Links 10 May 2013

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Global Macro/Markets:

North America:

  • Fannie Mae to Send $59.4 Billion to U.S. Treasury – Wall Street Journal
  • Why is the man who bet against U.S. housing so worried about Canada? – Globe & Mail
  • Master of doom Marc Faber is feeling gloomy about Canada – Globe & Mail
  • How to Buy a House With No Money Down in Canada – ehow.com
  • Canadians can still buy a house without saving their pennies – Globe & Mail
  • Private Student Debt Refinancing Could Help Economy, CFPB Says – Bloomberg
  • Jobless Claims in U.S. Unexpectedly Fall to Five-Year Low – Bloomberg
  • Notes from the Ira Sohn Conference, Spring 2013 – The Reformed Broker
  • House Prices Rise in 89% of U.S. Cities as Recovery Gains – Bloomberg

Europe:

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  • Bundesbank Head Weidmann Criticizes French Deficit Reduction Plans – Der Spiegel
  • The dramatic adjustment in eurozone trade imbalances – Financial Times
  • EU ministers to debate Cyprus money laundering report – euobserver.com
  • ECB monthly bulletin – ECB
  • Greek finance minister sees economic recovery – USA Today
  • Joblessness Up Again in Greece, Portugal – Wall Street Journal
  • Europe’s beggar-my-neighbour policy – Financial Times

Asia:

  • Is Abenomics Going to Put Japan Back on the Map? – The Big Picture
  • China and the post-tsunami spirit have revived Japan – Financial Times
  • Beijing Puzzles Over Urban Growth – Wall Street Journal
  • South Korea Joins India-to-Europe Rate Cuts for Growth: Economy – Bloomberg
  • China inflation data shows central bank policy dilemma – Reuters

Local:

  • BHP & Rio confident Asian growth will save the day – The AFR
  • The Aussie dollar will come down hard – The AFR ; The Age
  • Fortescue ramps-up staff and production – The AFR
  • Scores of rich dodging taxes – The Age
  • Ken Henry blasts “reality TV” politicians – The Australian
  • New era of austerity at BHP – The Australian

Other:

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  • Rethinking macroeconomic policy – VOX
  • All Empires Crash Soon After They Reach Their Peak – The Big Picture
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.