Links 26 April 2013

Global Macro/Markets:

• Central Banks Load Up on Equities as Low Rates Kill Yields – Bloomberg
• Gold Rout for Central Banks Buying Most Since 1964: Commodities – Bloomberg
• Albert Edwards: Confidence In Policymakers Will Collapse, Hyperinflation Will Come, And Gold Will Go Above $10,000 – Business Insider

North America:

• Foreign Banks in U.S. Face Greater Restrictions – New York Times
• Fed Debate Moves From Tapering to Extending Bond Buying – Bloomberg
• Yellen’s Unemployment Focus Adopted by Bernanke Fed After Crisis – Bloomberg
• Rail traffic continues to soften in Q2 – Pragmatic Capitalism
• US mortgage market on state support – Financial Times
• NY Times profile of the economist who could soon be the world’s most powerful woman. Janet Yellen – New York Times

Europe:

• The UK economy in three charts – mainly macro
• SPEECH – Rehn: Financial stability and EMU 2.0 – European Union
• Merkel: ECB would have to raise rates if looking at Germany only – Reuters
• Bundesbank fighting against ECB bond purchases – ForexLive
• Fiscal pump-priming averts UK triple-dip – The Telegraph
• You can’t know where you are going, until you know where you’ve been – The Prodigal Greek
• Germany rejects joint EU bank deposit scheme-Merkel – Reuters
• Spain Jobless Rate Breaches 27% on Recession Woes – Bloomberg
• ECB: Saving the euro – ECB
• Spain’s economy is in tatters – Credit Writedowns
• “Unemployment Hits New Highs in Spain, France” – Wall Street Journal
• Buy-to-let landlords will be main beneficiaries of £80bn Bank of England lending boost – Daily Mail
• Euro may only last five years, says senior German government advisor – The Telegraph
• Poland seeks shale gas revolution – Financial Times
• Britain facing a Japanese-style lost decade – The Telegraph

Asia:

• Southeast Asia’s 2015 unity dream collides with reality – Reuters
• China’s Minsky-style debt – FT Alphaville
• Another Twist in the China-Japan Island Dispute – The Diplomat
• New regulations suggest a growing role for China’s civil society – The Diplomat
• Patience, Not Preemption, on the Korean Peninsula – The Diplomat

Local:

• Consumers lifting spending – The Age
• BHP looks offshore for cheap funding – The Age
• Housing loan defaults hurt QBE – The Age
• Labor’s budget black hole – the AFR
• Billions of tax breaks need rethink – The AFR
• Tax rises unavoidable as deficits loom – The AFR
• Big Four banks to book record profits – The AFR

Other:

• Reinhart-Rogoff a Week Later: Why Does This Matter? – Next New Deal