Links 2 April 2013

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Global Macro/Markets:

North America:

  • The “War on Savers” Myth – New Yorker
  • FRBSF Economic Letter: Unconventional Monetary Policy and the Dollar (2013-09, 4/1/2013) – frbsf.org
  • Investors Must Adjust to Season of Change for U.S. Economy – Wall Street Journal
  • ISM Manufacturing index declines in March to 51.3 – Calculated Risk
  • Manufacturing sector expansion slows in March: ISM – Reuters
  • Why It’s Still Hard to Get a Mortgage – Wall Street Journal
  • US should issue perpetual zero-coupon bonds – Breakingviews
  • The Remarkable Persistence of Long-Run U.S. Growth – Conversable Economist
  • Existing Home Inventory is up 6.5% year-to-date on April 1st – Calculated Risk

Europe:

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  • Why the Euro is Doomed in 4 Steps – Matthew O’Brien – The Atlantic
  • The Euro Is Destroying The European Union – Business Insider
  • After Cyprus, how many more crises can the euro survive? – The Guardian
  • Argentina ‘Greek Tragedy’ Nears End as Debt Ruling Looms – Bloomberg
  • Slovenia ‘will not be next Cyprus’ – The Telegraph
  • Analysis: Germany sees itself as Europe’s grown-up, children sullen – Reuters
  • Economics will catch up with the euro – Financial Times
  • Bank of England to become one of world’s most powerful central banks – The Guardian
  • French consumer recession worse than Italy’s; Euro area economy in trouble – Sober Look

Asia:

Local:

  • GST slump a hit to state finances – The Age
  • RBA rate cuts over for 2013 – The Age
  • Too many chiefs and not enough Indians in public service – The Australian
  • Resources sporn $71 billion mining equipment, technology & services sector – The Australian
  • The relationship between the government & banks not a happy one – The Australian
  • Simplify super by treating it like the family home – The AFR
  • NBN at war with contractors – The AFR
  • Henry expert slams Labor super threats – The AFR
  • Holden reveals $2.2 billion in government handouts – The AFR

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.