Global Macro
- Relentless rise in food prices already showing up in inflation indicators SoberLook
- Libor arrests coming Reuters
- European Parliament head fears ‘social explosion’ France24
- IMF economist accuses fund of suppressing information Reuters. His resignation letter here
- Meanwhile, they’re reported to be thinking about pulling the plug on Greece Ekathimerini , DW
- The ECB already has, again ECB
- $21trn hidden from the taxman by global elite Guardian UK
- Argentina economy shrinks in May, first time since 2009 Reuters, CreditWritedowns
- Stocks and bonds continue to diverge Stocktwits
United States:
- Worse drought in decades threatens to put farmers out of business Telegraph
- The fiscal cliff and rationality Econbrowser
- Schedule for week ahead Calculated Risk
Europe:
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- The day that panicked Germany El Pais ( via translate)
- Six Spanish regions may seek bailout after Valencia Bloomberg
- For Greece, ECE=End Close, Beware Ekathimerini
- British taxpayers to pay €350 million extra to EU Telegraph
- Euro not in danger, Draghi Reuters, original here ECB
- Germany’s Steinbrueck sees some countries leaving the Euro Bloomberg
- Ireland bulldozes ghost estates Bloomberg
Asia:
- Bank of America defends China data Bloomberg
- China Q3 growth may slow to 7.4% adviser says Bloomberg
- More China links from Sinocism later today
Local:
- Falling export prices a risk to budget surplus AFR
- Fix mining tax, GST: Garnaut AFR
- We’re all just one big super market now BusinessDay
- Passenger surge amid cheap fares BusinessDay
- Rinehart fits the bill, for what it’s worth: Conroy AFR
- Gridlock in energy investment TheOz Locked
- Lessons on the dark side of financial innovation Gittins!
Other/Interesting:
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