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.

Andrew Haldane of the Bank of England is at the forefront of the discussion of the impact of high frequency trading and the costs and implications of this. I’ve written about his pieces in the past but here is a link to yesterday’s speech in Beijing

There appears to be something going on at the moment between the global ratings agencies Fitch, Moodys and Standard and Poors and the way they are handling the creeping down grading of European Governments and banks. The EU is grumpy and it seems trying to muzzle them. Ambrose Evans pritchard looks at the situation here.

If you’ve wondered why the Eurozone is a failure without fiscal transfers then you must also read the above.

I believe that economies are complex adaptive systems and am a student of the new school of “complexity economics” this is worth the time for everyone who doesn’t believe in the types of economic models  that got us into the GFC. Here is 17 minutes and 11 seconds of a must view video via naked capitalism On Dangerous Disconnect between Economics and Ecology. I’ve also done a post on the Economy and the Environment this morning as well.

Here is a piece on water in China from Bloomberg which is related to the above. definitely worth a read.

The rules of constant disclosure for Australian companies mean that you can say things in public that are misleading so when the Onesteel Chairman says the Whyalla Steelworks may be threatened by the Carbon Tax they must be. Here is a story in the Australian. 

Martin Wolf on the moment of truth for the Eurozone. Here

Just another reminder of what’s going on in the domestic economy – Australians are much more frugal now. Here.

And of course the FT’s week in review

Have a great weekend

Greg McKenna

greg@lighthousesecurities.com.au

www.twitter.com/gregorymckenna

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