4th July Links: Lie-bor!

Global Macro:

• Brazil is fading fast Scott Barber
• BRICS priced for economic meltdown Bloomberg
• JPMorgan at centre of power market probe FT

Libor Scandal:

• A Libor primer in case your not up to speed with the scandal BBC
• Mirabile Dictu! Barclays CEO Bob Diamond resigns over Libor scandal (Updated) Naked Capitalism
• And with an inflexion of the eyebrows, Bob was gone FTAlphaville
• The strange silence and an absence of information BBC
• Bank forecasts futile now all trust has gone, says analyst Telegraph
• Regulators On Libor Probe Said To Seek More Time Bloomberg
• Rigged Rates, Rigged Markets NYT
• Bank of England ‘eased’ Diamond out BBC

United States:

• US factory orders rise more than expected in May Reuters
• CoreLogic house price index up 2.0% YoY in May CalculatedRisk
• Big banks ‘living wills’ aiming for bankruptcy not bailout Bloomberg
• US car sales climbed in June NYT

Europe:

• Finland Firm On Collateral As Spain Aid Terms Discussed Bloomberg
• The Euro endangers German economy Speigel.
• Thousands petition German constitutional court against ESM DW
• ECB backed Ireland in getting pledge for bank bailout review IrishTimes
• Ireland’s ‘triumphant’ return to the markets FTAlphaville
• Trying to keep deposits in Spain SoberLook
• Big automakers face deepening European sales slump Reuters
• IMF says Germany ready for domestic demand led growth IMF

Asia

• Ceiling on housing affordability reach, and won’t be breached Gittins!
• Public cuts threaten recovery BusinessDay
• Bottlenecks to stay as ports struggle for funds TheOz Locked
• Macquarie caught up in DJs drama BusinessDay
• CEOs fight new media curb TheOZ locked