Here’s a list of things Reynard read over the long weekend.
Global Macro:
- Exploring pro-cyclical budget positions – Bill Mitchell
- Doubting the bull market in Treasuries is over – FT Alphaville
- Currency Wars in the Era of Unconventional Monetary Policies – Econbrowser
- Five things economists know about immigration – Washington Post
North America:
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- The foreign hands that help to shape Canadian home prices – The Globe and Mail
- The surprisingly long path to US monetary union – FT Alphaville
- U.S. home prices see best yearly gain since 2006 – Reuters
- Case-Shiller: House Prices increased 5.5% year-over-year in November – Calculated Risk
- Comment on House Prices, Real House Prices, and Price-to-Rent Ratio – Calculated Risk
- US now produces 83.3% of its own energy — highest since 1990 – American Enterprise Institute
- A Dose of Reality for Energy Policy – Conversable Economist
- Bernanke Seen Buying $1.14 Trillion in Assets in 2014 – Bloomberg
- Infrastructure investment can reduce America’s long-term debt – The Fiscal Times
- Japan’s lessons for America’s budget warriors – aei.org
- Consumer Confidence Hits Lowest Level Since November 2011 – Wall Street Journal
- Analysis: Immigration reform could boost U.S. economic growth – Reuters
- US gas exports a paper tiger – The AFR
Europe:
- Greek finance minister eyes 2014 recovery for economy – BBC
- Interview on Britain and Europe with Former Prime Minister Tony Blair – Der Spiegel
Asia:
- China makes extensive use of surveillance cameras to silence, intimidate critics – NPR.org
- The great rollover of China: at least 3/4 of all local govt loans due by end of 2012 were extended – Financial Times
- “Non-performing loans and assets along with corruption are becoming a real problem in Vietnam” – The Diplomat
- China’s banks have become ‘too big to manage’ – Financial Times
Local:
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- One-third of loans in high risk mortgage funds in arrears – Australian Broker Online
- Finance broker blows the lid on mortgage guarantor loans – Australian Broker Online
- Terry Ryder: Australian property propaganda “criminally negligent” – Crikey. Funny how he never criticises the HIA housing affordability index showing Australian housing to be just as affordable as the mid-1990s. Wonder why?
- Thanfully Catherine Cashmore provides a voice of reason amid the spruik and misinformation – Property Observer
- Six high rise towers to replace former Age site on Spencer Street – Property Observer. Watch Vic dwelling approvals surge in January.
- Adelaide court declares former ABC founder Eddy Groves bankrupt – News.com.au
- Labor savings will hit rich and middle classes – The AFR
- Weight of money pumps share prices – The AFR
- PM to target wealthy tax breaks & concessions – The SMH ; The Australian
- Sluggish start to NSW FHB Grant – The SMH
- Business confidence on the mend – The Australian
Other:
- Is storytelling a fundamental part of economics? – Tim Harford
- Global mining giant Anglo American writes off $4bn loss on $8.6bn Brazilian iron ore project – Wall Street Journal
- Derivatives trader: ‘The trouble is, regulators are idiots’ – The Guardian
- NZ Government targets surplus – The Australian