Weekend Reading – Stuff we found interesting this week

August 13th 2011.

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

I really like Paul Krugman, his thoughts and the way he writes. I don’t always agree but I always think. Here is  a piece he wrote in the NYT about how the crisis in the US has been hijacked. Crucially what it means is that the crisis in the US is not being dealt with – the low growth future is upon us.

Somewhat related the Economist argues that its time for Western Politicians to get some backbone and get busy trying to sort the problems in the global economy. Here is the link.

The Economist isn’t the world’s best newspaper for nothing – here is an interesting piece on the Apple/Samsung relationship in the context of them suing each other.

Saul Eslake was previously Chief Economist at the ANZ but has now moved over to the Grattan Institute. Here is a link to a presentation of his on global megatrends that was posted by my colleagues over at MacroBusiness. Please take the time, it’s very important.

Australia’s best Labour Market Economist is Bill Mitchell from Newcastle University. This week in the wake of the Employment report he wrote an excellent blog that is worth the time if you want to know what is really going on at the moment. The under-employment and the disaffection of teenagers is amazing. Here is the link.

This is a brilliant piece on the future of banking – I agree 100%. It’s “Back to the Future” without the De Lorean.

Interesting piece here from a blog called “Market Anthropology” on the current sell off. Fits with what I wrote yesterday about a possible bottom and bounce.

I sit in front of a wall of Bloomberg screens (and/or their equivalent) and have done for more than 20 years so i think I have a fair shake on how to handle the gyrations of the markets. But we all get carried away sometimes with the headlines and get caught up in the moment when we should take a step back. Here is a blog from Ky Chow at Sky Business reminding us to take that step back.

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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