Links 25 January 2013

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Here’s a list of things Reynard read over night.

Global Macro:

  • The shape of discretionary spending in emerging markets – FT Alphaville
  • IMF: Cut bankers’ pay or risk another crash – The Independent
  • Preparing for a nickel glut? – FT Alphaville
  • Dr Doom says quantitative easing will create zombie banks, firms and borrowers – The Guardian
  • Money printing ‘amounts to theft from our children’ – The Telegraph

North America:

  • S&P 500 tops 1,500 for the first time since 2007 – Marketwatch
  • Rapidly falling resource revenues hit Alberta Canada – The Globe & Mail
  • “Worst US recovery ever” – Zero Hedge
  • The Untouchables: Why Wall St escaped prosecution for any fraud related to the sale of bad mortgages – PBS Frontline
  • US Flash PMI for January rises to 56.1 – Business Insider
  • Weekly Initial Unemployment Claims decline to 330,000 – Calculated Risk
  • Analysis: U.S. bond stars bet big on equities revival – Reuters
  • U.S. companies need to get real about pensions too – Breakingviews

Europe:

  • A Greek statistician speaks out – FT Alphaville
  • Thanks for letting the team down, France – FT Alphaville
  • French Flash PMI Comes In Horrible – Business Insider
  • Spanish joblessness climbs again, no relief in sight – Reuters
  • Commentary on David Camerons’s Pledge to Hold EU Referendum – Der Spiegel

Asia:

  • Tim Harcourt: The Asian Factor – BRW
  • Japan records largest ever trade deficit – Financial Times
  • China Manufacturing Expands at Fastest Pace in Two Years – Bloomberg
  • China HSBC flash PMI hits two-year high in January – Reuters

Local:

  • Michael Pascoe: “the use of family trusts is a joke at the expense of the less fortunate” – The SMH
  • Baby boomers may have cultural cringe but gen x & y know Aus is a great place – The Punch
  • An early election is an economic must for Labor – The AFR
  • Push to cap super lump sum payments – The AFR
  • Demand for executive rentals falls – The AFR
  • Twentysomethings still suffering GFC effects – The Age
  • Budget cuts hit elective surgeries – The Age
  • Fortescue to branch out from iron ore – The Age
  • Australians more positive than expected. Still love property – The Age
  • Adapt or sink, Combet warns manufacturing industry – The Australian
  • RBA must ignore calls for more rate cuts – The Australian

Other:

  • Buffett pulls ahead in wager against hedge funds – Fortune