Links 10 April 2013

Global Macro/Markets:

• The Global Growth Quest by Mohamed A. El-Erian – Project Syndicate
• The New Great Rotation: Commodities into Bonds – The Big Picture
• Currency Wars vs. Currency Spillovers – Econbrowser

North America:

• Foreclosure Review Finds Potentially Widespread Errors – Huffington Post
• Estimate of US gas resources rises 26% – Financial Times
• Bernanke Says Interest on Reserves Would Be Main Tightening Tool – Bloomberg
• Hedge Funds Lobby D.C. On Fannie, Freddie Privatization – The Street
• America’s Most Profitable Export Is Cash – New York Times
• Bernanke Says Fed to Press Banks to Curb Liquidity Risk – Bloomberg
• Bernanke: You Know What Keeps Me Up At Night – Wall Street Journal
• Kill the 30-Year Mortgage – Bloomberg
• Easy Money: Fed Policies Spur Corporate Spending – Wall Street Journal

Europe:

• George Soros: A European Solution to the Eurozone’s Problem – Project Syndicate
• Thousands withdrew money from Cyprus before haircut, says report – ekathimerini.com
• Spiegel Suspects Deposits Haircut in Greece – greekreporter.com
• Did Thatcher Turn Britain Around? – New York Times
• How Margaret Thatcher Changed Britain – New Yorker

Asia:

• Fitch cuts China’s credit rating to AA- Financial Times
• Moody’s: Japan’s rating reflects affordability of government debt – Moody’s
• Japan’s Stimulus Generates Ripples – Wall Street Journal
• Japan stimulus will start currency war, say Chinese economists – scmp.com

Local:

• PM lands big one with China deal – The Age
• Expert calls Turnbull plan a lemon – The Age
• Opposition saves Labor’s bacon on NBN – The Age
• Copper, fibre, nodes, how to know best – The Age
• Businesses to benefit from $A-yuan deal – The AFR
• Coalition plans to slash car industry subsidies – The AFR
• Old flaws mar Abbott’s NBN – The Australian

Other:

• Let the Punishment Fit the Crime of the Recession – The Fiscal Times