May 10th links: Greeced

Stuff Reynard the Fox found interesting today.

Global macro:

Time for helicopter money. Willem Buiter

United States:

The Fed owns the stock market. Jim Grant

Europe:

What Hollande must tell Germany. Martin Wolf
Spain leaves Italy spreads behind. Sober Look
Tipping point in EU crisis talk. Alphaville
Greek moratoria. Alphaville
Greece again. Tim Duy

Asia:

Extrapolating China’s stimulus demand for metals is a bad idea. Alphaville Yes it is and one we’ve hung the nation on

Local:

Mitsui exposes MRRT tax loophole. The Australian Labor deserves to be voted out on this alone
Costello denies bid for comeback. AFR Let’s hope he’s right
S&P warns on Budget. SMH

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.