Links – Monday June 4

Here is some stuff Reynard the Fox found interesting since Saturday.

Global Macro:

• George Soros – Remarks at the Festival of Economics, Trento Italy George Soros
• Europe mulls major steps towards a fiscal union Reuters
• Global hedge funds hit with investor withdrawals Sober Look

United States:

• More QE is coming, but not yet Tim Duy
• Just in case you were asleep, US economic indicators were terrible last week BeSpoke
• Summary of week ending June 1st Calculated Risk
• US service industries probably grew at same rate in May Bloomberg
• Will tactical guys blow up the market on Monday as S&P rolls under its 200-day MA Reformed broker
• The level of government spending Krugman

Europe:

• How could Spain’s ‘secure’ banks descend into crisis? Guardian UK
• On Spain’s bank recap and capital flight FTAlphaville
• Can a banking union save the euro? Gavyn Davies
• Spain calls for new euro fiscal authority Reuters
• Spain – too big to fail, not too big to bail Independent UK
• Bloomberg stirring up trouble with ‘drachma test’ ChinaDaily
• Spain could see us out of both Euros Independent Ireland
• Europeans in Russia ABC.es
• Hollande to tighten grip in French parliament election Reuters
• EU said to be prepare start of ESM for July 9 Bloomberg
• 2 weeks of ‘polling blackout’ in Greece WSJ

Asia:

• China’s non-manufacturing industries grow at slower pace in May Bloomberg
• China’s customers will be doing less shopping Sober Look
• India and China, gaining weight, getting slower BeyondBrics
• Checkout more China links in the daily post from sinocism

Local:

• Beware of falling iron ore: Fortescue SMH
• Mortgage ‘victims’ winning battles against banks Locked Cupboard
• Unions target cabinet over foreign workers Locked Cupboard
• Tax reform lost in a saga of expediency Gittins!
• Hasties doesn’t signal an avalanche BusinessDay

Interesting/Other stuff:

• 10 things economics can tell us about happiness The Atlantic
• $1 billion dollars in ad revenue for twitter by 2014 Bloomberg
• What do spelling bee winners grow up to be ? Slate