Links 27 May 2013

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Global Macro/Markets:

  • How Gold Rallied for Years on a ‘Misunderstanding’ – CNBC
  • The case for 4% inflation – VOX
  • Stock markets lose nerve on fears of end to quantitative easing – The Guardian
  • Warning signs at the punchbowl – The Age

North America:

  • Gold Drops as U.S. Growth Signs Fuel Concern Fed to Cut Stimulus – Bloomberg
  • Fed Sent $15 Billion to Treasury in First Quarter – Wall Street Journal
  • U.S. infrastructure spending has plummeted since 2008 – Washington Post
  • The new farm bill is an economic disaster – The Guardian
  • Homes going as quickly as they did during boom – HousingWire

Europe:

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  • George Osborne warned by IMF that cuts ‘pose headwinds’ to growth – The Guardian
  • Mark Carney: Canada’s rock-star banker faces four bars to success – The Guardian
  • Eastern Europe Recovery Hinges on Germany: Report – CNBC
  • Spain jobless restaurant customers work rather than pay the bill – euronews.com
  • Greek suicides are up 27%. These charts explain why – Quartz

Asia:

Local:

  • Mining support firms look for light – The Australian
  • The economy will continue motoring along (Gittins! bad) – The Age
  • Tax cuts tell true deficit story (Gittins! good) – The Age
  • Ford pullout sparks calls for protectionism – The Age
  • LNG costs risk $100 billion of projects – The AFR ; The Australian
  • US gas a challenge to Aussie economy – The AFR
  • CSG is the real future – The AFR
  • Building and construction boom may create skills shortage – The AFR
  • Coal, costs threaten to take the shine off gas – The Australian

Other:

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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.