Links 20 May 2013

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Global Macro/Markets:

  • Is This Another Bubble? We Can’t Know Without Better Data – Bloomberg
  • For Stock-Picking Advice, Dont Ask an Economist – New York Times
  • Some Perspective on the “Can’t Lose” Market – Pragmatic Capitalism
  • Fiscal prioritisation: Lessons from three wars – VOX

North America:

  • Secretary Lew Sends Debt Limit Letter to Congress – US Treasury
  • Fed Officials Looking Closely at Student Debt – Wall Street Journal
  • The persistent supply-side constraints in US housing – FT Alphaville
  • Fed has not lowered interest rates enough: Kocherlakota – Reuters
  • Too Much Talk About Liquidity – New York Times
  • Fed’s Kocherlakota Sees No Benefit to Financial Stability From Tighter Policy – Wall Street Journal
  • Americans Say Family of Four Needs Nearly $60K to “Get By” – gallup.com
  • University of Michigan May preliminary consumer sentiment 83.7 vs 78.0 expected – ForexLive
  • The 1 Percent Are Only Half the Problem – New York Times
  • Bernanke Says Pessimists Wrong as Innovation Spurs Growth – Bloomberg
  • Ben Bernanke on robots, lasers and the Great Stagnation – Washington Post

Europe:

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  • Possibility of Spanish downgrade looms over euro zone – Reuters
  • The Euro Crisis is Calming Down. Sell Euros. – Wall Street Journal
  • The ECB’s Liquidity Leak – Forbes
  • Europe Car Sales Post First Gain in 19 Months on Germany – Bloomberg
  • British Study Raises Warning on Scottish Banks – New York Times
  • The European Central Bank: Only the ECB can improve bank credit supply – The Economist
  • Spain Posts First Trade Surplus on Record – Bloomberg

Asia:

Local:

Other:

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  • 2013 Eurovision Song Contest (Grand Final) – eurovision.tv
  • Mount Everest Melting; Climate Change Likely To Blame, Say Researchers – Huffington Post
  • Location, Location, Location! – The Hottest Real Estate Markets On Earth – Forbes
  • Stephen King on the end of affluence: The battle over scarce resources – The Economist
  • Auckland housing plan likely to get snuffed out by inflated land costs – Interest.co.nz
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.