Links 9 April 2013

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Global Macro/Markets:

North America:

  • Structural Employment Problems – The Big Picture
  • Productivity, “reindustrialisation” and the US profit share – FT Alphaville
  • Weak Jobs Report Is Sign of Weak Jobs Report. Period – Bloomberg
  • Labor Force Participation Rate Update – Calculated Risk
  • Fed Faces Risk of Fourth Summer Slump While Pushing QE – Bloomberg

Europe:

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  • The Thatcher era in context: unemployment 1971-2013 – Twitter Pic
  • Thatcher: ‘Iron lady’ who changed Britain – Financial Times
  • France Has Its Own Currency Again – New York Times
  • Spanish bankruptcies hit record in first quarter of 2013 – Reuters

Asia:

  • Plenty of Things to Worry About in China, Bird Flu Is Not One – The Daily Ticker
  • On the economic comeback trail? Japan & America – The Diplomat
  • China is expected to become the world’s largest oil importer in 2014 – The Diplomat
  • What Does North Korea Want? – The Diplomat
  • Abenomics: now the hard part – The Diplomat
  • Be excited, be, be excited: BoJ edition – FT Alphaville
  • Deutsche Bank estimates China’s air quality will worsen 70% by 2025 from the current unbearable levels – Financial Times
  • Japan shifting investment focus from China to India – Financial Times
  • Why Japan is the most interesting story in global economics right now – Washington Post
  • China May Start Yuan-Australian Dollar Direct Trading – Wall Street Journal

Local:

  • Hospital projects concern as Buildplan struggles – The Age
  • PM Julia Gillard hopes to deepen Australia’s ties with China – Business Spectator
  • Holden “cannot guarantee jobs” – The Australian
  • Automotive pride comes at a price – The Age
  • Abbott’s plan too short on details – The Age
  • Abbott scaled-down NBN to cost $17 billion – The AFR
  • China’s urbanisation trend points to healthy iron ore outlook – The AFR
  • Mining tax won’t lift budget for years – The AFR

Other:

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  • Auckland property bubble worrying RBNZ – Radio NZ
  • Inequality and monetary policy – FT Alphaville
  • The Pacific Alliance and why it matters – Financial Times
  • Where Bank Regulators Go to Get Rich – Bloomberg
  • Margaret Thatcher: The lady who changed the world – The Economist
  • Beware of Economists Peddling Elegant Models – Bloomberg
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.