Global Macro:
- Do not put your faith in the false deities of economists (Financial Times)
- Just how at-risk are investment managers to the disruption of algorithmic investment models? (Absolute Returns)
- Egyptian Elections And Israeli Escalations (Zero Hedge)
- Roubini: The Global Perfect Storm (Pragmatic Capitalism)
- “Today’s retirees are living through what might prove to have been a golden age for pensions and pensioners.” (The Economist)
- G20 begins to grapple with crisis (BBC News)
United States:
- Home-Builder Confidence Hits Five-Year High ( Wall Street Journal)
- NAHB Builder Confidence increases slightly in June, Highest since May 2007 (Calculated Risk)
- The Problem With Henry May Derail U.S. Recovery (Bloomberg)
- Fed Seen Twisting to Risk Management to Spur U.S. Growth (Bloomberg)
- Banks Benefit From Plan to Aid Struggling Homeowners (Wall Street Journal)
- Fannie, Freddie Delinquency Rates and REO by State for March (Calculated Risk)
- If US falls over the “fiscal cliff”, it would suffer a fiscal squeeze of 5% of GDP and probably a recession (The Economist)
- Failure to formulate a grand strategy will only further fuel talk of American decline (The Diplomat)
Europe:
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- Troika considering extending terms of Irish loan (RTÉ News)
- Greece as Victim (New York Times)
- FT Alphaville » Greece, the post-election questions (Financial Times)
- Evans-Pritchard: Greece will have to leave EMU whoever is elected (The Telegraph)
- Greece has won Europe a respite – now it must use it (Financial Times)
- Euro’s Greek honeymoon shortlived (Financial Times)
- UK economy manufactures rebalancing act (Financial Times)
- Spain, Italy demand action as debt pressure mounts (Reuters)
Asia:
- India’s Central Bank Hunkers Down (Wall Street Journal)
- China ‘tarnished’ by Bo case, says official (Financial Times)
- China’s labour shortage: getting worse (Financial Times)
- Don’t count on a growth bailout from China (Bloomberg)
- Fabricated bank adds to China’s list of fakery (Fox News)
Local:
- Rinehart seeks editorial influence at Fairfax (AFR)
- News Limited in major redundancy program (AFR)
- Tough love needed for quality media (AFR)
- Too many investment banks in Australia (AFR)
- Parko: reform before it’s too late (AFR)
- Asia middle class “benefits Australia” (AFR)
- “Learn from Australia” Gillard tells world (Fairfax)
- Why Aussies are so pessimistic (Colebatch – Fairfax)
