Weekend Links

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Global Macro:

  • US dollar share of global CB reserves falls. Aussie and Loonie up. – Reuters
  • Gold heading for best quarterly gain since 2010 – Reuters
  • Sovereign Debt restructures 1950-2010 – BigPicture

North America:

  • How Bernanke pulled the Fed his way – WSJ
  • Chicago PMI really weak – WSJ Blog – BI
  • ChicagoFed’s take – here
  • Gas prices hit consumers – Reuters
  • US “drowning” in unemployment says Plosser – Reuters
  • Bloomberg reports US State economic health at 9 month low
  • American Industrial Renaissance or a tale of working poor, which ever you prefer – Richard Bernstein via BI
  • This is really interesting – Most astonishing fact about the stock market rally – BI

Europe:

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  • Europe needs to share more of Greece’s pain – FT
  • Spain inches toward bailout – Businessweek
  • France unveils tough budget – Reuters
  • Roubini reckons the outlook is getting darker in France and social unrest is coming – via BI
  • Spain’s banks need €59.3 billion bailout – BBC
  • Italy’s south nears economic meltdown – UK Telegraph

Asia:

  • Bo Xilai kicked out of the Party – BBC
  • Coming collapse of China – NOT! Forbes
  • Cracks in China’s shiny buildings – Businessweek
  • Yuan hits record – Marketwatch

Local:

  • Katter’s Mob courting Barnaby – ABC
  • Property market “desperate” for revival – SMH
  • House prices not out of line with incomes – Bassanese in the AFR yesterday arvo.
  • Malcolm Maiden on the chances of an RBA cut next week – Business Day
  • Labor to crack down on SMSF – this one is locked but interesting if you have an AFR subscription
  • Don’t change super – Kelty in the Oz
  • Two of the majors classify biz debt as home loans – AFR (locked again)

Other:

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  • Tibetan Buddha made of meteorite – the Guardian
  • Go Swans and Dogs in the AFL and NRL Grand Finals this weekend