Global Macro/Markets:
- After the Gold Rush by Nouriel Roubini – Project Syndicate
- SCHIFF: The Great Reflation – google.com
- Peter Schiff doubles down on Doomsday views – Capitol Report – MarketWatch
- Treasuries Loss Is Biggest in 3 Years as Fed Considers Tapering – Bloomberg
North America:
- Little Cause for Inflation Worries – New York Times
- The American Consumer is Not Okay by Stephen S. Roach – Project Syndicate
- Final May Consumer Sentiment increases to 84.5, Chicago PMI increases sharply to 58.7 – Calculated Risk
- What Sequester? Washington Booms As a New Gilded Age Takes Root – Wall Street Journal
- The “tax break state” and the way the US tax code favours the well-off – Washington Post
- Was Mark Carney as good as advertised? – Macleans.ca
Europe:
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- Tough Times Still Ahead for Euro Zone – Wall Street Journal
- Europe’s Record Youth Unemployment: The Scariest Graph in the World Just Got Scarier – The Atlantic
- Paris, Berlin look to shake up euro zone leadership – Reuters
- The beginning of the end for Eurozone austerity? – Financial Times
- We need to talk about unemployment – Inside Greece
- Euro-Area Jobless Rate Rises to Record Amid Recession: Economy – Bloomberg
- Anti-austerity protests: Spain, Germany, Portugal – Bloomberg Businessweek
- How did Germany become the new champion of Europe? – The Guardian
- The IMF – Swedish households pay their mortgages so slowly that they are planning to do an average of 140 yrs – Mish
Asia:
- Japan’s problems could make the eurozone’s look like a garden party – The Telegraph
- China’s Growing Ranks of Elderly Beset by Depression, Study Says – Bloomberg
- Chinas Economic Empire – New York Times
- Chinese navy begins US economic zone patrols – Financial Times
- Can FTAs support ‘Factory Asia’? – eastasiaforum.org
- Moral hazard and the dangers of trust financing in China – China Economic Review
- Struggling Korean builders tell employees to show loyalty: buy apartments – Reuters
Local:
- International students taken to the cleaners – The Age
- The Great Stagnation in Australia – The Money Illusion
- Participation – the lost “P” in rising living standards – The Australian
- Why you are never too old for the banks (in case you missed it) – The Age
- How CBA lost savings, hid its tracks – The Age
Other:
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- My verdict on NGDP Targets – mainly macro
- Supply-side vs. demand-side recessions – Noahpinion
- Record asking prices for NZ houses in May, low supply – Interest.co.nz
