Weekend links 2-3 February 2013

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

Global Macro:

  • A must read from PIMCO’s Bill Gross on the global credit supernova – PIMCO
  • On SWFs being paid to borrow – FT Alphaville
  • A cap and trade proposal… for immigration – FT Alphaville
  • It’s not a collateral shortgage that’s plaguing the global financial system, but a scarcity of capital – FT Alphaville

North America:

  • Top Canadian housing and economic trends to be watching in 2013 – Ben Rabidoux
  • US January payrolls: +157,000, unemployment rate 7.9 per cent – FT Alphaville
  • January Employment Report: 157,000 Jobs, 7.9% Unemployment Rate – Calculated Risk
  • Markit US Manufacturing PMI at 55.8 in Jan (flash 56.1), up from 54.0 in Dec – Markit
  • ISM Manufacturing index increases in January to 53.1, Consumer Sentiment improves – Calculated Risk

Europe:

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  • U.K. Bubble in House Prices Inflates further on BoE Credit Scheme – Business Week
  • Euro area unemployment at 11.7%, EU at 10.7% in December – European Union

Asia:

  • “China’s campaign of cyber attacks has reached epidemic proportions” – Foreign Policy
  • Stephen Roach: “China’s Last Soft Landing?” – Project Syndicate
  • China to crack down on banks’ Ponzi-style “fund pools” – Reuters
  • “Isn’t the Chinese property bubble obvious?” – International Financing Review
  • China’s steel mills face tax pressure – Financial Times
  • China’s Manufacturing Sustained Expansion in January: Economy – Bloomberg
  • What to make of the contradictory China manufacturing PMIs – FT Alphaville

Local:

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  • Since Dec 2010, Queensland’s working age population rose by 137 300 people, but employment only grew by 2 400 – Matt Cowgill 
  • Are we destroying our economy by going it alone on carbon pricing? – The Conversation
  • RBA to leave cash rate on hold next week say economists: Bloomberg – Property Observer
  • Could slowing down the pace of coal exports benefit the Australian economy? – The Conversation
  • Why stamp duty needs to go in favour of a broad-based land tax – The Drum
  • RBA weighs-up high dollar on rates – The Age

Other:

  • Why GDP Data Shouldn’t Be Interpreted in Ways that Support Keynesian Spending – cato.org