Links 8 March 2013

Global Macro/Markets:

  • Dow 36,000 Is Attainable Again – Bloomberg
  • Nikkei rises above 12,000 for first time since September 08 – Reuters
  • Fiscal tipping points – Econbrowser

North America:

  • Oh, those house-crazy Canadian consumers – The Globe & Mail
  • Blasting Canada’s tightened mortgage rules – Edmonton Journal
  • Fed’s Q4 Flow of Funds: Household Mortgage Debt down $1.2 Trillion from Peak – Calculated Risk
  • No, the United States Will Never, Ever Turn Into Greece – The Atlantic


  • UK real wage falls – CNN
  • ECB: Introductory statement to the press conference – ECB
  • Sweden – a false icon for Thatcherites – Project Syndicate


  • “Why China’s property market is getting scary” – Global Post 
  • Fear of China bank crisis keeps Aberdeen alert – Asian Investor
  • Japan is braced for fight to hold on to the top job at the ADB – Financial Times
  • I ain’t afraid of no ghost cities – Wall Street Journal
  • Baosteel chief reports subdued outlook – Financial Times
  • Tokyo Reversing Two-Decade Slide in Office Rentals – Bloomberg
  • 8 questions for Michael Pettis, dean of the China bears, on his new book “The Great Rebalancing” – Wall Street Journal
  • Outgoing BoJ head rejects fresh call for monetary easing – Financial Times
  • China’s Richer-Than-Romney Lawmakers Show Xi’s Reform Challenge – Bloomberg


  • Is Victoria in recession? Short answer: no one knows – Matt Cowgill
  • Sign of the times: vacancies bite in Melbourne GPO – The Age
  • Weighing-up a broad-based land tax – Property Observer
  • New Victorian zoning rules to keep high-rise developers out of heritage suburbs – Property Observer
  • Victoria needs to ignore ratings agencies and increase debt for growth – The SMH
  • Greens call for super tax on big four banks – The SMH. At least charge them for government support.
  • PM faces 457 Visa revolt – The Australian
  • Concerns over iron ore index pricing – The AFR



  1. The Patrician

    Lots of Vic stories this morning.

    Everything up for grabs and on the table.

    Will the new administration dump the FHB grant on pre-existing homes to aid the ailing residential construction sector?

    Now might be a good time to wake-up HIA.