Links 15 January 2014

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Global Macro / Markets:

  • Interest rates don’t matter? Federal Reserve paper says so – CNBC
  • The one thing commodity experts agree on – The AFR
  • The age of imbalances has ended – The AFR

North America:

  • US retail Sales increased 0.2% in December – Calculated Risk
  • One in four Obamacare enrollees are young adults. That’s below the target – Washington Post
  • Seven Nobel Laureates Endorse Increase in U.S. Minimum Wage – Bloomberg
  • Canada’s Housing Bubble Threatens Economy – Wall Street Journal
  • $1.1 trillion spending bill unveiled – Politico
  • The winners and losers of the new spending bill – Washington Post

Europe:

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  • Scandinavian Debt Crisis Waiting to Happen Puzzles Krugman – Bloomberg
  • Danish Banks Face Tougher Credit Rules to Tackle Record Debt – Bloomberg
  • Russia expels US journalist David Satter without explanation – The Guardian
  • Has Europe left the debt crisis behind as growth returns – You Tube
  • Why Britain shouldn’t pin its energy hopes on shale – The AFR

Asia:

  • Gates Says China’s Xi Has Firmer Grip on Army Than Hu Did – Bloomberg
  • Japan Current-Account Gap Widens to Record on Weaker Yen – Bloomberg
  • Why Singapore’s Economy Is Heading For An Iceland-Style Meltdown – Forbes
  • Tokyo stocks post steepest losses in over five months as a tumbling dollar triggers sharp selloff – Wall Street Journal
  • Japan’s Coming of Age Day had the fewest number of new adults since 1968 – Quartz

Local:

Other:

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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.