Links 29 December 2016

Macro Markets & Investing

• Shale spectre haunts OPEC’s feast as oil seen rallying into 2017 – Fairfax
• The Crisis of Market Fundamentalism – Project-Syndicate, Kaletsky
• Economists versus the Economy – Project-Syndicate, Skidelsky
• The Threat To Global Banking Standards – Project-Syndicate, Davies
• Trump’s Gathering Trade War – Project-Syndicate, Roach
• Global diamond business roiled as cash crunch hits Indian stone cutting – Reuters
• Power surge: Chinese electric car battery maker charges for global market – Reuters
• Outrage Over the Economy Doesn’t Explain Surging Global Populism – Bloomberg

Asia

• Beijing desperate to stem tide of capital outflow – Nikkei Asian Review
• China industrial profits jump 14.5% in November – Nikkei Asian Review
• China’s rising interest rates reflect wobbly financial markets – Nikkei Asian Review
• Chinese government bonds to remain under pressure – SCMP
• A Growth Agenda for China – Project-Syndicate
• Bananas attract renewed interest – Nikkei Asian Review
• Japan may seize chance to slash yen as Trump homes in on yuan – SCMP

Europe/Middle East

• Brexit talks to rock pound as Article 50 marks sterling’s ‘final dip’ – Telegraph
• ECB tells Monte dei Paschi it needs to raise $9.2 billion – Reuters
• Putin’s Winning Streak Will Be Hard to Extend – Bloomberg, Bershidsky
• Israel says it will continue building settlements in defiance of UN resolution – Business Insider
• Netanyahu to New Zealand’s foreign minister: If you continue to promote this resolution from our point of view it will be a declaration of war.” – GlobalResearch (what a knob – don’t mess with the Kiwis)

Americas

•  First female Afghan air force pilot asks US for asylum — Capt. Rahmani said it’s no longer safe for her to live in Afghanistan.  – CNN
•  Japan’s Abe offers ‘everlasting condolences’ at Pearl Harbor – News.ph
• Lindsey Graham: Donald Trump disagrees with the entire US Senate on Russia – CNN
• Trump gets caught lying about his charitable foundation – MSNBC
• Political scientist: North Carolina “can no longer be classified as a full democracy” – VOX
• Here’s Everything the President-Elect Threw a Twitter Tantrum About Over Christmas – Esquire
• Henry Kissinger has ‘advised Donald Trump to accept’ Crimea as part of Russia – Independent (ah, the capital P prick leading the little P prick…nice precedent)

Terra Nullus

• Making waves: Australia’s Carnegie seeks Chinese partners to commercialise wave energy – SCMP
• The move to swap Tony Abbott for Malcolm Turnbull has been close to a disaster – SMH
• Bob Hawke pushes nuclear power at Woodford Folk Festival north of Brisbane – ABC
• A Brief History Of Australia Hating Different Types Of Immigrants – Buzzfeed
• Torrential rain turns Australia’s desert heart into a series of waterfalls -Mashable

Other:

• The Sugar Wars – The Atlantic
• 3,800-year-old potato garden discovered in Canada – arynews (imagine the Poutine!)
• Taking on income inequality with a CEO pay tax – CBS
• A French sailor just circled the globe solo in 49 days, breaking the previous record by over 8 days. – Yachting World (commendable, but wouldn’t it be nicer to do it in say, 4900 days?)
• Carrie Fisher Dies at 60 – People (RIP Princess Leia)

Video of the Day:

Picture of the Day:

I wonder if its gluten free vegan approved?