| Greece | 2 Year | 5 Year | 10 Year |
| Portugal | 2 Year | 5 Year | 10 Year |
| Ireland | 2 Year | 5 Year | 10 Year |
| Spain | 2 Year | 5 Year | 10 Year |
| Italy | 2 Year | 5 Year | 10 Year |
| Belgium | 2 Year | 5 Year | 10 Year |
| France | 2 Year | 5 Year | 10 Year |
| Germany | 2 Year | 5 Year | 10 Year |
Bernanke. NYT, WSJ, FT, Gavyn Davies, Tim Duy
Greece to default. Guardian
ECB QE Europe’s only option. Alphaville Here comes the QE-off…
Bill Gross capitulatees, buys Treasuries. Alpahville
America’s megafactories. NYT
China property booms on. Bloomberg
China’s daily June steel output hits record. Reuters
China hard landing a growing risk. FT
David Jones warns. SMH Apparently this is a terrible shock!
Economists support carbon tax. The Oz Hmmm, does this make it bad?
“Ben, all is forgiven (about QE2), thanks for the tip on when to front-run QE3″ – Billy the Gross
“Economists support carbon tax. The Oz Hmmm, does this make it bad?”
I’d like to hear more from Adam Smith about the dodgy modelling. If the economists the Oz is referring to are the same ones that couldn’t see an economic slowdown only a few weeks ago then it would be no surprise that they missed the modelling holes that Adam referred to.
http://macrobusiness.com.au/2011/07/something-for-everyone/#comment-48653
+1. Still hoping Adam Smith comes back with more.
…and, Yes!
Treasury has effectively gone into lock down with regard to further detail on the scheme. All there is at the moment is the Glossy PR document that is the Modelling a Carbon Price report.
Once I can get some evidence I will comment on it (I’m not willing to make claims that I can’t prove). And for the record, this scheme doesn’t actually seem too bad as far as things go but I am appalled at the level of transparency, particularly by Treasury, given that this is the largest reform undertaken since the GST.
For now, here’s Treasury’s response to requests for information they said would be made public immediately after the lock-in on Carbon Sunday:
Additional reports commissioned from external consultants for the Strong growth, low pollution: modelling a carbon price report are currently being finalised. These reports will be made publicly available shortly on the Treasury website.
These reports will include:
• Detailed reports on the electricity generation sector from SKM MMA (part of the Sinclair Knight Merz Group) and ROAM Consulting;
• A detailed report on the road transport sector from the Commonwealth Scientific and Industrial Research Organisation (CSIRO); and
• Detailed reports on the Carbon Farming Initiative from the Australian Bureau of Agricultural and Resource Economics and Science (ABARES) and the Department of Climate Change and Energy Efficiency (DCCEE).
Spreadsheets of charts for the Strong growth, low pollution: modelling a carbon price report are also currently being finalised. The chart and spreadsheets will be made publicly available shortly on the Treasury website.
Translation – “you’ll be lucky to see this before legislation has passed even if the media cycle moves on.”
How come now one is commenting on that clanger you pointed to re: wholesale component of retail prices?
Are journos and opponents of the tax just too lazy?
I agree – hopefully MB is on to it…
via pragcap, the first auction since QE2 ended had a coverage of 3.2.
http://pragcap.com/who-bought-all-those-bonds
lol@more “QE-off”
…an acceleration of the race to the bottom for paper currencies, perhaps?
[...] – Further, further reading. [...]