Weekend Links June 1-2

Global Macro/Markets:

• Rethinking macroeconomic policy: Getting granular – VOX
• Brazil faces 1970s stagflation as resource boom wilts – Ambrose Evans-Pritchard
• Emerging-Market FX Gets Ugly. Very Ugly. – Wall Street Journal

North America:

• Sell U.S. Treasuries Before They ’Crash,’ Bank of America Says – Bloomberg
• Social Security trust fund to run dry in 2033 – MarketWatch
• Final May Consumer Sentiment increases to 84.5, Chicago PMI increases sharply to 58.7 – Calculated Risk

Europe:

• Tough Times Still Ahead for Euro Zone – Wall Street Journal, Gaurdian
• EFSF transfers €7.2 bn to Greece for recapitalisation of the banking sector – European Union
• Northern Ireland Town Fakes Prosperity for G8 Summit- PRI
• Italian Unemployment Soars WAY Beyond Expectations And Hits An All-Time High – BI
• Austerity, the Gold Standard and the Eurozone: Today’s Guardian Editorial – Yanis Varoufakis
• EIB says would consider backing Cyprus LNG terminal Reuters
• Paris, Berlin look to shake up euro zone leadership – Reuters
• Euro-Zone Bailouts Leave Public Creditors at a Loss – Wall Street Journal

Asia:

• IMF warns over yen weakness Financial Times
• China’s failure to grow with $1trn is a warning to Li Bloomberg

Local:

• Libs put NBN chief on notice The Oz
• Weakening price puts pressure on Rio and Fortescue AFR
• Profit above all else: How CBA lost savings and hid its tracks SMH
• Axing carbon tax a grey vote winner The Oz
• Symonds got $190m from CBA for Ozzie AFR
• Hawke calls on leaders to strive for new accord TheOZ
• Lower consumer sentiment could see housing market repercussions PropertyObserver