Skip to main content

A roundup of what the Globe and Mail's market strategist Scott Barlow is reading this morning on the world wide web.

Mixed signals on China are evident this morning after the International Monetary Fund expressed optimism, or at least less pessimism than we've become accustomed to, on the future of the Chinese economy. At the same time, a Reuters report (Reuters' coverage of China has been the clear leader in my opinion) details the severe downturn in Chinese property values and outlines the effects of the trend on the financial system.

"Three reasons not to worry about a financial crisis in China" – Wall Street Journal

"In wealthy Chinese city, debt guarantees spark default contagion" – Reuters

Bank of America admitted to a horrendous accounting gaffe yesterday and Matt Levine, always entertaining, provides his take.

"Obviously I wrote about Bank of America's capital oopsie" – Matt Levine, Bloomberg View

Credit strategist and portfolio manager Vince Foster wrote the scariest phrase on markets I've read in quite some time: "Equity investors don't own growth; they own multiple expansion, which has occurred on the back of the Fed's reflation."

"The Fed's QE Reflation Trade Is Unwinding One Asset at a Time" – Vince Foster, Minyanville

And in media, some excellent outsider criticism of the Matt Yglesias-led fledgling news site Vox from economist Tyler Cowen.

"Three Weeks of Vox.com" – Tyler Cowen, Marginal Revolution

Further readng:

"Commodities favoured in a rotation from stocks and bonds" – Financial Times

"When ETFs make the market more volatile" – FT Alphaville

Follow Scott Barlow on Twitter at @SBarlow_ROB.

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe