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Here is some stuff Reynard the Fox found interesting today.
Global Macro:
- Obama Seeking Ally on Europe Finds Merkel a Tough Sell Bloomberg
- Putin edges towards Eurasian Union AlJazeera
- Rajoys bid to avoid a “full” bailout looks to be failing BusinessWeek
- Spain’s bailout refusal is ‘Kamakizee Politics’ Spiegel
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United States:
- S&P affirms U.S. ratings at ‘AA+/A-1+’, outlook still negative Reuters
- US trade deficit declines in April to $50.1bn CalculatedRisk
- Household Net Worth In U.S. Increases By Most Since 2004 Bloomberg
- US Consumer debt growth slows WSJ
- The other fiscal cliff issu(-ance) FTAlphaville
Europe:
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- Spain too big for EU rescue fund and China recoils Ambrose Evans-Pritchard
- Spain poised to request EU bank aid on Saturday Reuters, FT
- A quick note of Spain’s downgrade FTAlphaville.
- French forecast cuts while Germany’s is raised BBC, French budget balance chart Scott Barber
- German exports drop due to weak demand from EU neighbours DailyFX
- Bank of France cuts growth forecast to negative Telegraph(UK)
- French business confidence and Italian output fall Bloomberg , Italian industrial production chart Scott Barber
- Eurozone citizens moving billions to switzerland SoberLook
- Papademos warns of Grexit vortex FT
- Papandreou sees Greece staying in euro as austerity eased Bloomberg
- The Eurozone as a Modern Day ‘Merchant of Venice’ Marshall Auerback
- Swiss money mules Bruce Krasting
- Capital flight leaves banks in Germany awash with deposits ekathimerini
Asia:
- Mainland developers to pay 20% vacant land tax ChinaDaily
- China rate cut sparks fears of grim May data Reuters
- China faces stimulus dilemma FT
- Strong Yen won’t survive Japan’s fiscal cliff Bloomberg
- Derating China’s banks WSJ
- China’s Shipyards Fail to Win Orders as Greek Owners Shun Loans Bloomberg
- Indonesia to Push Through Down-Payment Rules Amid Protest Bloomberg
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Local:
- Stevens spells out home truths AFR
- Big banks split on rates cut AFR
- Treasurer warned off GST royalty threat Locked Cupboard
- Where to for the roo ? BusinessDay
- Love affair with backyard fizzles out AFR
Interesting/Other stuff:
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- Reagan Was a Keynesian Krugman
- Spy-novel life for Vietnam’s ‘napalm girl’ Al jazeera
- Why do trade negotiations take so long? Vox
- Counterparties: The bank capital battle Felix Salmon
- Do golf tournaments make economic sense ? Game Theory-Economist
- IMF chief praises Latvian “Success story” – A scary speech for the Eurozone. Real world economic review
- Start the engines, Angela The Economist
And have a good weekend!
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