Links 22 April 2013

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Global Macro/Markets:

  • Reinhart/Rogoff-gate isn’t the first time austerians have used bad data – Washington Post
  • Why the Reinhart-Rogoff paper was flawed right from the start – Credit Writedowns
  • Other Austerity Bloopers – New York Times
  • The IMF needs to overcome its bipolar personality – Fortune
  • Have the inflation-paranoid capitulated? – Financial Times
  • Gold slide flashes warning signs for global economy – Reuters

North America:

Europe:

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  • Why can’t the IMF face up to the truth about the failing euro? – The Telegraph
  • Greece, Cyprus May Be Forced to Exit Euro: Citi – CNBC
  • Fitch strips UK of its AAA credit rating – Business Insider
  • Greece’s great fire sale – The Telegraph
  • This Is Europe’s Growth Plan, And It’s Pathetic – Business Insider
  • Fischer Urges Europe to Take Bank Issues Seriously: Video – Bloomberg
  • Does David Cameron have the stomach for a fight like Lady Thatcher did? – The Telegraph
  • Weak growth torments Osborne – Sunday Times

Asia:

  • Japan’s Inflation Propaganda And Why The BoJ Better Hope It’s Not Successful – ZeroHedge
  • Northeast Asia’s Free Trade Dream – The Diplomat
  • The Bullies of Beijing: ’s Image Problem – The Diplomat

Local:

  • The major banks were leveraged 60-90 times their capital when it comes to home loan lending – The AFR
  • The housing bubble is real, but it’s not due to pop – The Canberra Times

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.