Weekend Reading – Stuff we found interesting this week

Welcome to our weekly roundup of the stuff we read that was interesting to us and hopefully to you.

For all Australians with an interest in the economy, finance and markets you can’t go past RBA Governor Glenn Stevens’ speech this week. The Governor was as feisty and aggressive as I’ve heard him but the data and global backdrop is not co-operating for a rate hike.

Ex-Fed Chairman Greenspan has given his two bobs worth on Greece. A default is inevitable. We know – note to Euro Pollies – either fix it or break it. The world needs to move on.

This piece explains the technicalities of why the European pollies are being pedantic in trying not to have a “real” default. But it’s not their choice what default really is its up to the market and the cost of error is huge.

I used to read Caroline Baum on Telerate back in the early/mid 1990’s, now she is one of Bloomberg’s best columnists and I still read her now. Anyone interested on what she thinks of US treasuries should read this. I don’t agree, but hey that’s a market.

The difference between gambling and investing is not so great for some. This story from the WSJ looks at it a little closer.

Why we think and  reason the way we do. If you only read one of these links read this one please.

Stephen Roach has always been one of my must read – interesting article here about zombie economies.

Things are getting tough when Ireland has to sell the farm and the horses, literally. Bloomy story here

Us military running out of puff – watch out when they pull back from periphery and cannot defend outer alliance. Interesting to report that Bloomy TV today had presenters questioning the US’s military power. 

 And of course the FT’s week in review

Have a great weekend

Greg McKenna

greg@lighthousesecurities.com.au

www.twitter.com/gregorymckenna

This blog is for information only and does not constitute advice. Neither Greg McKenna nor Lighthouse Securities has taken your personal circumstances, objectives or financial situation into account. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.

If you do need economic, investment or financial adviser we are happy to help and if you are an adviser and would like to join our network we are also happy to help.

Please Email the team at Lighthouse at info@lighthousesecurities.com.au or Greg directly on greg@lighthousesecurities.com.au

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