Links 14 June 2013

Global Macro/Markets:

• Emerging Markets Act to Stem Capital Flight – Bloomberg
• Just how bad is the EM sell-off? – Financial Times

North America:

• Foreclosures Jump as Banks Bet on Rising U.S. Home Prices – Bloomberg
• State budgets are on the mend – Washington Post
• Is America Too Pessimistic About the Economy? – Daily Intelligencer
• The Biggest Economic Mystery of 2013: What’s Up With Inflation? – The Atlantic
• Rock and Roll, Economics, and Rebuilding the Middle Class – whitehouse.gov
• More White Americans Dying Than Being Born – Wall Street Journal
• Toronto condo market puts Canadian economy at risk: Bank of Canada – financialpost.com

Europe:

• Euro Zone Closes In on Bank Plans – Wall Street Journal
• When Did The IMF Really Change Its Mind on Greece’s Debt Restructuring? – Wall Street Journal
• Lessons of a Greek Tragedy by Barry Eichengreen – Project Syndicate

Asia:

• Is Abenomics failing? Here’s what you need to know about Japan. – Washington Post
• What Japan Can Teach the Fed About QE Addiction – CNBC
• What The Heck Is Happening In Japan – Business Insider
• Should Japan default? – Noahpinion
• Japanese stocks enter bear market as yen strengthens – BBC
• Sentiment Builds in China to Press Claim for Okinawa – New York Times

Local:

• “Is About To Go Into The Minsky Masher’ – Business Insider
• Australian labour market: weak and deteriorating – Bill Mitchell
• Labour market weakening, but not dramatically – The Australian
• Unemployment has risen in every state and territory in the past year – WA has seen the biggest rise – Matt Cowgill
• Hours-to-population ratio is at its lowest level since the mining boom began a decade ago – Matt Cowgill
• The proportion of men aged 15+ who are in full-time work is at its lowest level on record – Matt Cowgill
• Australia could miss Asian food boom –The AFR
• Bassanese sees no economic imbalances. Ignores private debt and undiversified export base – The AFR
• Productivity growth weak and worsening – The Age

Other:

• How sticky are wages anyway? – Marginal Revolution
• MMT vs. Austrian School Debate – the Modern Money network – modernmoneynetwork.org
• We produce 6 times more meat than we did in 1950. Here’s what that means for animals and the earth – Quartz