Links 4 April 2013

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Global Macro/Markets:

North America:

  • How the Fed fueled an explosion in subprime auto loans – Reuters
  • Obama administration pushes banks to make home loans to people with weaker credit – Washington Post

Europe:

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Asia:

  • WMPs and China’s shadow banking whack-a-mole game – FT Alphaville
  • Korean tension and the market: charted – Financial Times
  • Andy Xie Column: The BRICS Countries Take Their Turn at Bat – Caixin
  • China confirms more bird flu cases – Financial Times
  • China regulator wants stronger supervision of financial products – Reuters
  • China’s fishy data exposed – The Age

Local:

  • Will Abbott really ‘axe the tax’? – Business Spectator
  • WTF? Rail freight industry pays carbon tax but road freight doesn’t – ARA
  • Stopping leakage of funds to rich is a super idea – The Age
  • Super pain, little gain for Labor – The Australian
  • Rio to sell coal operations – The Australian
  • Mining tax a mystery: Treasury – The Age
  • Housing recovery far from home and hosed – The AFR

Other:

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  • The Great British class calculator: What class are you? – BBC
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.