Links 13 January 2014

sourced from macrobusiness.com.au

 Global Macro / Markets:
  • 10 Reasons the Gold Bugs Lost Their Shirts – Bloomberg
  • 10 Reasons Barry Ritholtz Is Wrong About Gold – Reuters
  • What Alan Greenspan Has Learned Since 2008 – HBR
  • Bravo for Bernanke and the QE Era – Wall Street Journal
  • Baltic Dry Index Collapses 35% – Worst Start To Year In 30 Years – Zero Hedge
  • See? Even Warren Buffett’s Favorite Stock Market Measure Says Stocks Are Wildly Overvalued… – Business Insider
  • A Group Of Miners Has Exposed One Of Bitcoin’s Fatal Flaws – Business Insider
The Americas:

Europe:
  • Mario Draghi: strap on your Pickelhaube and buy fistfuls of German Bunds – The Telegraph
  • Draghi’s ‘Whatever It Takes’ Still Works as Euro Revives – Bloomberg
  • For ECB Does Whatever It Takes = Whatever It Wants? – Wall Street Journal
Asia:
  • China overtakes US as world’s largest goods trader – Financial Times
  • China mulls national pollution permit trading system – Reuters
  • China’s export growth weakens, casting doubt on recovery in West – Wall Street Journal
  • Is Soros betting against China? – The Age
Local:
  • How to get your children their first home – The AFR
  • Weak wages growth blows hole in Budget – The AFR
  • Business calls for negative gearing review – The AFR
  • Household wealth hits new record – The AFR
  • What will Hockey’s Financial System Inquiry give us? – The AFR
  • State of the Nation up for grabs – The Australian
  • Dropping the ball in gas balancing act – The Australian
  • Pass the super – it will help Australia – The Age
  • Privatisation benefits are not assured - The Guardian
Other:
  • What’s That You’re Calling a Bubble? – HBR
  • The Intelligent Investor: When Does a Bubble Spell Trouble? – Wall Street Journal
  • Good News and Bad News About Global Inequality – New Yorker
  • GDP and life satisfaction: New evidence – VOX
  • Why fiscal sustainability matters – VOX
  • Modern Macroeconomics Fails the Market Test – Slate

Comments

Post a Comment

Popular posts from this blog

Oligopoly in the Australian Banking Sector

Image
Oligopoly in the Australian Banking Sector By Adiktd Introduction The Australian banking sector is dominated by four institutions who together account for over 85% of the domestic home loan value. These firms; National Australia Bank (NAB), Commonwealth Bank (CBA), Westpac (WBC) and Australia and New Zealand Banking Group (ANZ), have a collective market cap of over 400 billion dollars  (Tradingroom 2013) , five times the total assets of the remaining banks, mutual funds and various other financial institutions combined  (KPMG 2011) . Although the market is said to be highly competitive (Wikipedia 2013) the high concentration of market power by a small number of firms can be likened to a form of oligopolistic behaviour. As the market leaders are able to manipulate the market, forcing smaller firms and consumers to comply. The four pillars policy adopted in 1990 can be attributed to this as it restricted any merger or acquisition of the “Big Four Banks” by each other or ...
Read more

1984

Title: Nineteen eighty-four Author: George Orwell (pseudonym of Eric Blair) (1903-1950) PART ONE Chapter 1 It was a bright cold day in April, and the clocks were striking thirteen. Winston Smith, his chin nuzzled into his breast in an effort to escape the vile wind, slipped quickly through the glass doors of Victory Mansions, though not quickly enough to prevent a swirl of gritty dust from entering along with him. The hallway smelt of boiled cabbage and old rag mats. At one end of it a coloured poster, too large for indoor display, had been tacked to the wall. It depicted simply an enormous face, more than a metre wide: the face of a man of about forty-five, with a heavy black moustache and ruggedly handsome features. Winston made for the stairs. It was no use trying the lift. Even at the best of times it was seldom working, and at present the electric current was cut off during daylight hours. It was part of the economy drive in preparation fo...
Read more