Links 11 April 2013

Global Macro/Markets:

• Inflation-adjusted S&P earnings from 1900 to today – Twitter Pic
• The Market is Rigged – Points and Figures – Points and Figures
• Goldman Cuts Gold Price Forecast Through 2014 as Cycle Turns – Bloomberg
• Goldman advises to short gold – FT Alphaville
• Fed minutes show clear divisions over QE duration – MarketWatch
• The Use and Abuse of Monetary History by Barry Eichengreen – Project Syndicate
• WTO cuts 2013 global trade forecast – The Age

North America:

• New study puts US natural gas reserves up 26% — equal to 110 years of current demand — on the back of shale boom – Financial Times
• America’s New Energy Boom Is Bust for Foreign Suppliers – Wall Street Journal
• Why Canada Can Avoid Banking Crises and U.S. Can’t – Wall Street Journal

Europe:

• Who’s the eurozone’s poorest, really? – FT Alphaville
• EU mulls bank law to impose losses on depositors – Reuters
• Germany says MOU on Cyprus bailout is ready – Reuters
• EU Mulls Imposing Losses on Short-Term Interbank Deposits When Banks Fail – Wall Street Journal
• Quarter of Germans ‘want to drop the euro’ – The Telegraph
• Cyprus Can Save Itself by Fleeing the Euro – Bloomberg

Asia:

• China’s high speed rail network has accumulated $419.8 billion in debt, former Chief charged in corruption – Bloomberg
• A Rush to Sell Gold in Japan – Wall Street Journal
• Philippines exports raise warning sign over broader growth – Financial Times
• China’s Next Challenge: “Health Drain” – The Diplomat

Local:

• BHP prepares for ‘moderated’ China growth – Financial Times
• Rio Tinto Reviews Three Projects – Wall Street Journal
• “The Indices of Relative Advantage and Disadvantage” – Grogs Gamut
• Australian coal miners and Japanese utilities re-start talks for annual thermal coal contracts – Financial Times
• Labor’s $114 billion fast train on track – The Australian
• Business hit by new dollar peak – The AFR
• Push to strip miners of tax breaks – The AFR
• Hockey proposes 50-year government bonds – The AFR

Other:

• “The world has just woken up and said, ‘We need land!” – Wall Street Journal