Weekend links 26-27 August 2017

Lagoon, Wimmera, 1943, Sidney Nolan, National Gallery of Victoria …..will do more as I get time…..   Macro & Markets Yellen: Financial rules have made economy stronger, changes should be ‘modest’ – Nikkei Asian Review ECB’s Draghi says protectionism threatens global growth – Nikkei Asian Review Emerging nations pivot toward monetary easing – Nikkei Asian


Weekend Links 8-9 July, 2017

‘Open Cut, Muswellbrook’ Weaver Hawkins, 1955 National Gallery of Victoria China Beijing seen lending Chinese yuan a huge helping hand – Nikkei Asian Review China widens investor access as bond trading link with Hong Kong launches – Guardian China is focusing on the wrong things to fix its economy, says economist – CNBC China’s cooling


MB Radio: Immigration gluttony. Can the Aussie economy be force fed?

In the wake of the 2017 Federal Budget and with prices for Australia’s major commodity exporting slumping Gunnamatta spoke with David Llewellyn-Smith and Leith van Onselen about the Australian economy and its key drivers and outlook.  In a wide ranging discussion they cover the role that immigration is currently playing in sustaining Australia’s current economic


Weekend Links 27-28 May, 2017

Surrealist Landscape, Peter Purves Smith, 1938, National Gallery of Victoria   China Regulator urges China banks to save ailing companies – The Boosterism Behind China’s Silk Road Story– Bloomberg China’s Addiction to Debt Now Threatens Its Growth – NY Times PBOC plans to adjust yuan fixing methodology as Fed interest rate rise looms –


MB Radio: Game of Mates

Upon the release of the new book ‘Game of Mates’ he has co authored with Paul Frijters about grey corruption and insider networks across a range of Australian economic sectors, Gunnamatta spoke with Cameron Murray about corruption, vested interest influence on political decisionmaking and resistance to public accountability and reform.  In a wide ranging discussion


Sunday Chartfest May 14, 2017

Another collection gleaned from a week wading through Twitter, a load of media articles and research, with a lead off on the budget.  Australia’s 2017 Budget   The forecast incomings   The Balances & Assumptions   The voyage to a Budget Surplus…….   Mining Investment and Exports   Net debt forecasts and their evolution  


Sunday Chartfest May 7, 2017

Just an experiment/for something different – A load of charts and diagrams collected over the last week or two from either twitter, business articles or research just grouped together under general themes   AUSTRALIAN REAL ESTATE Australian Capital City rents…..(what is happening in Hobart?)   Individuals claiming rental net profit and loss by age 2014/2015


MB Radio: Rort of the Elites

Just weeks out from the 2017 Federal budget Gunnamatta spoke with David Llewellyn Smith and Leith van Onselen about the economic backdrop framing budget decisions, as well as the dynamics of Australia’s key commodity exports and the implications this has for the economic outlook, employment, incomes growth and the housing market.  With the federal government and


Weekend Links 25-26 March, 2017

Cocking an ear, John Brack, 1948, National Gallery of Victoria   China China mortgage rules tightened to curb people divorcing to qualify to buy second homes – SCMP UnionPay bars Chinese buyers from swiping for Hong Kong property – SCMP China must urgently tackle soaring corporate debts, says OECD – SCMP China ‘drawing up rules


Weekend Links 18-19 March 2017

South seas icon No.21: Totem Mountain with brassy sky, Shay Docking, 1972-73, National Gallery of Victoria   China Chinese banks halt mortgage lending after reaching 1st quarter quota on new loans: report – SCMP Chart of the day: Shanghai steel rebar surprises – SCMP China private equity deal values cratered in 2016, but that’s not


Links 28 February 2017

Macro, Markets & Investing Coal Industry Casts Itself as a Clean Energy Player – NY Times Copper’s Price Surge Won’t End Soon – Bloomberg Rising policy uncertainty driving slowdown in global trade: World Bank – Business Times Against the tide: The return of the euro? – Euromoney Zinc rally may have further to run as


Links February 24, 2017

Macro, Markets & Investing The Trump ‘bubble’ skeptics are getting louder, but when — or if — it pops is anyone’s guess – Financial Post Preparation underway for Donald Trump, Xi Jinping to meet at G20 summit in July, sources say – SCMP OPEC searching for proof oil output cuts working – SCMP Federal Reserve minutes


Blinkered consultant offers serfdom as super-pension reform

The scourge of the neo liberal age is the management consultant type which never actually delivers much of an outcome for anyone, but regularly appears in private sector and public sector workplaces, usually under the guise of doing something ‘strategic’ which involves talking to lots of ‘stakeholders’ but sometimes looking at ‘processes’ and how ‘efficiencies’


Weekend Links 7-8 January 2017

He Sees Himself, Gareth Sansom, 1964 National Gallery of Victoria China China to plough US$361 billion into renewable fuel by 2020 – SCMP…one way to inject stimulus without it leaking offshore… China’s small banks vulnerable to bond sell-off, analysts say – SCMP Hong Kong’s offshore yuan market under strain as PBOC targets currency bears –


Christmas Weekend Mega Links Dec 24-28, 2016

Machine 10, Bridget Mclean, 1973, Art Gallery of NSW   China Xi open to growth below 6.5pc on debt risks – SCMP President Xi Open to Growth in China Falling Below 6.5% – Bloomberg Forex reserve safety concerns mean China ‘unlikely to massively sell US debt’ – SCMP China’s bond market plunge fans fears over


MB Radio: The Trump revolution Downunder

With the Brexit vote in June and the Donald Trump win in the U.S. Presidential election in November 2016 delivering an electoral riposte to a generation of increasing globalisation, Gunnamatta spoke with David Llewellyn- Smith and Leith Van Onselen about how the Australian economy is currently positioned, and of the implications for Australian economic policy


Weekend Links 12-13 November 2016

The Night of the Pigs, William Dobell, 1970, Art Gallery of NSW China Singles’ Day: Chinese to splurge $20bn in world’s biggest shopping event – Guardian The white-knuckle countdown to China’s party congress – Nikkei Asian Review China moving away from market economy – Nikkei Asian Review Many Chinese cities are slowly sinking – and


Weekend Links 29-30 October, 2016

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


Links 20 October 2016

Global Macro/Markets/Investing: Peak oil looms over the world again, but this time it’s peak demand – Financial Post Yuan’s swift fall fans currency tensions – Nikkei Asian Review Mess With Central-Bank Independence at Your Peril – Bloomberg Coal: after the $100 per metric ton boom, how long until the bust? – Reuters They think you’re crazy


Links 17 October 2016

Global Macro / Markets / Investing: It may be time to buy gold: HSBC – SCMP Toxic Politics Versus Better Economics – Nikikei Asian Review, El-Erian Signs of Strain in the Stock and Bond Love Affair – NY Times Persistently low rates and monetary transmission – VOX Global deal reached to limit powerful greenhouse gases – AP


Weekend links 1 – 2 October 2016

Wire, Noel Counihan, 1966, National Gallery of Victoria   China Booming Property Market Undercuts Attempts to Revitalize Industry – Caixin…could anyone in Australia get this idea?… China’s Most Misleading Indicator – Bloomberg China may be stockpiling more oil than anyone realized – Washington Post As China ages, will its economy shrink? – SCMP ‘Hard landing’


Weekend Links September 17-18, 2016

Barbara and Auguste, 1957, Charles Blackman, National Gallery of Victoria   China 8 Charts on China’s stimulus driven rebound – ValueWalk…well worth a look… China’s new loans beat expectations in August but home mortgages still main driver– SCMP Chinese local government finances improve but provincial imbalances still pose significant risk, says Moody’s– SCMP China’s High


Weekend Links 20-21 August 2016

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


Links 19 August, 2016

Macro & Markets Fund managers dip into cash as equity markets rally on – Fairfax In upcoming OPEC meeting, consensus could hinge on Iran’s aging oilfields – Financial Post NY Fed, Bangladesh central bank to resume normal money transfers: sources – Reuters China smelters face lowest fees in 4 years as zinc market tightens Top steel


Links 18 August 2016

Macro & Markets Who Would Win a Currency War? No One– Bloomberg Zinc deficit looms, prices up, but output restarts unlikely– Reuters Philippine mining turmoil drives nickel prices – Nikkei Asian Review Here’s an interesting theory about why the dollar is dropping – Market Watch Is George Soros Calling a Top in Gold? – WSJ


Weekend Links 6-7 August, 2016

  Spring, James Gleeson, 1956 National Gallery of Victoria   China Who is Most Dependent on China?– Bloomberg China capacity cutting efforts still lagging by end-July: media– Reuters China’s state planner calls for central bank interest rate cuts at ‘appropriate time’– SCMP U-turn by top Chinese planner gives glimpse into dispute on policy direction– SCMP


Weekend Links July 2-3, 2016

Axiom of Choice II, 1994, Robert Jacks, National Gallery of Victoria China Is China the Next Japan? – Project-Syndicate, Roach China’s State-Owned Enterprises at a Crossroads – Project-Syndicate China Caixin manufacturing PMI slips in June – Market Watch This economist thinks China is headed for a 1929-style depression – Market Watch Growth in China’s factory


Pascometer burns red on Brexit shock

Weoo, weeoo, weoo. Bad news for the global economy. Pascometer has written Brexit off as meaningless thereby confirming the gravity of the the threat. Reader Gunnamatta has done an excellent job of deconstructing the Pasconometric clap trap. Find it below. Pascoe begins: I really don’t give a damn about Britain. So I thought I’d add an