Links 16 May 2019

Global Macro / Markets / Investing:

Americas:

Europe:

Asia:

Trans-Tasman:

Comments

  1. Hugh PavletichMEMBER

    Hong Kong sounds the alarm on Chinese capital flight … Ambrose Evans – Pritchard … UK Telegraph (behind paywall)

    https://www.telegraph.co.uk/business/2019/05/14/hong-kong-sounds-alarm-chinese-capital-flight/
    .
    .
    Earlier China related MB post …

    https://www.macrobusiness.com.au/2019/05/links-15-may-2019/#comment-3347409

    China’s empty homes may prove a bigger threat than Donald Trump’s tariffs … Michael Janda … ABC News (Australian Broadcasting Corporation)

    • With all their negative equity you’d think they’d save the 2 minute noodles for eating only.

      • The Traveling Wilbur

        Ah… 2015. I remember 2015.

        The birds were singing in the trees.
        The Soceceroos were (in the commenteriat’s opinion) playing a crap style of football.
        Everyone had forgotten who ScoMo was.
        Everyone was wondering who the PM was going to be next year in 2016.
        And why Bill Shorten seemed so emminently unelectable.
        When they were going to get a real pay rise.
        And when their kids were *finally* going to be able to afford a house deposit and move the heck out.

        Now we have fewer trees. Which is sad.

    • Ill do it.

      “Yawn. Shut up you self righteous, entitled, FIRE industry parasite.

      The country needs this money to pay for all the healthcare that 2 million aged Chinese people will need when we ask them to come and retire here.”

    • Mining BoganMEMBER

      Existed for decades? Remind me when noted economic vandals Howard and Costello changed the rules. But wait, he even says when it happened further down!

      If this bloke is that ignorant/deceitful then probably best not to have money invested with them

      • The Traveling Wilbur

        Provided you make sure they know you know where they live, those tend to be just the sorts to get you the best returns on your investments.

        In Australia anyway.

  2. Another big US thermal coal producer goes broke, forced out by cheaper, cleaner alternatives.

    https://arstechnica.com/information-technology/2019/05/third-largest-coal-producer-in-the-us-files-for-bankruptcy/

    The difference is that in the US gas is accepted as a cheaper, cleaner alternative to thermal coal whereas in Australia it is not.

    (also the url misspeaks by saying the company is the third largest US coal producer when in the article the company is identified as being the fourth biggest).