Links 28 May 2013

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Global Macro/Markets:

  • Economic reality finally cracks market fervor – Reuters
  • Reinhart and Rogoff defend themselves – Econbrowser

North America:

  • Larry Summers has an edge in the race to head the Federal Reserve – Financial Times
  • The Obamacare Shock – New York Times
  • Californias New Problem – Too Much Money – New York Times
  • Stiglitz Says Premature for Fed to Reduce U.S. Monetary Stimulus – Bloomberg
  • The US and the Euro-crisis: Lessons from a comparison – Opinion – Al Jazeera English

Europe:

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  • Inequality, poverty and the recession – Touchstoneblog.org.uk
  • German Government to Test Stimulus Instead of Austerity – Der Spiegel
  • Spain opens EU doors to Chinese in attempt to boost its housing market – The Times
  • China Builds EU Beachhead With $5 Billion City in Belarus – Bloomberg
  • ECB offers to help rethink EU plans on ‘Robin Hood tax’ – Financial Times
  • Sweden Riots Put Faces to Statistics as Stockholm Burns – Bloomberg
  • Europe’s future looks more Japanese than German – Financial Times
  • Britain is a lab rat for George Osborne’s austerity programme experiment – The Guardian

Asia:

  • Asian Stocks Drop as Yen Rises Amid China Growth Concern – Bloomberg
  • Wage Growth Slows for China’s Migrant Workers – Wall Street Journal
  • Interpreting the Chinese Dream – www.cnn.com
  • Freeport to restart Indonesia open-pit mining soon: government official – Reuters
  • BOJ’s Kuroda Says Pain From Bond Yield Rise Is Manageable – CNBC
  • BOJ Minutes Highlight Concern That 2% Price Goal May Be Elusive – Bloomberg

Local:

Other:

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  • The myth of debt – UCL
  • Updated income distribution data from the OECD – OECD
  • Why worrying about food miles is missing the point – The Guardian
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.