Links 25 June 2013

Global Macro/Markets:

• Gold Wagers Slump as $54 Billion Erased From Funds: Commodities – Bloomberg
• Goldman On How The Fed Can Improve The Exit – Business Insider
• When the Ben and Beijing party comes to an end – Reuters
• Pimco’s Gross Shifts Family Holdings in Bond Market Rout – Bloomberg

North America:

• Banks Present Own Crisis Plan to Fed – Wall Street Journal
• Morgan Stanley Could Fall Short of Capital Rules, Goldman Says – Bloomberg
• Despite Fed, Cost of Consumer Borrowing Could Rise – CNBC
• 76% of Americans are living paycheck-to-paycheck – CNNMoney

Europe:

• Europe is ignoring the scale of bank losses – Financial Times
• Saving for retirement is ‘a losing game’ – Financial Times
• EU banks warns regulation leading to higher funding costs – Financial Times

Asia:

• PBoC says banks can just deal with it – FT Alphaville
• PBoC breaks silence over China cash crunch – Financial Times
• China’s War with Japan, by Rana Mitter – review – spectator.co.uk
• About those mid-tier Weapons of Mass Ponzi in China – FT Alphaville
• China’s liquidity crunch, and what it means for everyone – FT Alphaville
• Stocks Fall With China in Bear Market as Bonds Decline – Bloomberg

Local:

• GM to cease Aussie manufacturing unless labour agreement reached in six weeks – Business Spectator
• Competition, turf wars and the the economics of the cab – ABC
• Taxi licence holders on hunger strike – The Age
• Aust bonds weaken as hedge funds sell up – The Australian

Other

• Rates, rents, shares, and capital theory – Worthwhile Canadian Initiative
• Krugman on Rents – underbelly-buce.blogspot.com