Links 12 March 2013

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Global Macro/Markets:

North America:

  • Canadian house prices to keep growing – TD Bank
  • Canadian brokers seek mortgage break for first-time home buyers – The Globe & Mail
  • Canadian Real Estate Association report to ramp-up housing anxiety – The Globe & Mail
  • Bernanke Provokes Mystery Over Fed Stimulus Exit – Bloomberg
  • What’s Fueling the Housing Boom in Vegas? – CNBC

Europe:

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  • UK’s Parliamentary Commission on Banking Standards criticises proposed new laws esp on 3% leverage ratio as too weak – Financial Times
  • The economic depression in Greece is frightening, and getting worse – Yiannis Mouzakis
  • One in four Germans would back anti-euro party – Reuters
  • German Exports Increased More Than Forecast in January – Bloomberg
  • Banks saved, but Europe risks losing a generation – Reuters
  • ECB: The nature and significance of Banking Union – European Union
  • British Proposal to Rein In Banks Is Faulted – New York Times
  • Germany’s anti-euro party is a nasty shock for Angela Merkel – The Telegraph

Asia:

  • Market Wheels in Motion for Chinese Railway Reform – Caixin
  • China’s sluggish, narrow-based recovery – FT Alphaville
  • “China’s Economic Data Show Weakest Start Since 2009” – Bloomberg
  • Lower GDP Target Is Necessary, CASS Economist Says – Caixin
  • New rules may ease China pollution, but won’t solve steel overcapacity – Reuters
  • Productivity improves but no one notices – Ross Gittens
  • Chinese working to develop shale gas, but problems abound – Reuters
  • China instructs its media “not to report on structural reform of State Council without permission” – China Digital Times
  • Future of China Railways Ministry’s US$426bn debt unclear – Want China Times
  • “Spot China’s ‘Hot Money’ Time-Bomb” – Zero Hedge

Local:

  • Aust labour underutilisation – Bill Mitchell
  • RBA dismisses claims about successful hacking of its systems – RBA
  • “Jobs have wearied the aged worker” – Business Spectator
  • The professor vs the banks – The SMH
  • CSR to close Sydney glass factories – Yahoo Finance
  • Wage rises are a cost to jobs – The Australian
  • Super won’t be enough – The AFR
  • Bloxo bats for the RBA: High dollar driving lean corporates – The SMH

Other:

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  • How financial markets are growing detached from well-being – Project Syndicate
  • Research ties economic inequality to gap in life expectancy – Washington Post