Links 26 March 2013

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ScreenHunter_01 Apr. 02 06.19

Global Macro/Markets:

North America:

Europe:

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  • Cyprus Gets New Bailout Deal – Wall Street Journal
  • Cyprus told: take bank levy or leave euro – The Guardian
  • Cyprus to shrink banking sector under new deal – Der Spiegel
  • After Cyprus, eurozone faces tough bank regime – Reuters
  • Cyprus to be model for future bailouts – Financial Times
  • Seen From Greece, Great Depression Looks Good – New York Times
  • Huge public debt: bad. Huge private debt: excellent. Osborne uses Britons as economic cannon fodder – The Guardian
  • Economic advisers to German gov’t cut 2013 growth forecast – Reuters

Asia:

  • 1,000 dead ducks pulled from a river in Sichuan, China – BBC. Follows hundreds of dead pigs found in waterways.
  • The Reserve Bank of India has eased rates for the second time this year. Will strong growth return? – The Diplomat
  • The human face of China’s housing bubble – The Atlantic
  • FRBSF Economic Letter: On the Reliability of Chinese Output Figures – frbsf.org
  • NDRC chief says China’s steel output to plateau this year – Wall Street Journal
  • China’s hidden liabilities – The AFR

Local:

  • Stouch over local benefits and Labor values – ABC
  • Miners heap demands on new Aust resources minister – Business Spectator
  • Audio on Doug Cameron’s push for more tax – Peter Martin
  • Crean’s super cash grab warning – The AFR
  • $10 billion budget defits likely in years ahead – The AFR
  • Labor staring at landslide defeat – The Australian
  • Need roads and rail? – borrow and build – The Age
  • Hauling in the sprawl – The Age

Other:

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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.