Links 12 June 2013

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Global Macro/Markets:

North America:

Europe:

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  • Regrets, IMF had a few – Financial Times
  • The Wilder View » Unhealthy developments across the euro area labour market – EconoMonitor
  • Eurozone banks cut cross-border debt holdings – Financial Times
  • ECB will not buy bonds to save profligate states: Draghi – Reuters
  • Pay has shrunk by 10% in parts of UK, TUC study finds – BBC
  • Downside Risks To European Growth Have Increased, Stay Bearish EUR – SocGen

Asia:

Local:

  • Can Australia’s rapid rate of housing sales be maintained: Cameron Kusher – Property Observer
  • Permanently high plateau or a bubble about to burst: Phillip Soos – Business Spectator
  • New media baron: Ian Verrender abandons “hard questions” for pro-property puff pieces – Business Spectator

Other:

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  • How the young are shut out of owning a home – NZ herald
  • Rise in shale oil boosts global crude supply estimate -U.S. EIA – Reuters
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.