Links 22 March 2013

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Global Macro/Markets:

North America:

  • President Obama and Dodd-Frank: Why Won’t He Defend It? – New Republic
  • US Flash PMI rises to 54.9 – Markit
  • Here’s what’s holding up a gun bill – Washington Post
  • Visual History America’s Rise And Fall – Business Insider
  • Existing-Home Sales and Prices Continue to Rise in February – realtor.org
  • March 2013 Business Outlook Survey – Indicators Suggest Decline in Activity – Philadelphia Fed
  • U.S. house prices up 0.6% in January: FHFA – MarketWatch
  • Jobless claims point to layoffs at lowest level since 2008 – Mar. 21, 2013 – CNNMoney

Europe:

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  • Euro zone call notes reveal extent of alarm over Cyprus – Reuters
  • Statement of the Eurogroup President on Cyprus – Eurozone – European Union
  • Eurogroup Chief Takes Some Blame for Cyprus Crisis – New York Times
  • Turkey may challenge Cypriot use of gas reserves in bailout – Reuters
  • Is Slovenia the next shoe to drop? – Reuters
  • ECB gives Cyprus bailout ultimatum, banks face cutoff – Reuters
  • Cyprus: The Sum of All FUBAR – New York Times
  • Cypriots prefer euro-zone exit over EU tax: report – MarketWatch
  • Cypriot banks facing winding-up if no levy agreed – senior official – Reuters
  • EU to Curb Banker Bonuses After Clinching Basel III Deal – Bloomberg
  • Forget Spain and Italy. It’s France that’s Greece-ifying before our very eyes – Quartz
  • Big-Project Binge Fueled Motor City’s Meltdown – Bloomberg
  • Age of UK Austerity is over so let’s enjoy a good old housing boom – Reuters
  • Britain’s budget in eight charts – The Guardian
  • Britain’s obsession with house prices will ruin us all – MoneyWeek
  • 7 reasons why Osborne’s housing subsidy is a really bad idea – Planet Property
  • Osborne’s gambled on the wrong policy – City Jam

Asia:

Local:

  • Blood letting after Labor farce – The AFR
  • ANZ sees next growth phase at home – The AFR
  • Skyscrapers loom large on Melbourne’s horizon – The AFR
  • Now’s the time to buy a house – The Age

Other:

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  • Tales from the “Fake Wealth Effect” – The Reformed Broker
  • A Problem Google Has Created for Itself – James Fallows – The Atlantic
  • Knives out for auditors as class actions go global – Reuters
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.