Links 28 June 2013

Global Macro/Markets:

• Don’t Panic as Bond Market Ship Not Sinking, Pimco’s Gross Says – Bloomberg
• The Tipping Point – PIMCO

North America:

• US government should look to France and increase its deficit – Bill Mitchell
• Immigration and Fiscal Policy – New York Times

Europe:

• “Germany and Finland worked hard to make it difficult for poorer countries to tap the euro-zone rescue fund” – Wall Street Journal
• European Union reaches deal on failed banks – Financial Times
• EU finance ministers reach draft deal on bank bailouts – BBC
• Europe Seeks to Shield Taxpayers From Bank Collapses – CNBC
• Eurocrisis Conversation with Barry Eichengreen – Re-Define
• Europe strikes deal to push cost of bank failure on investors – Reuters
• EU cracks down on market rigging – The Guardian

Asia:

• China’s savers flock to shadow-bank deposits in response to higher rates – Bloomberg
• Li’s Shock Treatment to China Lenders Evokes Ex-Reformer – Bloomberg
• Podcast: All about Abenomics – Noahpinion

Local:

• Citi forecasts of 3% rise in house prices before slight correction – Property Observer
• RP Data broadly agrees – Property Observer

Other

• Just how helpful is inflation? – Econbrowser
• Aggregate Supply, Aggregate Demand, and Coal – New York Times