Links 20 March 2013

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Global Macro/Markets:

  • Central banks want Libor replaced with several rates – Reuters
  • John Taylor’s austerity model – Noahpinion

North America:

  • The public, investors mostly ignoring the sequester budget cuts – Sober Look
  • Workers Saving Too Little to Retire – Wall Street Journal
  • Canada’s spiraling provincial debt – Macleans

Europe:

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  • What did the ECB tell Cyprus? – FT Alphaville
  • Cyprus on brink of default and banking collapse as parliament prepares to reject deposit tax – Reuters
  • Latest Cyprus proposal exempts deposits of up to 20,000 euros from bank levy – Wall Street Journal
  • Daylight robbery in Cyprus will come to haunt EMU – The Telegraph
  • Euro-zone bank sector assets as proportion of countrys GDP – Twitter Pic

Asia:

Local:

Other:

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  • NZGreens say we need deposit guarantees to stop ending up like Cyprus – NZ Herald
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.