Global Macro:
- Deep thoughts from Jim Chanos (Pragmatic Capital)
- Krugman on how to end this depression (CNBC)
- Hedge fund withdrawals jump to highest since ’09: data (Reuters)
- Why we are light years away from solving our problems (Zero Hedge)
- Farm prices on upward trend in next decade (Reuters)
- OPEC sees 2013 oil demand growth slowing (R euters)
United States:
- Trade deficit declines in May to $48 billion (Calculated Risk)
- The US housing bust is over (Calculated Risk)
- U.S. trade deficit narrows on exports, cheaper oil in May (Reuters)
- FOMC Minutes (Federal Reserve)
- In 2009, Americans paid lowest tax rates in 30 years to federal government (Washington Post)
- Dallas Fed says “no” to QE3 (AFR)
Europe:
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- Evans-Pritchard: Merkel breaks German law on ESM rescue (The Telegraph)
- Spain pressed to inflict losses on savers (Financial Times)
- Another scary Spanish capital flight chart (FT Alphaville)
- Spain unveils new austerity under European pressure (Reuters)
- Ireland shows signs of resilience amid Eurozone crisis (Markit)
Asia:
- China Development Bank to US-listed Chinese companies: time to come home (Financial Times)
- Wen Says Boosting Investment Now Key to Stabilizing China Growth (Bloomberg)
- Is Chinese employment finally coming under pressure from slowdown? (Financial Times)
- China will grow old before it grows rich (AFR)
- Time is running out for Chinese population fix (AFR)
Local:
- Is Australia the next Spain? (CNBC)
- RothsChild: Proximity to Asia can save Australia (The Australian)
- Swan to push China to make AUD third currency in yuan trade (The Australian)
- Planning reforms flagged for Melbourne (The Age)
- Handouts & rate cuts bring hope to ailing economy (The Age)
- APRA throws weight behind global banking reforms (The Age)
- Chinese economy to remain strong, but demand for coal to wane (The Age)
- Australia closer to yuan deal (AFR)