Global Macro:
- For Stability’s Sake, Reform Money Funds – Bloomberg
- “The Mirage of Youth Unemployment” – Project Syndicate
United States:
- The Untold Story of Municipal Bond Defaults – New York Fed
- Key Measures show slowing inflation in July – Calculated Risk
- Empire State Manufacturing Survey drops 13 points, goes negative – New York Fed
- US and euro zone industrial production rebased to 100 – Thomson Reuters
- Industrial Production rises 0.6% in July, Capacity Utilization up – Calculated Risk
- NY Fed Manufacturing Survey indicates contraction, CPI flat in July – Calculated Risk
- Report: Housing Inventory declines 19.3% year-over-year in July – Calculated Risk
- Data Dump – Tim Duy’s Fed Watch – Economist’s View
- NAHB Builder Confidence increases in August, Highest since February 2007 – Calculated Risk
- Yes, we have no inflation – Washington Post
- Housing bottoming? Then where are the buyers? – The Big Picture
- America’s drought will take a significant toll on some of the nation’s principal food crops – The Economist
- Fed’s Fisher says more policy easing won’t help on jobs – Reuters
Europe:
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- “Early Retirement for the Eurozone?” – Nouriel Roubini (Project Syndicate)
- Libor’s Risks Emerged From Clubby London Banking Culture – Bloomberg
- Italy’s ‘this time it’s different’ moment: Reaction to Giavazzi – voxeu.org
- Economic Crisis Triggers Wave of Suicides in Greece – Der Spiegel
- Greece to Exit Euro Zone Next Month? — European Business News – CNBC
- FT Alphaville » Spanish banks increasingly dependent on ECB drip – Financial Times
- Greece seeks two-year austerity extension – Financial Times
- Sober Look: Denmark’s foreign reserves still rising – Sober Look
Asia:
- China’s Wen says economy still under pressure – Reuters
- China Bear Market Lures Record Foreign Bids as Locals Pull Funds – Bloomberg
- The number of Chinese aged 60 or more is projected to grow from 181m today to almost 390m in 2035 – The Economist
- China’s very different election show – Financial Times
Local:
- Australia’s Banks Are Now Worth More Than Europe’s—How Is That Possible?- The Atlantic
- Budget cuts needed, not just tweeks – AFR
- CBA backs inquiry into financial system – AFR
- Property now a dud investment – AFR
- CBA: Get used to the high AUD – Fairfax
Other:
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- Brazil to unveil $66bn stimulus plan – Financial Times
- The other multiplier effect, or Keynes’s view of probability – johnkay.com
- Brazil announces stimulus plan – BBC News