Links 1 July 2013

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Global Macro:

  • Tremors From the Fed’s Grand Experiment – CNBC

United States:

  • How Can America Become More Dynamic? – Forbes
  • North Las Vegas sued over plan to seize home mortgages – reviewjournal.com

Europe:

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  • German politics puts sand in cogs of EU machine – Financial Times
  • Former Anglo Irish Bank chief David Drumm apologizes on tapes, says inquiry needed on bank guarantee – irishcentral.com
  • Britain must stay in EU – The Telegraph
  • France to seek 14 billion euros in cuts next year: paper – Reuters
  • George Osborne’s Help to Buy scheme ‘a moronic policy’ – The Guardian

Asia:

  • New threats to China’s property bubble – Sober Look
  • Xi Says GDP Not Officials’ Sole Focus in Signal on Growth – Bloomberg
  • Why China’s Economy May Be Heading for a Crash – CNBC
  • China Foreign Debt Approaches $1 Trillion – Forbes
  • Korea – Ageing Gangnam-Style – fungglobalinstitute.org
  • Pollution-induced cancer on rise in China – Asia-pacific – aljazeera.com

Local:

  • Superannuation guarantee rises from today – The Advertiser. Prepare for less disposable income as employers adjust salary packages.
  • It’s time for a population plan – Canberra Times
  • Rudd’s triumph of style over substance – Business Spectator
  • Australia vulnerable as China commodity boom unwinds – The Age

Other:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.