Global Macro/Markets:
- Emerging markets displace Europe as fulcrum of world risk – The Telegraph
- Why Markets Have Been Rallying While Commodities Have Been Tanking – Business Insider
- BIS warns of dangers of cheap money driving up stock prices – Financial Times
North America:
- Edward Lazear: The Hidden Jobless Disaster – Wall Street Journal
- Higher Mortgage Rates Won’t Kill Housing Recovery – Wall Street Journal
- $1 Trillion Debt Crushes Business Dreams of U.S. Students – Bloomberg
- May job gains may be lower than expected – USA Today
Europe:
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- ECB: Monetary policy decisions – ECB
- French jobless rate climbs to highest level in 15 years – BBC
- IMF to Admit Mistakes on Greece Bailout – Wall Street Journal
- EU Hits Back at IMF Report – Wall Street Journal
- Eurozone crisis live: EC rejects criticism over Greek bailout – The Guardian
- The IMF Admits Serious Mistakes on Greek Bailout – Der Spiegel
- BoE leaves asset-buying total, rates unchanged – Reuters
- IMF Says Greece May Need Faster Debt Relief, Cites Own Mistakes – Bloomberg
- France should copy Germany’s reforms to thrive – Financial Times
Asia:
- Asian Stocks Slide to Lowest Since January on U.S. Data – Bloomberg
- China’s sense of superiority and injustice is a potent mix – Financial Times
- Abe unveils ‘third arrow’ reforms of low tax and deregulation – Financial Times
- China’s State Sector Strikes Back – China Real Time Report – Wall Street Journal
Local:
- Why the consumer has not reacted to rate cuts – Equilibrium Property
- Real estate agents’ tricks now open for inspection – The SMH
- Treasury has no idea. AFR
- That crazy Kouk nut. BS
Other:
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- Why capital gains should be taxed as income – Reuters