Global Macro/Markets:
- ‘Dr. Boom’? Roubini Sees Two Years of Stock Gains – CNBC
North America:
- Behind the Rise in House Prices, Wall Street Buyers – New York Times
- Weak income growth should hold back US consumer spending – Credit Writedowns
- Construction Spending in U.S. Increases on Private Building – Bloomberg
- The Fed and Inequality – New York Times
- Canadians still piling on consumer debt – but at a slower pace – The Globe and Mail
Europe:
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- Spain’s jobless total falls in May – BBC
- Spain’s Crisis Fades as Exports Lead the Way – Bloomberg
- Come to Germany to work and find love, British are told – The Telegraph
- Albert Edwards Blasts UK Mortgage Subsidy – Business Insider
- ECB backs away from use of ‘big bazooka’ to boost credit – Financial Times
- U.K. Recovery Signs Mount From Builders to Retailers: Economy – Bloomberg
- IMF tells France to step up reforms and contain public spending – Reuters
- London house prices: The parasitic city – The Economist
- IMF halves German 2013 growth forecast – The Telegraph
Asia:
- Chinese credit ratings expert sounds alarm bell on looming bond defaults later this year – Caixin
- Yen Strengthens Again, in Challenge for Abe – New York Times
- Beijing Caps Home Prices to Control Demand: Mortgages – Bloomberg
- Japan’s Market Skid Has Bulls Reeling – Wall Street Journal
- Japan Wages Gain in Boost for Abe’s Drive to Reflate Economy – Bloomberg
Local:
- RBA Sees Further Rate-Cut Scope as Aussie Remains High – Bloomberg
Other:
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- Austerity Does Not Help Unemployment. Stimulus Does – Slate
- The End Of The Welfare State by Michael Heller – Project Syndicate
- Does High Home-Ownership Impair the Labor Market? – nber.org
