Weekend Links May 25-26

Global Macro/Markets:

• Misreading the global economy – Project Syndicate
• Bernanke saves the day Tim Duy and more
• IMF examines planned sovereign defaults – WSJ
• Dear governments: want to help the poor and transform the economy? give people cash Chris Blattmann

North America:

• Regional manufacturing expanded in May – Calculated Risk
• The Fed has painted itself into a corner – Naked Cap
• Durable goods orders increase 3.3% in April – Calculated Risk
• The Collapse Of Infrastructure Spending In One Chart – Business Insider , Washington Post
• Who should bear the pain – Bloomberg
• Merill Lynch on labour force participation – Calculated Risk

Europe:

• Troika distorted ‘dirty money’ findings – Cyprus Mail
• Spanish banks face another €10bn in provisions – FT
• Austerity in the Eurozone and the UK: Kill or Cure? – Martin Wolf
• The route in Spain – ZH
• The Eurozone could surprise to the upside – SoberLook
• What’s next for the Greek Economy ? – Moneybeat
• Apple’s Tax Magic Leaves Irish Bondholders Unmoved – Bloomberg
• Germany’s spluttering engine – ZH

Asia:

• BoJ must crush all resistance, and will do so – Ambrose Evans-Pritchard
• The deeper agenda behind “Abenomics” – Reuters
• BoJ governor Haruhiko Kuroda promises to stabilise bond market – FT
• Asia Goes on a Debt Binge as Much of World Sobers Up – WSJ

Local:

• Budget black hole feared from ‘garbage’ carbon projections TheOz
• ASIC appeals storm class action – SMH
• Combet knew Ford would likely close when he approved grants AFR
• Crown may go to BrisVegas AFR
• Solar price rise to end power divide TheOz
• Queensland councils and their credit cards Courier Mail
• The dangers of SMSF property. AFR

Other:

• Solar plane sets distance record – Bangkok post
• The best and the worst – Bloomberg

and the weekend WTF? story “Children are dying“