Thursday 19th

China’s transmission mechanisms in a knot
One of the enduring arguments about China is that the government has ample firepower to sort out the country’s economic challenges. All that fiscal surplus, all those USD reserves. Firepower to burn.
{http://ftalphaville.ft.com/blog/2012/07/18/1087211/chinas-transmission-mechanisms-in-a-knot/}

China’s Wen Warns Of Severe Job Outlook As Growth Yet To Rebound
{http://www.bloomberg.com/news/2012-07-17/china-s-wen-warns-of-severe-job-outlook-as-growth-yet-to-rebound.html}

Is HSBC the biggest rogue bank in the world?
{http://www.thereformedbroker.com/2012/07/17/what-the-hell-is-going-on-at-hsbc/}