Here’s a list of things Reynard read overnight.
Global Macro/Markets:
- Moody’s plays the sucker card … again – Bill Mitchell
- Leveraged loan market on fire – Sober Look
- Austerity obstructs real economic reform – Financial Times
North America:
- Investors cash-in on land deals as US housing picks-up – Reuters
- Bernanke’s Stimulus Spurring U.S. Employment in Housing – Bloomberg
Europe:
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- This downgrade is nonsense – FT Alphaville
- Mario Monti, Paul Krugman and Italian austerity – Financial Times
- The euro zone never followed its own rules in the past and will break them in the future – Quartz
- Euro zone at odds over bail-in of Cypriot depositors – Reuters
- The UK must spend, lend and change to drive upturn in the economy – The Telegraph
- Has Britain finally cornered itself? – barnejek.wordpress.com
- Italians set to reject austerity – The Australian
Asia:
- Kuroda! The BoJ’s goldilocks – FT Alphaville
- The Chinese PMI circus – FT Alphaville
- Chinese ‘Dubai’ turns into a deserted island – News.com.au
- China Quietly Invests Reserves in U.K. Properties – Wall Street Journal
- China & Japan a powder keg: US – The Australian
Local:
- “When did agent price quotes become a state secret?” – Property Observer
- Compulsory super enriches financial sector at the expense of low paid workers – The Australian
- Fortescue Metals’ Andrew Forrest tries to block mining on his farm – The SMH
- Glencore boss berates BHP, Rio CEOs for new mines – The SMH
- Pilbara coast on high alert – The Australian
- Pressure for rate cuts as banks lift profits – The Australian
- Bank profits rise on lending – The Age
- Big banks bask in funding nirvana – The AFR
- US shale gas boom won’t hurt LNG – The Australian
Other:
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- Fascinating (but wonky) way to integrate various political philosophies and optimal tax theory – NBER
- Rebuilding trust in global banking – Bank of Canada