Links 2 May 2013

Global Macro/Markets:

• Everything is rigged. The biggest financial scandal – Rolling Stone Magazine

North America:

• Where housing is headed – The Big Picture
• What Inflation? – Wall Street Journal
• Fed Seen Slowing Stimulus With QE Cut by End of This Year – Bloomberg
• No end in sight for Fed stimulus as inflation sags – Reuters

Europe:

• Will UK economic policy ever stop subsidising our banks and housing market? – Mindful Money
• UK house prices dip unexpectedly in April according to Nationwide – Reuters
• What part of the word failure don’t the Euro elite understand? – Bill Mitchell
• What the ECB can and cannot do to heal the eurozone – Financial Times
• ECB’s Mario Draghi faces narrowing options as economy stagnates – Financial Times
• UK manufacturing PMI data shows sector barely shrinking – BBC
• Greeks stage 24-hour anti-austerity general strike – BBC
• Banking Crisis Awakens Hopes for Reconciliation in Cyprus – Der Spiegel
• Slovakia’s prime minister slams austerity policies – Financial Times
• Analysis: Boosting European lending without banks – Reuters
• Who’s been buying Spanish debt? – marcmakingsense
• Is Germany edging towards the exit? – Business Spectator

Asia:

• Hey guess what — Abenomics is starting to work – Reformed Broker
• China: When it comes to disputes, think globally, act locally – The Diplomat
• China: Subprime for the masses – Financial Times
• China Manufacturing Weakens – Wall Street Journal
• China Manufacturing Gauge Signals Slowdown Persisting: Economy – Bloomberg
• Bird flu strain poses ‘serious’ risk – Financial Times
• Getting used to a slower pace of growth in China – BBC

Local:

• Australia’s ‘New Reality’ Sets In – Wall Street Journal
• Fiscal extremists will hurt the economy – Business Spectator
• Superannuation funds have seen the largest growth this financial year since before the GFC – The Daily Telegraph
• 10 ways to fill the budget hole in order of plausibility – The SMH
• Australia’s Busted Budget – The Diplomat
• Treasury halves projected carbon price – The AFR

Other:

• Political corruption and the ‘free trade’ racket – Al Jazeera
• Economic factors drive fertility rates – University of Missouri