Brave New World

Daily Read 19/01/2010

Stocks fall on earnings concern as gilts decline, pound rises (Bloomberg)

Bank fee has merits but lacks financial clout (FT)

Why America and China will clash (FT)

BoE nerves to be tested as inflation jumps record amount (Daily Telegraph)

Weekend Read 17/01/2010

How Jim O’Neill’s BRICs changed the world (Gillian Tett- FT)

Obama enters Kennedy fight (FT)

The Chinese state’s brutal side (Economist)

Obama: time to get tough (Economist)

Bears in a China shop (Economist)

Digging out of debt (Economist)

Daily Read 15/01/2010

Deleveraging out of the debt mire will be an unsavoury task (FT)

Wall Street may reduce compensation costs to avoid public outcry (Bloomberg)

Pound gains as central bank prepares for bond buying assessment (Bloomberg)

Waiting for better times is not substitute for action (Mohamed El-Erian, Pimco)

China’s economy: not just another fake (Economist)

Ailes’ new political-media party: The FNC-RNC hostile takeover (Daily Dish)

Unholy alliance at war with Obama’s foreign policy (FT)

Daily Read 12/01/2010

Stocks drop, bonds rally as economic recovery seen sputtering (Bloomberg)

Greece condemned for falsifying data (FT)

Trade deficit in US increased more than forecast (Bloomberg)

Government Debt (FT- Lex)

The Lex story, published at the end of last week, deals with the threshold beyond which government debt becomes a problem for inflation and economic growth rate. According to Rogoff and Reinhart, there is little link between public debt and higher inflation in the developed world. The same applies to economic growth so long as debt stays below 90%. The bad news is that the UK and US are fast approaching that level.

Daily Read 11/01/2010

China ends U.S. reign as largest auto market (Bloomberg)

U.K. financial company pessimism increases, CBI says (Bloomberg)

Dubai’s first foreclosure may open floodgates in worst market (Bloomberg)

Simon Johnson: The worst is yet to come (Naked Capitalism)

Strong Chinese exports boosts equities (FT)

Daily Read 04/01/2010

UK deficit warning from city economists (FT)

China and India lead Asian recovery (FT)

Cyclical outlook for 2010 (Pimco)

U.S. Credit Perspectives: Picking the Winners (Pimco)

All eyes on U.S. payrolls (Econometer)

Xmas reading 28/12/2009

How the noughties proved to be a hinge of history (Martin Wolf, FT)

The decade the world tilted east (Niall Ferguson, FT)

The Big Zero (Paul Krugman, New York Times)

The massive failure of the (US) Mainstream Media coverage of the Iran riots (Daily Dish)

Why is the modern view of progress so impoverished? (Economist)

but mostly, the excellent Nixonland by Rick Perlstein

Daily Read 02/12/2009

European banks growing bigger “sowing the seeds” of the next crisis (Bloomberg)

Yen declines after Hatoyama says currency can’t be left as it is (Bloomberg)

Gold soars past $1200 to new record high (FT)

UK economy turned, inflation to spike- BoE chief economist (CNBC)

Why Copenhagen must be the end of the beginning (Martin Wolf, FT)

After Dubai, trying to predict the next crisis (New York Times)

Daily News 01/12/2009

Global investors return to risky assets (FT)

Australia raises benchmark interest rate to 3.75% (Bloomberg)

Climate sceptic clinches Australian opposition leadership (FT)

India’s 7.9% growth may force central bank to withdraw more stimulus measures by year end (Bloomberg)

A financial mirage in the desert (Andrew Ross Sorkin, New York Times)