Tuesday 19th June

G20: now the G stands for growth
The Greek election result means the G20 leaders gathered in Mexico can stop bracing themselves for financial Armageddon in Europe - at least for a while.
{http://www.bbc.co.uk/news/business-18499221}

What comes first: European banking, political, or fiscal union?
{http://ftalphaville.ft.com/blog/2012/06/18/1048541/what-comes-first-european-banking-political-or-fiscal-union/}

ROUBINI: THE GLOBAL PERFECT STORM
Dr. Doom is back for more in the global debt crisis that never ends.  And now he’s saying that the tide will sink all boats.  Roubini disagrees with my notion that the US economy is decoupling from Europe and sees the recession in Europe developing into something much more than a Eurocentric phenomenon.  He sees problems just about everywhere: {http://pragcap.com/roubini-the-global-perfect-storm?utm_source=twitterfeed&utm_medium=twitter}

On Egyptian Elections And Israeli Escalations
{http://www.zerohedge.com/news/egyptian-elections-and-israeli-escalations}

Taleb's Black Swan, is Spitznagel an Apostate?
'people don't appreciate the magnitude or frequency of infrequent events, these low-probability but large impact events offer good returns.'
http://falkenblog.blogspot.co.uk/2012/06/is-spitznagel-apostate.html

Greece, China and the middle-income trap
Everyone is in awe of China's economy. Its prodigious exports, heroic rates of investment and colossal foreign reserves are both deeply impressive and a little intimidating. China's economic policymakers are a competent, confident bunch. Even they, however, worry about the fabled "middle-income trap", the tendency for fast-developing countries to slow dramatically when their per capita GDP reaches middle-income levels. {http://www.economist.com/blogs/freeexchange/2012/06/greece-china-and-middle-income-trap?fsrc=gn_ep}

Who are the most dangerous people in financial media?
{http://www.huffingtonpost.com/joshua-m-brown/best-financial-journalists_b_1605584.html#s=1092734}

What is globalization?
{http://www.mpettis.com/2012/06/11/what-is-globalization/}