MacroBusiness

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Weekend links 2-3 February 2013

Here’s a list of things Reynard read over night. Global Macro: A must read from PIMCO’s Bill Gross on the global credit supernova – PIMCO On SWFs being paid to borrow – FT Alphaville A cap and trade proposal… for immigration – FT Alphaville It’s not a collateral shortgage that’s plaguing the global financial system,

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Links 1 February 2013

Here’s a list of things Reynard read over night. Global Macro: Reforming bank risk-weighted assets – FT Alphaville Goldman Sachs braces for bond market blow up – Fortune Expect to hear a lot of scary bond bubble talk, starting … now. – Quartz North America: The FOMC Decision and US Q4 GDP Data – Acting

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Links 31 January 2013

Here’s a list of things Reynard read over night. Global Macro: Central banks walk inflation’s razor edge – Financial Times North America: Federal Reserve issues FOMC statement – Federal Reserve The Fed holds – FT Alphaville Fed Says That growth in Economic Activity Fell in Recent Months – Business Insider  Comments on Q4 GDP and

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Comparing Australian and US housing

Please find below an interesting article by Philip Soos questioning the mainstream view that Australian housing values are built upon solid foundations. Philip is a Masters research student at the School of Humanities and Social Sciences, Deakin University. As mainstream opinion would have it, Australia’s housing prices are solidly based upon fundamental valuations or intrinsic

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Links 30 January 2013

Here’s a list of things Reynard read over the long weekend. Global Macro: Exploring pro-cyclical budget positions – Bill Mitchell Doubting the bull market in Treasuries is over – FT Alphaville Currency Wars in the Era of Unconventional Monetary Policies – Econbrowser Five things economists know about immigration – Washington Post North America: The foreign

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Links 29 January 2013

  Here’s a list of things Reynard read over the long weekend. Global Macro: Davos Money Men Say World Recovers, Fret About Relapse – Bloomberg Does this mark the top for bond prices? – Calculated Risk Hedge Funds Boost Bullish Bets by Most Since July: Commodities – Bloomberg Profit warnings highest since 2008 – Financial

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Weekend links: 26 & 27 January 2013

Here’s a list of things Reynard has read so far this weekend. Global Macro: Marc Faber Fears 1987 Redux As “Markets Will Punish Interventionists” – Zero Hedge Banks exacerbate the economic cycle on both the upside and the downside – The Economist In Davos, the World Economic Forum’s Big, Unintelligible Ideas – Bloomberg Businessweek Rogoff:

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Links 25 January 2013

Here’s a list of things Reynard read over night. Global Macro: The shape of discretionary spending in emerging markets – FT Alphaville IMF: Cut bankers’ pay or risk another crash – The Independent Preparing for a nickel glut? – FT Alphaville Dr Doom says quantitative easing will create zombie banks, firms and borrowers – The

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Links 24 January 2013

Here’s a list of things Reynard read over night. Global Macro: Global Employment Trends 2013 – Recovering from a second jobs dip  – World Bank Recoveryless jobbification – FT Alphaville Job destruction vs unemployment duration by country, 2007 vs 2011 – FT Alphaville NGDP level targeting: Yellen it from the rooftops, but nobody heard –

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Links 23 January 2013

Here’s a list of things Reynard read over night. Global Macro: The practicalities of the currency wars – FT Alphaville Whatever happened to the double-digit sovereign yield? – FT Alphaville Long-term pessimism, short-term frothiness, and the recovery in world wealth – FT Alphaville Inequality, the Second Great Depression, and mainstream economics – Real World Economics

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Links 22 January 2013

Here’s a list of things Reynard read over night. Global Macro: The Perfect Storm: Energy, Finance & the End of Growth – Straight Talking The Economic Fundamentals of 2013 by Nouriel Roubini – Project Syndicate UK Regulator Says Changes Afoot for ‘Too Complex’ Bank Rules – New York Times Gold price in 2013: watch out

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Links 21 January 2013

Here’s a list of things Reynard read over the weekend. Global Macro: Morgan Stanley points out the world is practically insolvent – The Economist Gold Prices Are Setting Up For A Massive Breakout in 2013 – EFT Daily News Investment Banking Faces Massive Layoffs and Identity Crisis – Der Spiegel Is a New Bull Market

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Weekend links: 19 & 20 January 2013

Here’s a list of things Reynard read overnight. Global Macro: Are CBs sowing the seeds of a greater crisis? – The Australian Guilty gilts and central bank independence – FT Alphaville We Are Now So Close To The End of The Era Of Crisis… – Business Insider FRB: Do Recessions Affect Potential Output? – Federal

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Links 18 January 2013

Here’s a list of things Reynard read overnight. Global Macro: Getting on with life after the “policy vol crunch” – FT Alphaville North America: Canadian finance minister (Flaherty) will face flack if house prices cool – The Globe and Mail How low will Canadian house prices go? – Canadian Business More on “substantially” and the

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Links 17 January 2013

Here’s a list of things Reynard read overnight. Global Macro: IMF forced into circular logic again – Bill Mitchell Russia Says World Is Nearing Currency War as Europe Joins – Bloomberg World Bank Cuts Growth Forecasts as Developed Nations Lose Steam – Bloomberg World Bank cautions on economic stimulus – Financial Times North America: Canadian

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Links 16 January 2013

Here’s a list of things Reynard read overnight. Global Macro: Albert and those ‘cheapest for a generation’ equities – FT Alphaville Forget Previous Bubbles, This Is The Big Lebowski – Zero Hedge Check out this great chart of a contrarian indicator – “Fund Manager Bullishness Is Surging To Historic Levels” – Business Insider Commodity volatility,

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Links 15 January 2013

Here’s a list of things Reynard read overnight. Global Macro: The End of Labor: How to Protect Workers From the Rise of Robots – The Atlantic The ticking time bomb in bond funds – Fortune North America: The small job creators versus the big non-creators – FT Alphaville Shale may change America, but not the

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Links 14 January 2013

Here’s a list of things Reynard read over the weekend. Global Macro: 10 trends to watch in finance for 2013 – Washington Post Shadow banking: Economics and policy priorities – VOX Fed official warns about slipping into currency wars – Reuters Hello 2013: a demographic dividend is not a one-way bet – FT beyondbrics North

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Weekend links 12-13 January 2013

Here’s a list of things Reynard has read so far this weekend. Global Macro: US, China signal global recovery – AFR Fed official warns about slipping into currency wars – Reuters Growth slowdowns redux: Avoiding the middle-income trap – VOX Precious metals in 2013 – The Short Side of Long Unemployment: it’s not all back

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Links 11 January 2013

Here’s a list of things Reynard read overnight. Global Macro: Simon Johnson: Betrayed by Basel – New York Times The Myth of ‘Jobless Recoveries’ – Econbrowser The Economist’s interactive chart comparing nominal and real house prices across 20 markets over time – The Economist North America: Tim Geithner is one of the most important Treasury

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Links 10 January 2012

Here’s a list of things Reynard read overnight. Global Macro: Understanding risk aversion in financial markets – Econbrowser Be Wary of Top-Down Investing – Crossing Wall Street Asset Class Returns, 2003-2012 – The Big Picture Banks to miss out on Basel softening – Financial Times Five Brutal Years Teach Investors to Sit Tight – Bloomberg

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Links 9 January 2013

Here’s a list of things Reynard read overnight. Global Macro: On the transient necessity of central bank independence – FT Alphaville A guide to the liquidity coverage ratio, for whingers – FT Alphaville Top 10 Reasons to be Bullish in 2013 – The Big Picture The Trends to Watch in 2013 – Charles Hugh Smith

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Links 8th January

Here’s a list of things Reynard read overnight. Global: Property investors keen on U.S, Turkey; China stumbles: survey Reuters Iron-ore nears 15-month high, tops $150/t on China demand outlook Mining Weekly A dire showing from a dismal bunch WSJ Household debt to disposable income (1995-2011) Economics in pictures North America: Earning season kicks off tonight!

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Links 4th January

Here’s a list of things Reynard read overnight. Global: Loan data piles pressure on ECB Irish Times , and the data ECB North America: The ‘Uncertainty’ con WSJ Fiscal Deal: A few things to like Calculated Risk QE3 and beyond Econobrowser Asia: Abe hoopla aside, key economic challenges loom Japan Times What’s moving Japanese markets? The

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Links 3rd January

They were supposed to be on a break until the 7th, but it looks like a couple of the MB crew couldn’t resist the news-flow any longer. So it’s back to normal programming.. Well at 50% capacity anyway. Global: IMF: Optimal oil production and the world supply of oil The Big Picture Survival of the

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Predict 2013

So 2012 comes to an end and from midnight tonight 2013 greets us. The BIG question now is “what will happen in 2013?” If you’re brave enough it’s time to brush the cobwebs off the crystal ball and give fellow MacroBusiness readers your predictions for the coming year. Reynard will leave this post open for

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Merry Christmas and a happy new year

Well that is it folks. Another year over and what a year it’s been. Macro Business continues to grow in both traffic and influence and we intend to attempt the same again in 2013. The blog is going on holiday until the 7th of January but feel free to look back through the archives while

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Christmas season at MB

As it’s the Christmas season many of the Macro Associates team will be taking a well-earned break over the next 4 weeks. In light of this the MacroBusiness Blog will also be slowing down through the Christmas season. The schedule for the next 4 weeks is as follows: From today through to this Saturday the

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Links December 11

Global Macro Do forecasters see a turning point for global GDP? Gavyn Davies Despite bond bubble warnings, fixed income hedge funds poised to overtake equities. Financial Times Risk-weighted capital to be a thing of the past? The Economist Wall Street’s five worst trades of 2012. Quartz Saving economics from the economists. Harvard Business Review Bloomberg

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QE4 on the cards?

Cross posted from The Short Side Of Long blog by Tiho Brkan, discussing price movements of different asset classes, from stocks to bonds, currencies to commodities and everything else in between, including a bit of alternative assets at times as well.  My last post covered the QE4 rumours in circulation, so today I thought I’d gauge the sentiment