Global Macro/Markets:
- Austerity: the history of a dangerous idea – The New Yorker
- ‘Recessions Hurt, but Austerity Kills’: Study – CNBC
- The banking crisis as a giant carry trade gone wrong – VOX
- Don’t fear the bubble – Reuters
- Are we living in a time of asset bubbles? – Marginal Revolution
- Fears grow over EM sovereign bond bubble – Financial Times
- BRICS risk ‘sudden stop’ as dollar rally builds – The Telegraph
North America:
- Why US corporations should pay more tax – The Economist
- How Apple dodges paying corporate taxes – New York Times
- Creative destruction goes MIA in the US – Bloomberg
- Cash Piles Up as U.S. CEOs Play Safe With Slow-Growth Economy – Bloomberg
- Stop celebrating our falling deficits – Washington Post
- Falling inflation complicates the Fed’s QE exit plan – Financial Times
Europe:
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- ECB seeks new tools while Fed toys with exit – Reuters
- Shrinking eurozone output suggests recession in second quarter – Financial Times
- Austerity in the Eurozone and the UK: Kill or Cure? – Financial Times
- Eurozone Flash PMI Still Contracting – Business Insider
- U.K. Economy Grows 0.3% on Inventories, Consumer Spending – Bloomberg
- European Leaders Saying No to Austerity – Bloomberg
Asia:
- Japanese Shares Extend Biggest Drop in Seven Weeks on Yen – Bloomberg
- Japanese Stocks Fall Sharply – Wall Street Journal
- Small investors lead Japan share exodus – Financial Times
- Japan Bond Yields Spike—10-Year Hits 1% – CNBC
- Japan’s mini crash: Blame China, not just Ben – Financial Times
- What goes up must come down, Japan version – Financial Times
- China HSBC flash PMI hits 7-mth low, fans growth fears – Reuters
- Japan’s Stock Market Falls 7% – Business Insider
- Asian Stocks Plunge on China PMI as Japan Shares Plummet – Bloomberg
Local:
- Treasury ToT projections assume a new normal – The AFR
- Ford exit a reality check for Aussie manufacturing – The Conversation