Global Macro/Markets:
- Dow 36,000 Is Attainable Again – Bloomberg
- Nikkei rises above 12,000 for first time since September 08 – Reuters
- Fiscal tipping points – Econbrowser
North America:
- Oh, those house-crazy Canadian consumers – The Globe & Mail
- Blasting Canada’s tightened mortgage rules – Edmonton Journal
- Fed’s Q4 Flow of Funds: Household Mortgage Debt down $1.2 Trillion from Peak – Calculated Risk
- No, the United States Will Never, Ever Turn Into Greece – The Atlantic
Europe:
- UK real wage falls – CNN
- ECB: Introductory statement to the press conference – ECB
- Sweden – a false icon for Thatcherites – Project Syndicate
Asia:
- “Why China’s property market is getting scary” – Global Post
- Fear of China bank crisis keeps Aberdeen alert – Asian Investor
- Japan is braced for fight to hold on to the top job at the ADB – Financial Times
- I ain’t afraid of no ghost cities – Wall Street Journal
- Baosteel chief reports subdued outlook – Financial Times
- Tokyo Reversing Two-Decade Slide in Office Rentals – Bloomberg
- 8 questions for Michael Pettis, dean of the China bears, on his new book “The Great Rebalancing” – Wall Street Journal
- Outgoing BoJ head rejects fresh call for monetary easing – Financial Times
- China’s Richer-Than-Romney Lawmakers Show Xi’s Reform Challenge – Bloomberg
Local:
- Is Victoria in recession? Short answer: no one knows – Matt Cowgill
- Sign of the times: vacancies bite in Melbourne GPO – The Age
- Weighing-up a broad-based land tax – Property Observer
- New Victorian zoning rules to keep high-rise developers out of heritage suburbs – Property Observer
- Victoria needs to ignore ratings agencies and increase debt for growth – The SMH
- Greens call for super tax on big four banks – The SMH. At least charge them for government support.
- PM faces 457 Visa revolt – The Australian
- Concerns over iron ore index pricing – The AFR
Other:
- The shifting goalposts of anti-Keynesians – Brad DeLong
- Why don’t economists understand money – Positive Money
When the politicians are forced to make ever harder choices about water use they will consult …….. their media advisor!
http://www.theage.com.au/environment/river-researchers-may-face-axe-20130307-2fog3.html
Lots of Vic stories this morning.
Everything up for grabs and on the table.
Will the new administration dump the FHB grant on pre-existing homes to aid the ailing residential construction sector?
Now might be a good time to wake-up HIA.
“James K. Glassman is executive director of the George W. Bush Institute.”
Seems appropriate for someone who likes to create his own reality (Dow 36,000 first predicted within 3-5 years of 1999).
http://en.wikipedia.org/wiki/Reality-based_community
http://www.mauldineconomics.com/frontlinethoughts/an-infinite-amount-of-money
PS, free registration required to read the full article. Well worth it.
http://ravebydave.blogspot.com.au/2013/02/tax-thresholds-so-tasty-you-cant-stop.html#more
http://www.abc.net.au/news/2013-03-07/global-bank-ubs-says-australia-is-not-the-safe/4559620
A lateline business piece on Australia being a ‘safe haven’, the Australian dollar,private equity and the changes in capital inflows and outflows.
Very good piece on this horrible trend in journalism to provide a false sense of balance in the context of the NBN
http://delimiter.com.au/2013/03/08/hands-off-nick-ross-conroy-warns-the-abc-and-the-australian/