Links – Thursday June 7

Here is some stuff Reynard the Fox found interesting today.

Global Macro:

• Milkie Wilkies are back in play Gavyn Davies
• ECB holds rates, lets crisis squeeze politicians AP, WSJ
• Macro outline causes,effects and predictions for the GFC Credit Writedowns
• Thoughts on how to avoid another great depression Marginal Revolution
• Record bond ETP inflows in the last month FTAlphaville

United States:

• Fed Beige Book: Economic activity increased at ‘Moderate rate’ CalculatedRisk
• Here’s why everyone is wrong about the Fed Big Picture
• Comparing housing recoveries CalculatedRisk
• More cold water Tim Duy

Europe:

• ECB’s introductory statement on policy ECB
• Spain makes explicit call for bank aid FT, Ambrose Evans-Pritchard
• EU weighs up Spanish rescue FT
• Spanish Industrial production still trending downwards Scott Barber
• Germany has joined them BBC
• Spain economy nears moment of truth Al jazeera
• Election promises no end to Greece’s agony Reuters
• Merkel allies signal progress on accepting funds to pool debts Bloomberg
• Spain awaits banks audit as Germans warm to bailout Reuters
• And who will be doing that audit ? The ‘Big 4’ Ian Fraser
• Greece is broke again NYT
• Germany grapples with role in rescue WSJ

Asia:

• Asia alarm on bank withdrawals BusinessDay
• Tall tales about China’s banks hide economy’s problems Bloomberg
• Japan confronts flight to quality with brutal Yen repeating 1995 BusinessWeek
• Game not over in the Taiwan-South Korea race Focus Taiwan
• See more China links later today from sinocism

Local:

• Turns out governor knows best BusinessDay
• The good the bad and the two speed economy Jessica Irvine
• Miners dig economy out of a hole Locked Cupboard
• BHP: Pipeline in limbo as China slows Locked Cupboard
• Fairfax ponders write-down of masthead Cupboard
• Qld health payroll system debacle to cost $1.2b to fix ABC

Interesting/Other stuff:

• Austerity has never worked Guardian UK
• A search engine for social networks based on ants R&D
• Egyptians protest against Mubarak verdict in Cairo BBC
• How to think about … Re-profiling Italian debt FTAlphaville

And have a nice day!