Delusional Economics


Weekend links 19th-20th Dec 2015

  After Xmas party links , in no particular order, more to come tomorrow… Lagarde to stand trial over Tapie affair  – FT Volkswagen Loans Investigated by E.U. Anti-Fraud Office – NYT Fed rate rise is first step to rebalance US financial system – FT Bank of Japan Takes Fresh Action -WSJ Vladimir Putin Says Russia’s


Weekend Links – 17th – 18th October 2015

Asia  The New China Syndrome Harpers China warns US against maritime challenge – FT Murky Housing Inventory Data Plagues Chinese Economy – WSJ Chinese Stock Investors Regain Risk Appetite – WSJ IBM Allows Chinese Government to Review Source Code – WSJ Syrian army launches Aleppo offensive with Iranian support – Reuters Malaysia’s Najib Razak Played Key Role at Troubled 1MDB


Weekend Links 10-11 October 2015

Asia  In a first, Chinese hackers are arrested at the behest of the U.S. government  – WaPo Beijing and Hong Kong lose to Washington-led free-trade deal – SCMP Europe Germany, the eurozone’s economic engine, is sputtering as its biggest companies struggle – Financial Post Greece needs debt relief, significant extension of maturities: IMF – Reuters How Putin


Weekend Links 26th-27th September 2015

  Asia  How China’s risky structured mutual funds may trigger the next stocks sell-off – SCMP China to Announce Cap-and-Trade Program to Limit Emissions – NYT China container traffic decelerates in August as Tianjin blast weighs – SCMP China to cut growth target: economists   Taipei Times Taiwan aids struggling economy with interest rate cut – SCMP


Weekend Links 19th-20th September

  Asia  First sign of cooperation? US repatriates one of China’s most wanted ‘Sky Net’ fugitives days before Xi Jinping’s visit – SCMP Putin’s Line in the Sand: No Regime Change in Syria – Counterpunch Malaysia Fund 1MDB’s Missing Money Problem Grows – WSJ Russia Raises Prospect of Sending Troops Into Combat in Syria – Bloomie China


Weekend Links 12th-13th September 2015

Asia Li says China to open currency market to central banks – WaPo Why Capital Is Fleeing China: The Crushing Costs of Systemic Corruption – Econintersect Understanding China’s Eurasian Pivot – The Diplomat China’s Tencent develops a robot journalist to write news stories – China people Europe Remarks by European Commission President Juncker on the State of the


Weekend Links – Father’s Day Weekend 2015

Bills, bills, bills. One is born, one runs up bills, one dies. What have I got to show for it? Nothing. A butler’s uniform and a slightly effeminate hairdo. Sometimes I feel like a pelican – whichever way I turn I still have an enormous bill in front of me. – Black adder Asia Awe


Weekend Links – 29th-30th August 2015

Asia China’s economy may be in worse shape than people think – Market Watch How Do You Short China? WSJ Friday Thoughts on Crazy Nonsense Baldings World. Things to watch… China’s Stock Market Tumble and the Outlook for the Global Economy New Economic Perspectives PBoC uses complex tool to tame yuan China Spectator China’s Meltdown


Weekend Links 22nd-23rd August 2015

Floating in a sea of stars – DE collection Asia China’s deadly Tianjin explosions show the limits of Xi Jinping’s anti-corruption drive – Quartz Four new fires at China blast site, widespread safety hazards found – Reuters Peak Smartphone: “Smartphone Sales Declined for the First Time in China” – Climateer Investing China factory data fuels slowdown fears – BBC


Weekend Links 15th-16th August 2015

Sunrise over Byron Bay – DE Asia China Seeks to Calm Markets as It Devalues Currency for 3rd Consecutive Day  – NYT China denies currency war as global steel industry cries foul – Ambrose Dangerous chemicals at Tianjin blast site were stored just 600 metres from residential complex – Hong Kong Free Press China Scrambles To Hide Toxic


The Greek resolution, such as it is

Starting back in 2011 I posted rather frequently about the macroeconomic situation in Europe. My basic premise for what we would see in its future was best summed up with the following sentence. Periphery nations weakening, France in the middle, Germany outperforming, but the whole ship slowly sinking. Given recent history that seems to have


Weekend Links 18th-19th July 2015

Now with a few extra from gunna…. That pic is one of DE’s own, taken here Global Macro / Markets / Investing: Google Adds a Record $60 Billion to Its Stock in One Day – Bloomie The end of capitalism has begun – Guardian Crude spreads remain firm in the face of ‘massive oversupply’ – Reuters Bird


Grexit is upon us

Greece is set to default on its IMF loan: And from Yanis’ own blog The Eurogroup Meeting of 27th June 2015 will not go down as a proud moment in Europe’s history. Ministers turned down the Greek government’s request that the Greek people should be granted a single week during which to deliver a Yes or No answer


Weekend Links 20th – 21st June 2015

China China Shares Suffer Worst Week Since 2008 – WSJ China upgrades anti-graft app so whistleblowers can send images of officials caught red-handed – SCMP…auction shots from Oz?… China’s International Growth Agenda – Project-Syndicate Half of Country’s Housing Fund Goes Unused, Official Report Says – Caixin Why China Wants a BIT with the United States


The housing crash we had to have: A Gen Y perspective on the bubble

A weekend guest cross-post from  Rational Radical So bubble mania has finally hit the mainstream. The housing bubble question has landed squarely at the feet of the Prime Minister and his treasurer, and only 10 to 15 years late… What a relief it is then to hear our fearless leaders assure us that there is no bubble, endless


Weekend Links 13-14 June 2015

Asia x-Security Boss Zhou Yongkang Jailed for Life by Tianjin Court – Caixin Uber nears 1m trips every day in China – FT $ Idle Home Builders Hold China’s Economy Back – NYT Southeast Asia’s economic surge lures Bangladeshis to sea – FT Curious world of North Korea’s exports – from badger furs to ‘strength pills’


Weekend Links 30-31 May 2015

Macro, Markets & Investing The Federal Reserve Board Is Much More Likely to Take Your Job Than a Robot, so Naturally the Media Are Talking About Robots – Dean Baker Bond Yields’ Broken Link with Growth – WSJ Foreigners pile into China stocks as red flags loom – FT Asia Major construction at North Korea rocket site,


Weekend Links 2nd-3rd May 2015

Global Macro / Markets / Investing: Nasdaq plunges 1.5%; Dow slides triple digits, clings to gains for 2015 – CNBC Energy earnings run dry in Americas  – FT CME suspends traders for alleged Sarao-like manipulation – Bloomie Record month ends in pain as biotech, small-caps, Apple tumble – Bloomie A View to the Future: Changes in the Investment


Weekend Links 25-26th April 2015

Global Macro / Markets / Investing: Need for better commodity regulation deepens – FT Opec Oil Supply/Demand balance charted – @MauroIppolito Africa and commodity prices – no longer the kiss of death – The Economist Trader Tied to Flash Crash Says He Simply Changed His Mind a Lot – Bloomie Google Caps Costs as Growth


Weekend Links 18-19 April 2015

Now with added Gunnamatta … Global Macro / Markets / Investing: How The World Bank Broke Its Promise To Protect The Poor  – Huffington Post Oil slips below $64 as ample supplies weigh – Reuters Big-Bank Profit Engines Accelerate  – WSJ Why we need to rethink capitalism – TED Bonds beware as money catches fire


Weekend links April 11-12

Sorry for the lack of W/E links, my youngest yard ape turned 8 yesterday so it was a bit of a crazy day. Global Macro / Markets / Investing: US warns of ‘increasingly unbalanced’ global economy – FT U.S. Growth Seen Slower Amid Dollar Headwinds WSJ Factories Be Warned: U.S. Wholesalers Face an Inventory Glut


Easter Links 2015

Bit of a slow start to the Easter break.. I’ll be adding more links over the break. From the team at MB to you and yours , Happy Easter ! We hope the short break treats you well. It would appear now that the rest of Australia is finally waking up to what MB has


Weekend Links – March 14th-15th 2015

Macro & Markets Reality Check: How Fast is China Growing? Global Recession at Hand – Mish Dotcom history is not yet repeating itself, but it is starting to rhyme – Financial Times Ultra-low interest rates could run and run – Financial Times IEA sees renewed pressure on oil prices as glut worsens – Reuters Nikkei


#libspill spillover

My mobile has just bugged out on 200 comments for w/e links, so here is the promised spillover page. I note a whiff that Tones may have the numbers but, God knows why, surely it just means we’ll be re-visiting this again after another few weeks/months of festering. Malcolm is talking like someone who is


Weekend Links 7th-8th Feb 2015

Likely to be a big comment weekend given the #Libspill so , if we get to over 250 comments, I’ll kick off a second page so those on mobiles can still play along… Italics is gunna .. China Conquering China’s Mountain of Debt– Bloomberg China Chart of the Week: The IMF’s Falling Forecast for China–


Weekend Links 31st Jan – 1st Feb 2015

Global Macro/Markets/Commodities I Do Not Think That Number Means What You Think It Means – Krugman Worst-Case Scenario: Everything Can Go Wrong This Year – Bloomie Fanatics, Charlatans, and Economists – Project Syndicate Oil-Price Slide Hits LNG Markets – WSJ Asia/China China Further Tightens Grip on the Internet – NYT Chinese universities ordered to ban


Greece’s next act

Nearly 4 years ago I authored a post on MB titled “Greece’s inevitable default” in which I outlined why I suspected that Greece would continue to stumble from bailout to bailout while the economy slowly imploded. … I am simply going to explain what has happened so that I can explain why under the current