Links 28 February 2013

Here’s a list of things Reynard read overnight.

Global Macro/Markets:

  • The false-alarmists behind this shrinking population panic – The Guardian

North America:

  • Millennials (Gen Y) Reducing Debt Thanks to Less Home Ownership – Time Magazine
  • Another voice turns cautious on Canadian banks – Globe & Mail
  • Canada’s looming condo crash – Bloomberg
  • Downsizing boomers shunning condos – The Star
  • Canadian real estate investors fret as housing blitz winds down – Financial Post
  • Leading indicators disagree about strength of Canadian economy – Financial Post
  • The Mood Among Canadian Businesses is Very Grim – Wall Street Journal
  • Sequestering a weaker US economy – CNN
  • What Bernanke Didn’t Say About Housing – Bloomberg

Europe:

Asia:

Local:

  • Australia groans under a 4 bank oligarchy – Herald Sun
  • As Goes China, So Goes The World And Definitely Australia – Zero Hedge
  • Family tax benefit under the budget microscope – The Australian
  • Relax 457 visas: business – The Australian
  • Engineering exit as boom peaks – The AFR

Other:

  • Capitalism isn’t working – PBS
  • 72 is the new 30. The vast improvement in life expectancy – Financial Times
  • On negative interest rates and hoarding – FT Alphaville

17 Responses to “ “Links 28 February 2013”

  1. Mav says:

    Bernanke caught out with his doublespeak on Fed’s responsibility for the housing bubble:

    What Bernanke Didn’t Say About Housing

    Citing Bernanke’s assertion that one of the benefits of QE had been the rise in home prices, Garrett said the following:

    “Previously you have said that the Fed’s monetary policy actions earlier this decade, 2003 to 2005, did not contribute to the housing bubble in the U.S. So which is it? Is monetary policy by the Fed not a cause of inflationary prices of housing, as you said in the past? Or is it a cause of inflating prices of housing? Can you have it both ways?”

  2. Revert2Mean says:

    Wind surpasses nuclear in China

    Wind has overtaken nuclear as an electricity source in China. In 2012, wind farms generated 2 percent more electricity than nuclear power plants did, a gap that will likely widen dramatically over the next few years as wind surges ahead. Since 2007, nuclear power generation has risen by 10 percent annually, compared with wind’s explosive growth of 80 percent per year.

  3. Mining Bogan says:

    Can someone explain to me clearly how this is going to work please? Too early for me…

    http://www.brisbanetimes.com.au/queensland/newman-government-wants-private-sector-to-build-and-run-new-schools-20130228-2f76u.html#comments

    Do public/private deals work in everyone’s best interests?

  4. GSM says:

    Our Federal Govt attempts to silence unflatterring media. Freedom of speech is under attack, make no mistake;

    http://www.theaustralian.com.au/national-affairs/stephen-conroys-pitch-to-control-the-news/story-fn59niix-1226587251535

    • 3d1k says:

      Labor’s continued drive to quash the media is a national disgrace and should be opposed from all quarters and by all operating in the media, whatever sphere.

  5. 3d1k says:

    “China Mobile’s 4G Wireless Network ‘to Serve 100 Cities This Year’

    Company chairman says 500 million people across the country will have access to the new technology.

    http://english.caixin.com/2013-02-27/100495014.html

    Access for 500 million people in one year…NBN, wherefore art thou NBN.

  6. Goldilocks says:

    Not long ago a Greek minister’s Mother was written to have 500 million euros worth of hidden funds.
    http://www.telegraph.co.uk/news/worldnews/europe/greece/9717973/George-Papandreous-mother-linked-to-550-million-Swiss-bank-account.html

    Spanish ministers are said to have had their own slush funds
    http://www.bbc.co.uk/news/world-europe-21349763

    but Mexico seems to present the queen of union corruption.
    http://www.theage.com.au/world/the-200m-downfall-of-the-teacher-20130228-2f7bi.html

    What can you say? TP’s twitter quote from yesterday sums up my sentiments: inside every cynic is a disappointed idealist.