EDITORS' PICKS

In this week's essential reading guide Kohler diagnoses a painful deleveraging process for 2012, Bartholomeusz explains why PEP's tilt at Spotless has reached an impasse and Steve Keen sees nowhere for Aussie house prices to go but down.


Stumped for global growth
Alan Kohler
As the process of deleveraging continues apace in 2012, global growth will be painfully slow. But can QE come to the rescue?

Carr's chance to rev the EV engine
Alan Kohler
The government says car handouts need to be spent on 'innovative and competitive' products, so how about tying funding to EV production?

A firmer floor for US housing
Robert Gottliebsen
It seems the sector which sparked the GFC is nearing equilibrium, with small falls expected to precede a solid bottom by mid-year.

Australia's takeover target catalogue
Robert Gottliebsen
Picking future takeovers isn't a defined science, but with careful assessment it's not hard to figure out who could be in the firing line this year.

Guns drawn in a Spotless stand-off
Stephen Bartholomeusz
PEP's attempted takeover of Spotless has reached an impasse, and even though the services group and its suitor each have options to resolve it, unless one side budges this stalemate could last a while.

A calculated risk for banking
Stephen Bartholomeusz
As international regulators push ahead with Basel III reforms, the eurozone must face up to the fact that risk-free sovereign debt is a myth, and real high-quality capital may be thin on the ground.

Caught in a Chinese pricing pincer
Karen Maley
Beijing and Shenzhen's decision to boost wages will intensify pressure on China's exports industry, part of which is already uncompetitive due to the higher yuan.

House prices hit a debt ceiling
Steve Keen
With no capacity left for debt to take a larger slice of the family income pie, it's inevitable Australia's housing market will continue to wane.

Why bank returns should be lower
Christopher Joye
Despite their public posturing, the 'big four' have plenty of room to absorb higher funding costs. And they should be prepared to cut shareholder returns.

Ten surprises for 2012
Byron Wien
Forecasting may be a fool's errand, but could there be positive news afoot for the US economy and Australian dollar? Here are 10 predictions for the year ahead.

Why Merkozy is destined to fail
Oliver Marc Hartwich
Investors are hoping Angela Merkel and Nicolas Sarkozy can resolve the eurozone debt crisis, but there's little chance their relationship will even last beyond May.

The flaws in German trade logic
Michael Pettis
Germany's reluctance to address trade imbalances in Europe is absurd, and there's no prospect of resolving the region's debt crisis until it faces up to that fact.

TECHNOLOGY SPECTATOR: Outrageous tech predictions for 2012
Charis Palmer
There's no shortage of analysts willing to predict our tech future, but here's a few gutsy predictions worth watching in the year ahead.

MANAGEMENT INSIGHTS: Forget leadership, find a strategy
Christopher J Tipler
In order to effectively deliver to customers, businesses must first acknowledge that clear strategy is more important than some other management concepts.