Global Macro/Markets:
- ‘Bernake will ruin the world’ – That’s what SocGen’s Albert Edwards reckons in this piece.
- Debate over whether the money printing is about to end – The Telegraph
North America:
- Politics Can’t Handle the Truth About Austerity – Bloomberg
- Welfare for the Wealthy – New York Times
- Will Mortgage Bonds Enter the Vortex? – Bloomberg
- Why Fed policy has been correct – Financial Times
- Better Late Than Never on Deeming Nonbanks Too Big to Fail – New York Times
- Rural US shrinks as young flee for the cities – Financial Times
- How Big Institutional Money Distorts Housing Prices – ZeroHedge
- FHA Losses Could Hit $115 Billion in Extreme Scenario – Wall Street Journal
Europe:
Advertisement
- The urgent need to recapitalise Europe’s banks – VOX
- Greece Wants to Slow Public Sector Layoffs to Avoid Unrest – Der Spiegel
- Euro zone GDP contraction slows in first quarter, April retail sales worse than forecast – Reuters
- Most Europeans, especially the French, unhappy about EU: survey – Reuters
- Eurozone recovery signs few and far between – Bloomberg Businessweek
- Blame the Germans – Michael Pettis argues excess German savings caused the European debt crisis.
Asia:
- Japan’s Abe targets income gains in growth strategy – Reuters
- In Search of Growth – Wall Street Journal
Local:
- Aussie Dollar Faces ‘Grave Danger’ – Wall Street Journal
- How ASIC’s attempt to block one website took down 250,000 – The SMH
- More of Australia now in recession – Canberra Times
- Bill Mitchell dissects yesterday’s GDP result – Bill Mitchell
Other:
Advertisement
- Should We Trust Economists? – Noah Smith – The Atlantic
- Bubbles: How I Learned to Stop Worrying and Love the Bond – pawelmorski.com
- Why innovation thrives in cities – mit.edu
