Links 15 May 2013

Global Macro/Markets:

• Ian Bremmer: Bitcoin won’t last but virtual currencies will – May. 14, 2013 – CNNMoney
• Inflation Continues to Make Itself Scarce – Wall Street Journal

North America:

• Fed’s Plosser Wants Bond Buying to Taper at Next FOMC Meeting – Wall Street Journal
• IEA: North American Oil to Dominate World Supply Growth – Wall Street Journal
• U.S. oil boom leaves OPEC sidelined from demand growth – Reuters
• IEA – May:- Supply shock from North American oil rippling through global markets – iea.org
• How Long Will Fed Chief Bernanke Lead Federal Reserve? – NPR
• A Warning About Canada’s Banks – CNBC
• NY Fed: Consumer Debt declines in Q1, Deleveraging Continues – Calculated Risk
• U.S. Labor Participation May Be Low for Years: Fed Study – Bloomberg

Europe:

• The Resistible Fall of Europe: An Interview with George Soros – Project Syndicate
• Of stereotypes and the slow end of the European affair – Financial Times
• Anti Euro Party Alternative for Germany a Growing Problem for Merkel – Der Spiegel
• Stereotyping in Europe – Marginal Revolution
• Euro zone factory output jumps on energy, German strength – Reuters
• The New Sick Man of Europe: the European Union – pewglobal.org
• ECB clashes with Germany over euro zone bank resolution – Reuters
• Support for EU Slips But Euro Hangs On – Wall Street Journal
• Bank Bailout Blues Stall U.K. Recovery – Wall Street Journal
• U.K. House-Price Gauge Climbs to Almost Three-Year High – Bloomberg
• How strict land-use planning is stifling the UK economic recovery – VOX

Asia:

• The real experiment that is being carried out in Japan – Credit Writedowns
• China Stocks Fall Most in 3 Weeks on Economic, Property Concerns – Bloomberg
• Japan’s Abenomics detractors brace for I told you so moment – Reuters
• Japan’s Shinzo Abe: comeback kid with conservative agenda – Reuters
• BOJ’s Kuroda signals ready to keep stimulus more than two years – Reuters
• Japan Utilities Raising Prices Offer Abe Wrong Inflation – Bloomberg
• Iron ore near 2013 trough, slow China recovery cuts demand – Reuters
• China shares have worst day in three weeks, Hong Kong slides – Reuters
• Roubini Global Economics – Debt and Deleveraging: Will China Turn Japanese? – roubini.com

Local:

• BHP ponders returning cash to shareholders – Financial Times
• Ross Garnaut calls China boom at an end. Lower AUD vital – The AFR

Other:

• The politics of immigration: Don’t mess – The Economist
• The Economist explains: Why have so few bankers gone to jail? – The Economist
• Bruce Bartlett: Keynes and Keynesianism – New York Times
• Do speed limits reduce the number of road deaths? – The Guardian