China
- Ministry Said to Propose Local Gov’ts Issuing Bonds to Cover Debts – Caixin
- Three major nations absent as China launches World Bank rival in Asia – Reuters
- Why China No Longer Wants Cheap Coal – Peterson Institute
- How China plans to rewrite the rules of solar energy – China Economic Review
- CHINA’S BANKING: HOW REFORMS LOST MOMENTUM (Pdf) – HKIMR
- THE LOCAL GOVERNMENT CRISIS 2007-2014: WHEN CHINA’S FINANCIAL MANAGEMENT FALTERED (Pdf) – HKIMR
- China’s capital defences have sprung a major leak – Reuters
- China’s slowdown is secular, not cyclical – Gavyn Davies, FT.com
- Concerns remain over Chinese rival to Asian Development Bank – FT.com
- China property decline continues – FT.com
- China seen staying away from interest rate cuts, stay on reform wagon – SCMP
- J.P. Morgan Discussed Pitfalls to ‘Princeling’ China Hiring in 2006 – WSJ
- Pace of home price falls ease in China as market shows signs of stabilising – SCMP
- China Launches AIIB to Rival World Bank Without US Allies After Pressure from Washington – IB Times
- The Canary in China’s Central Bank – Foreign Policy
Asia
- Will Japan Bet the Farm on Agricultural Protectionism? – Peterson Institute
- Japan Minister Aide’s Bondage Bar Spree Adds to Abe Scandals – Bloomberg …you have to admire the chutzpah of the man…
- A Future with a Low-Carbon Asia – Economy Watch
- Quiet critic of Kuroda’s ‘monetary shamanism’ turns up the volume – Japan Today
United Kingdom
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- Angry Cameron attacks €2.1bn EU surcharge – FT.com
- David Cameron demands emergency talks over EU budget – Telegraph
- UK Government relaxes tough Chinese visa rules – Telegraph
- Britain’s dismal drift towards Brexit – New Statesman
- UK economic growth slows to 0.7% – Guardian…maybe the only thing the Poms really grew was house prices…
- Britain will have to pay extra €2.1bn into EU budget by December – Guardian
- Rapid UK economic growth slows slightly in third quarter – Reuters
- Britain slams EU budget demand – Reuters
- The deficit will kill the property bubble – FT.com
Europe
- ECB Set to Fail 25 Banks in Review, Draft Document Shows – Bloomberg
- Europe’s Brush with Debt – Project-Syndicate
- Europe’s Fiscal Wormhole – Project-Syndicate
- Why Madrid’s poor fear Goldman Sachs and Blackstone – Reuters……there is more in the pipeline on this issue……
- 73 Swiss banks ask U.S. to revise proposed tax amnesty deals – Reuters
- Here’s How the European Bank Stress Tests Work – WSJ
- Public Outrage Mounts Against Hungary’s Plan to Tax Internet Use – WSJ
- Ukraine, Russia and the West – Grennes&Strazds, Economonitor…good read…
- FINANCIAL FRAGILITY OF EURO AREA HOUSEHOLDS (Pdf) – ECB ….give them money is the meme…
- Europe’s economic and political future will be determined in the next few days – Kaletsky, Reuters
- Spat over LNG terminal symptomatic of Baltic struggle to counter Russian influence – BNE
- Renzi stirs up EU row ahead of eurozone meeting – EU Observer
- Europe’s fiscal wormhole – Bruegel
- EU’s Juncker Pledges Investment Plan For Jobs – IB Times
- The Conflict Between Germany and the E.C.B. That Threatens Europe – NY Times
- Cold War Banker to Putin Billionaires Walks Sanction Wire – Bloomberg…good read….
United States
- A Mismatch: Close to Macroeconomic Goals, Far from Monetary Policy – Bullard, St Louis Fed
- The world’s best market timers: the Federal Reserve – MarketWatch
- Specter of no-inflation world looms over Fed’s return to normal – Reuters
- Fed lays out scenarios for 2015 bank stress tests – Reuters
- Mortgage rates sink; 30-year averages 3.92%, Freddie Mac says – LA Times
- OCC on Leveraged-Lending Push: Banks Have ‘Room for Improvement’ – WSJ
- What Yellen didn’t say – RWER
- Years After the Market Collapse, Sidelined Borrowers Return – NY Times
- Americans give up enormous amounts of vacation time – CBS
- It Shouldn’t Hurt This Much to Get a Mortgage – Barry Ritholtz, Bloomberg
Americas
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- Canadians may be ‘buying too much car’: Moody’s sounds alarm on bank auto loans – Financial Post
- Bank of Canada bids farewell to forward guidance, leaving the market to work things out on its own – Financial Post
- Argentina’s energy sweeteners won’t mask bitter taste of state controls – Reuters
- U.S. court hearing over Citi processing of Argentine bond payment delayed – Reuters
- In Brazil’s Election, a Stark Vote on the Nation’s Economy – NY Times
Terra Incognita
- Operation budget 2014 moves into nip and tuck stage – Guardian
- Australia’s trade negotiating strategy fundamentally flawed – The Conversation
- How economics lost its identity in Australia, and how to get it back – The Conversation
- Inside China’s ‘Fox Hunt’ anti-corruption crackdown – AFR
- How Chinese fortunes are hidden in Australia – AFR
- Chinese bribes stashed in Sydney houses – AFR
- Malcolm Turnbull’s star rises as Tony Abbott revels in ministers’ jockeying – Fairfax
- The risks of falling house prices – The Kouk, Adelaide Review
- Call on CommBank Royal Commission disappointing and shallow – Fairfax
- If I had $1 Million Dollars… – The Idiot Tax
- Robust housing starts offer hope for Australian recovery – Nikkei Asian review
- Australians confess to stashing $1b in assets offshore – Fairfax
- NZ trade deficit widens as lower log and dairy prices weigh on exports – NZ Herald
Capital markets
- EUROPEAN BANKS AND THE GLOBAL BANKING GLUT – Piera
- The Ultimate Carry Trade: U.S. Banks Buying Treasuries – Chandler, Financial Sense
- China Presses on with Renminbi Internationalization – Economy Watch
- Macroprudential Regulation – What, Why and How? (Pdf) – Norges bank ….good, but heavy, read…
- Investors Are Eager for African Sovereign Debt, Despite Plenty of Risks – NY Times
- “Mensch tracht, und Gott lacht” – what’s the best guidance on monetary policy? – Vox
- Official Financial Flows, Capital Mobility, and Global Imbalances (Pdf) – Peterson Institute…very thorough, interesting…
- If banks are worried about not being regulated tightly enough, something’s wrong – Telegraph
- IMF Introduces 0.05% Interest Rate Floor For SDR Loans and Reserves – IB Times
Commodities
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- China’s grip on rare earths supply loosens as more overseas mines start – SCMP
- Glasenberg’s Iron Barbs Losing Sting Amid Coal Expansion – Bloomberg
- Wheat Crop Seen Falling Short in Australia on Frost, Hail Damage – Bloomberg
- Iron ore giants win first round in global battle but knockout unlikely – Reuters
- Iron Ore Glut Spurs Drop in China Output, Goldman Says – Bloomberg
- Commodities: A partial pump primer – FT.com …very good read…
- Natural Gas: The New Gold – IMF Direct
- The LNG boom will push gas prices up – is the economic boost worth the cost? – Greg Jericho, Guardian
- Workers at Antamina, Peru’s top copper mine, to strike – union – Reuters
- Vietnam buyers renege on corn, soymeal deals as prices sink: traders – Reuters
Global Macro
- THE GREAT MORTGAGING: HOUSING FINANCE, CRISES, AND BUSINESS CYCLES (Pdf) – HKIMR….very good read….
- SAFE ASSETS, SECULAR STAGNATION, AND FINANCIAL REPRESSION – Piera
- A New Macroeconomic Strategy – Project-Syndicate
- Sovereign-debt relief and its aftermath: The 1930s, the 1990s, the future? – Vox
- The TPP’s Missing Ingredient – Project-Syndicate
- Islamic State making millions despite U.S. bid to halt money flow – LA Times
- Tackling the world’s affordable housing challenge … McKinsey ….interesting…
- Wall Street Is One Sick Puppy—–Thanks To Even Sicker Central Banks – David Stockman
- The new challenge to market democracies – Brookings Institute
- World’s city dwellers paying out $650bn more than they can afford – FT.com
- The jingle that sounds the road to economic recovery – Gillian Tett, FT.com
- We are now a giant step closer to debunking the myth of ‘too big to fail’ – Telegraph
- Why Weren’t Alarm Bells Ringing? (Krugman review ofMartin Wolfe’s new book) – New York Review of Books …well worth a read…
And furthermore
- Inheritance and Inequality – Project-Syndicate
- Income Inequality Doesn’t Harm Upward Mobility, Scholars Argue – IB Times …probably even does good…..
- HOW TO SHAPE ECONOMIC POLICY WHEN WE MOVE BEYOND GDP – Piera
- Five Reasons Not to Fear Deflation: Which Ones Make Sense? – Ed Dolan, Economonitor
- Why Should Europe (or Anyone Else) Fear Deflation? – Ed Dolan, Economonitor
- Russia and West Grapple With Alternate Realities – WSJ
- The world’s biggest economic problem – Economist
- Big Four Economic Indicators Show Possible Rollover – Financial Sense
- The Moral Economy of Debt – Project-Syndicate
- The Decline of Newspapers, in Four Charts – Brookings Institute
- The Big Bank Backlash Begins – ProPublica
- Ukraine’s Vote, Russia’s Fate – Project-Syndicate
- The End of Pregnancy: And the inevitable rise of the artificial womb. – Slate
- Ukraine’s SlowDescent Into Madness – Slate….very good read. Ukraine is a failed state….
- New businesses worm their way into the market – Vancouver Sun
- Self-driving cars will not help the drinking driver – The Conversation….then what is the point of them?…..
- Organised Hypocrisy on a Monumental Scale: Economic Occupation of the West Bank – London Review of Books
- Putin Accuses U.S. of Blackmail, Weakening Global Order – Bloomberg
- Leave Putin His Scraps – World Affairs
- Bitcoin Payments Accepted for Surgery at Major Polish Hospital in Warsaw – IB Times
Video ……..
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- China’s economic foundation shaken by drop in home prices (Video) – Reuters
- Home prices up, again, but with a catch – (Video) – Reuters
- Bridging the Pacific: Toward Free Trade and Investment between China and the United States (Video) – Peterson Institute
- European electric utilities still struggling with renewable revolution (Video) – Platts
- The Financialization of Life (video) – The Real News ..one of a series, worth a look…
- George Soros Talks Euro Problems In New CNBC Interview (Video) – ValueWalk
- Broadcast of the Valdai Club’s 11th Annual Meeting. Closing Session – (circa 3 hours) YouTube, Valdai discussion club. Will not be to everyone’s taste, but Putin speaks (translated) at length, in considerable detail, on a range of subjects. How many other global leaders would/could put such a narrative in that sort of format?…..
- The Lost Sheep – Adrian Muncie
Le dénouement
- Vampire Porn – Slate ….was belief in efficient markets just another vinegar stroke? …