Links 10 July 2013

Global Macro/Markets:

• Can the Fed actually control interest rates? – Pragmatic Capitalism
• Ken Rogoff thinks gold is a volatile investment, but it’s still worth buying – Project Syndicate
• Jim Rogers says gold to $900 – Business Insider
• Let’s Talk about Oil – Atlanta Fed macroblog
• Global PMI Data June 2013 – Avondale Asset Management

North America:

• America Is No Longer the Most Obese Country in the World – Gawker
• Nearly 1 in 6 Americans Receives Food Stamps – WSJ Real Time Economics
• Consumer credit rises by most in a year – Reuters

Europe:

• UK House-Price Index Rises as Demand at Four-Year High – Bloomberg
• NOMURA: Storm Clouds Are Gathering In Spain Again – Business Insider
• EU Structural Reform Not Always Drag on Growth: Video – Bloomberg
• U.K. Factory Output Puts Damper on Recovery – Wall Street Journal

Asia:

• China faces a difficult credit bubble workout – Financial Times
• China Inflation Data Underscore Weak Economy – New York Times
• In New Forecasts, Even China Bulls Slow to a Trot – Wall Street Journal
• Urbanisation and migration externalities in China – VOX
• Pollution Leads to Drop in Life Span in Northern China, Study Finds – New York Times
• China’s coal pollution is much deadlier than anyone realized – Washington Post

Local:

• Are we approaching a gas price crisis? – Business Spectator
• Australia’s “change” of government inherits old destructive narratives – Bill Mitchell
• Resources Minister Gary Gray calls for greater gas exploitation – The AFR

Other:

• The wastefulness of automation. – Coppola Comment