Links 14 January 2014

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Global Macro / Markets:

  • Federal Reserve Said to Probe Banks Over Forex Fixing – Bloomberg
  • Basel Regulators Ease Leverage-Ratio Rule for Banks – Bloomberg
  • Is Gold About To Move Higher? – jerrykhachoyan.com

North America:

  • Banks Seek to Limit Volcker With Challenge to Meaning of ‘Own’ – Bloomberg
  • Yield-hungry investors snap up US homeless bond – Financial Times
  • Businesses have new reasons to accelerate spending this year – Wall Street Journal
  • The behavioral economics behind Americans’ paltry nest eggs – Quartz
  • Weak US jobs data challenge the Fed – Financial Times

Europe:

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  • Euro-Zone Tensions Flare at U.S. Economics Gathering – Wall Street Journal
  • Investors are turning back to euro-zone bonds, leading countries’ borrowing costs to fall – Wall Street Journal
  • Treasury gives debt pledge on Scotland – Financial Times
  • IMF adds four European countries to financial risk list – The AFR

Asia:

Local:

  • Labor hits “business” Budget – The AFR
  • Tony Shepherd urged to reveal interests – The Age
  • Christmas can’t break Coalition out of poll mire – The AFR
  • Policy plans must come from reality, not projection – The AFR
  • First home buyers shoved aside – The Australian
  • Act now on Holden or risk recession – The Australian
  • Give Qantas a chance – The Australian
  • A lesson for Australia’s economy – The Age
  • Minimum wage fear and loathing not based on evidence – The Guardian
  • The housing boom is on borrowed time – Business Spectator

Other:

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  • The Anti-Scientific Revolution in Macroeconomics – New York Times
  • Wait, What If We Try Giving People Home Loans They Can’t Actually Afford To Pay Off? – The Onion
  • Legal Weed’s Strange Economics in Colorado – Bloomberg
  • What the Heroes of Blogging Have Accomplished – Bloomberg
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.