Global Macro/Markets:
- Gold, long a secure investment, loses its luster NYT
- And the ETF story BI Oz
- IMF Trims US Growh outlook in draft report citing fiscal cuts Bloomberg
North America:
- Retail sales down 0.4% in March Calculated Risk
- Producer prices post biggest drop in 10 months Reuters, consumer confidence was ugly too at 9 month low.
- JC Penney, bleeding cash, seeks to raise $1 billion WSJ
- Congressman Grayson asks for investigation into Fed FOMC leak Washington’s Blog
- The stock of Federal investment Conversable economist
Europe:
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- European finance minsters reach agreement on Irish debt deal Irish Times
- Portugal is also getting a 7 year extension MNI, but not before even more fiscal cuts Yahoo
- Eurogroup statement on Cyprus EC
- More leaked Cyprus documents: first tranche €3bn Brussels Blog
- Cyprus deal hurts credibility all round WSJ
- Another way of thinking about the European economic collapse Marginal Revolution
- Troika demands another €6 billion from Cyprus, making “rescue” bigger than GDP Naked Capitalism
- Portugal generated 70% of energy from renewable sources in Q1 Oil price
- Van Rompuy on tax evasion EC
Asia:
- Inflation in Japan, mission (partly) accomplished FTAlphaville
- The significance of China’s surprise this week Marc to Market
- Japan govt must keep economic promises: BoJ chief France 24
Local:
- Treasury sounds alarm over China’s financial liberalisation plans AFR
- Wages, dollar killed LNG Plan: Libs The Oz
- Crean slams PM in show of defiance SMH
- Value for money puts apartments ahead of houses Domain
- The great super scam Chris Joye
Other:
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- German held trying to smuggle ton of gold,silver out of Greece Ekathimerini , actually it was only 8kg
- Never mind facebook; Winklevoss twins rule in Digital Money NYT
- Does the stock market really return 7% per year? Crossing Wall Street
- Suprising photos of a rapidly urbanising Africa Foreign Policy
- The promise of Ripple Felix Salmon
- Building a beginner portfolio Big Picture