Links 30 January 2013

Advertisement

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:

Advertisement
  • 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:

Advertisement
  • 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