan Buffer Slips Below Minimum – Bloomberg
- China’s A-Share Market Is Still Unpredictable – Value Walk
- China Confronts Danger of Large Debts With Broad Restructuring – Caixin
- New Regulations Target Bad Loans of ‘Zombie Enterprises’ – Caixin
- Accusations of Plagiarism Rock China’s Academia – Caixin
- China’s Debt-to-Equity Push Triggers Concern – Caixin
- Bankruptcy Becomes Option in Addressing Debt Crisis – Caixin
- Closer Look: China’s Debt Crisis Has Similarities to 1998 Situation – Caixin
- 60 per cent of China’s richest people plan to invest abroad and emigrate in next three years, says survey – SCMP
- China’s tax authorities to begin financial data collection on foreign residents from January – SCMP…maybe FIRB could ask them for data on Australian RE ownership by Chinese residents?…
- China launches multi-agency push to tackle corporate debt – SCMP
- New Communist Party conduct rules to keep top cadres – and their families – in line – SCMP
- China denounces those who say graft battle aimed at political foes – Nikkei Asian Review
- Three Threats to China’s Economy – Project-Syndicate
Asia
- Duterte’s finance chief cites ‘steady’ economic policy – Nikkei Asian Review
- Household spending falls for 7 months in September – Nikkei Asian Review
- Amid mild recovery, Caucasus/Central Asia need decisive policies and urgent reforms – BNE Intellinews
- WHY DOES SINGAPORE KEEP TALKING ABOUT TPP WHEN EVERYONE ELSE HAS GIVEN UP ON IT? – SCMP
- Foreign workers leading growth of Japan Inc – Nikkei Asian Review
- POLITICS BE DAMNED, CHINESE AND INDIAN ECONOMIES ARE CLOSER THAN EVER BEFORE – SCMP
- Singapore’s Mall Vacancies Jump to Highest Level in a Decade – Bloomberg
- It’s Not So Yeezy: Indonesians Put Big Spending on Hold for Tax Amnesty – Bloomberg
- Japan’s Great Recession: Lessons for Today’s Global Crisis – Economonitor
- The Secret Success of Abenomics – Project-Syndicate
- Bangladesh’s missing millions: Hide and seek – Economist
- India continues to baffle with rising steel output and lagging consumption – Platts
- Get Ready For South Korea Quantitative Easing in 2017 – Value Walk
- Turkey’s economic pain becoming visible – Nikkei Asian Review
Europe
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- Belgian politicians drop opposition to EU-Canada trade deal – Guardian
- Poland reportedly set to veto French power asset sales – BNE Intellinews
- Europe’s Banks Think They’re Incredibly Safe – Bloomberg
- Eurozone approves 2.8b euros in bailout funds for Greece – Business Times
- Poland defiant as EU deadline on rule of law passes – BNE Intellinews
- Italian banking: MPS mayhem returns – Euromoney
- Italy’s rising risk is warning of an existential eurozone shock – Euromoney
- An Italian take on banking crisis – Bruegel
- The danger of Germany’s current account surpluses: Results of the CFM and CEPR Survey – VoxEU…really good read…
- EU’s Wallonian Wallop Smacks of Brexit Blows to Come – PIIE
- Russia – A Real Breakthrough In The Corporate Governance Of State-Owned Enterprises – Value Walk…maybe, maybe not…
- EU confirms to lift cap on Gazprom’s use of Russia’s Nord Stream pipeline link – Reuters
United Kingdom
- UK economy shrugs off Brexit uncertainty with 0.5% growth – Guardian
- There’s comfort in the GDP figures – but it’s strictly early days – Guardian
- Hammond can signal new era for British infrastructure projects – Guardian
- Despite Brexit, Nissan to Build New Car Model in Britain – NY Times
- JCB boss: EU regulations mean that Britain is better off outside the single market – Telegraph
- How Margaret Thatcher’s Big Bang could protect the City from Brexit, 30 years on – Telegraph
- Will the Brexit revolution be Glorious or bloody? The fate of Mark Carney will tell – Telegraph
- Blair Says U.K. Should Keep Brexit Options Open During EU Talks – Bloomberg…the reverse Brexit movement is starting to take substantive shape…
- Bank of England’s Mark Carney Prepares His Own Brexit – Bloomberg
- UK banks fear public, politicians set against them on Brexit – Business Times
- The post-referendum economy: unscathed, so far – Prospect, Magnus
- How important is “passporting” to the City of London? – Prospect
- London Property Defies the Brexit Scaremongers – Bloomberg
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United States
- FBI restarting probe into Hillary Clinton’s emails – Market Watch
- FBI to review more emails related to Clinton’s private email use – Reuters
- New Emails in Clinton Case Came From Anthony Weiner’s Electronic Devices – NY Times
- If Immigration Can’t Be Stopped, Maybe It Can Be Managed – NY Times
- Will the Next President Face a Recession? Don’t Assume So – NY Times
- The U.S. Is Standing in the Way of Cheaper Drugs for the Poor – NY Times
- Why these economists say Hillary Clinton’s tax hike could create jobs – Washington Post
- The marijuana industry created more than 18,000 new jobs in Colorado last year – Washington Post
- What Could Go Wrong in America? – Project-Syndicate, Feldstein…good read…
- The Economy Everyone’s Alarmed About Is Utterly On Trend – Bloomberg
- The U.S. Job Recovery Is a Global Laggard – Bloomberg
- Why the Incarceration Boom Happened – Bloomberg
- Something is bothering the American shopper – CBS
- Las Vegas casinos love Chinese gamblers. So these guys built a casino just for them – LA Times
- California actually benefits a lot from trade with China – LA Times
- The US Is An Island Of Stability In A Destabilizing World – Value Walk
- Infographic “The State of Debt: 2016” – Value Walk
- U.S.. Economy Grew 2.9% in 3rd Quarter, Picking Up the Pace – NY Times
Americas
- A rich harvest: How the Canadian Wheat Board’s demise unleashed a grain bonanza – Financial Post
- Housing slowdown could be ‘exacerbated’ if government intervention proves ‘too constraining’: DBRS – Financial Post
- Crisis at Venezuela’s PDVSA deepens as Caribbean debts pile up – Reuters
- Canada’s record household debt is threatening its financial stability, global bankers fear – Vancouver Sun
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Terra Incognita
- Banks to repay fees for work they didn’t do. Big deal. – ABC
- S Kidman and Co: Australian consortium withdraws bid after Rinehart group ups offer – Guardian
- ACCC’s Rod Sims says big company domination is leaving Australian consumers ‘worse off’ – ABC
- Australians will pay the price for dominance of big companies, says ACCC chief – Guardian
- Reserve Bank could justify a cut on Cup day – but is there any point? – Guardian, Jericho
- Trans-Pacific Partnership makes Australia vulnerable to court challenges, report claims – Guardian
- How the unemployment rate hides what is happening in the economy – Guardian, Jericho
- Australia is no longer the home of the ‘fair go’, says report – Guardian…fair go went the same way as affordable housing…
- Kidman & Co: All-Australian consortium withdraws bid for cattle empire – ABC
- Underemployment phenomenon emerges with rise of part-time workforce – ABC
- Murray Goulburn tells farmers it’s ‘deeply sorry’ for milk price cut – Fairfax
- Crocodile Dundee-Era Hotels Fail to Impress Discerning Chinese Tourists: They’d rather go to Russia. – Bloomberg, Heath…but they won’t find smug self entitled babyboomer property speculators in Russia…
- From Auckland to Azerbaijan, Anchor stretches around the globe – NZ Herald…kiwi butter is big across the former USSR…
- The Land at Stake Is in Australia, but the Focus Is on China – NY Times
- The sky’s the limit: How can we make housing more affordable? The answer will make a lot of people unhappy – The Monthly
- New Zealand tops World Bank survey as easiest place to do business – Nikkei Asian Review
- Nick Xenophon calls on Turnbull to open public appointments up to scrutiny – Guardian…but how will governments reward underperforming party hacks who want to abuse the public trust on the quiet?…
- Australia’s streaming wars make great entertainment – Nikkei Asian Review
- Meet ‘Mr Chinatown’ of Toorak, Crown Casino’s biggest whale catcher – Fairfax
- Why ultra-low interest rates are on the nose – Fairfax
Commodities
- As cracks emerge in global oil pact, Saudis may need to compromise – Reuters
- Large bulk carrier charter rates sink to two-month low – Nikkei Asian Review
- La Nina’s predicted storms threaten mining in Asia – Nikkei Asian Review
- Reversing course, Beijing orders boost in coal output – Nikkei Asian Review
- Light at the end of the tunnel as Diwali spurs gold demand – Nikkei Asian Review
- Chinese miners eyeing Barrick mine face regulatory morass – Reuters
- IGC underlines huge China grain stocks, as it ups world harvest hopes – Agrimoney
- Rains provoke worries over Argentine wheat quality too – Agrimoney
- Iron ore giants use unconventional methods to lower costs – Mineweb
- OPEC officials stalled on deal to implement supply cut – SCMP
- Renewable energy, electric cars to boost copper demand – Reuters
Capital Markets
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- Don’t be fooled: Barclays and Deutsche are still screwed – Telegraph
- Government bonds are being dumped by investors as central banks become less supportive – Financial Post
- The Return of Dollar Shortages – Project-Syndicate, Reinhart
- Taking Monetary Policy to the People – Project-Syndicate
- Bad News for European Corporate Bonds – Bloomberg
- Global stocks sag as bond ‘bloodbath’ shows no sign of letting up – Reuters
- Why This Dollar Surge Is Different for the Fed – Bloomberg, El-Erian…good read…
- As China tackles corporate debt, risks spread wider – Business Times
- Here’s why bond yields are rising around the world – Market Watch
- UK data prompts global bond sell-off as prospect of rate cut dims – SCMP
- Big investors start stashing cash as bond market lives its ‘nightmare moment’ – Financial Post
Global Macro
- The World Is Out of Weapons – Bloomberg, Das
- How Italy’s Job Market Beats the U.S. – Bloomberg, Kocherlakota…some pertinent points…
- Globalization Goes Into Reverse – Bloomberg, Smith
- The Blind Alley of Monetary Populism – Project-Syndicate
- Financial regulation: The G20’s missing Chinese dream – Bruegel
- Private sector debt matters, and better data means better policy – Bruegel
- The risks and benefits of China weakening its currency – BBC
- Denying globalization’s downside won’t stop right-wing populism – RWER
- Debt and the Global Economy – Value Walk
- The Four Horsemen Of The Global Deleveraging Apocalypse – Value Walk
- Moody’s: Deutsche Bank Is Dangerously Close To Falling Below Its “Default Point” – Value Walk
- “The Fed Failed…” And That Changes Everything – Zero Hedge
- Islamic State using hostages as human shields in Mosul – UN – Guardian…game on…
- The Eurozone ‘house of cards’ to collapse – doomed from the start – Bill Mitchell
- Monetary policy divergence back in vogue, at least for now – SCMP
…and furthermore…
- U.S. Indicts Dozens in $300 Million Indian Call Center Scheme – NY Times…I do seem to get a lot of weird calls from Indian call centres…
- More Wretched News for Newspapers as Advertising Woes Drive Anxiety – NY Times
- Google’s self-driving car project set to go independent – Nikkei Asian Review
- Weapons of Math Destruction: Cathy O’Neil adds up the damage of algorithms – Guardian…very good read…
- UN hires Assad’s friends and relatives for Syria relief operation – Guardian…the global body has become a joke…
- The psychological costs of student debt – Washington Post
- A driverless future is coming — but it won’t start with self-driving cars – SCMP
- Uber sees flying commuters in 10 years – Reuters
- My Second Thoughts About Universal Basic Income – Bloomberg
- Manufacturing’s Productivity Myth – Bloomberg
- The skinny on men’s ties? They’re getting wide again – CBS
- Some of the oddest jobs presidents have held – CBS
- Women face stark realities in retirement – Market Watch
- Climate change and the cost of inaction – VoxEU
- Exchange rate behaviour when interest rates are negative: The evidence – VoxEU
- Why unconventional monetary policy works in theory – VoxEU
- Who oversees data brokers selling your personal info? No one – LA Times
- Remember When the PC Was Dying? It’s Making a Comeback. – Slate
- The Earth Has Lost More Than Half Its Animals Since 1970 – Slate
- GDP – A Grossly Defective Product – Zero Hedge
- How Pricing Bots Could Form Cartels and Make Things More Expensive – HBR
- Who Wins in the Gig Economy, and Who Loses – HBR
- The case against free trade – Part 1 – Bill Mitchell
- Brits have perfected a secret version of the English language to use with their co-workers – Quartz
- Even Math Teachers Are at a Loss to Understand Annuities – NY Times
- Small Factories Emerge as a Weapon in the Fight Against Poverty – NY Times
- Why the Industrial Revolution didn’t happen in China – Washington Post
- If economists want to be useful again they need to redeem themselves – Telegraph
- Pensioners and Populism – Project-Syndicate, Kaletsky