Global Macro:
- Hedge funds bet on big Bunds sell-off (Financial Times)
- Austerity Doesn’t Pay as Debt Markets Ignore Rating Cuts (Bloomberg)
- US markets watchdog hits at ‘risky’ London (Financial Times)
United States:
- Are US Treasury Bonds in A Bubble? (Forbes)
- Banks Worry As Breakup Talk Revived After JPMorgan Loss (Bloomberg)
- Credit growth expanding in the US (Sober Look)
- Fed Will Ease Monetary Policy This Week (CNBC)
- Housing Starts at 708 thousand in May, Single Family starts increase to 516 thousand (Calculated Risk)
- Clogged Credit Weighs on Fed Policy Makers (Wall Street Journal)
- FHFA seeks to help banks avoid being forced to buy back mortgages (Bloomberg)
Europe:
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- Germany set to allow eurozone bailout fund to buy troubled countries’ debt (The Guardian)
- The Entire Crisis In Europe Started With A Big ECB Bailout Of Germany (Richard Koo, Business Insider)
- Europe Will Emerge Stronger Than Ever (CNBC)
- Greece Set for Bailout Reward (Bloomberg)
- Spanish Short-Term Borrowing Costs Rise Sharply (New York Times)
- Second part of Spanish banks’ audit to be delayed (Reuters)
- Spain pleads for ECB rescue as bond markets slam shut (The Telegraph)
- EU to limit impact of bank rescue on Spain’s deficit (Reuters)
- No Greek relief for pain in Spain (Reuters)
- Borrowing costs force euro leaders to act (Financial Times)
- Britain doomed, apparently (FT Alphaville)
Asia:
- Foreign holding of JGBs jumps to nearly $1 trillion on Europe worries (Reuters)
- China offers $43 billion for IMF crisis war chest (Reuters)
- China’s engineered property decline (Pragmatic Capitalism)
- India’s shrinking rich list (Financial Times)
- Was China’s inflation imported from QE2? (Zarathrustra)
Local:
- Number of high net worth investors in Australia falls 7% in 2011 (AFR)
- Rate cuts less likely after surplus effect falls short (AFR)
- Bank term deposit rates way down (AFR)
- Forced property sales set to soar (AFR)
- 20,000 excess jobs in QLD public service (AFR)
- Stop complaining about job losses (Gittins!)
