Links 14 May 2013

Global Macro/Markets:

• How Austerity Kills – New York Times

North America:

• Is the Canadian housing market falling apart? – CNBC
• A Top Contender at the Fed Faces Test Over Easy Money – Wall Street Journal
• Student Debt and the Crushing of the American Dream – New York Times
• Is the Fed Afraid to Regulate the Big Banks? – Bloomberg

Europe:

• Europe is easing corporate tax burdens as those of workers rise – Bloomberg
• Germany Wary of ECB Plan to Buy Asset Backed Securities – Der Spiegel
• Top hedge funds bet on Greek banks – Financial Times
• EU referendum: cabinet crisis for David Cameron as ministers break ranks – The Guardian
• Spain home expropriation plans – Bloomberg

Asia:

• Chinese SOEs and “invisible benefits” – Financial Times
• China plans revolution to head off fiscal crisis – The Age
• Bubblewatch Hong Kong: Volumes -60%, prices following. Extra stamp duty on foreigners – CNN
• China’s recovery is “painfully slow” – Financial Times
• China’s debt: a crisis in the making? – CNN Money
• Chinese shadow banking: three different ones – FT Alphaville
• Abenomics Confusion – Macro and Other Market Musings

Local:

• Labor and business at war. AFR The rentier versus the rented.
• Budget ‘booby trap’ set for Coalition – The Age
• Rate of bulk billing hits record high – The Age
• Politics of transport delivers gridlock – The Age
• Treasury “dreaming on growth” – The Australian

Other:

• Chill out about the debt bubble? – Newstateman