Links 11 July 2013

Global Macro/Markets:

• Currency Wars: Hot or Cold? – frbatlanta.org
• Big banks and macroeconomic outcomes – VOX
• A Defense of Moderation in Monetary Policy – frbsf.org
• Quantitative easing and the curious case of the leaky bucket – Financial Times

North America:

• Bernanke, A Century of U.S. Central Banking: Goals, Frameworks, Accountability – Federal Reserve
• FRB: Press Release–Minutes of the Federal Open Market Committee, June 18-19, 2013 –July 10, 2013 – Federal Reserve
• Key Passages From Fed Minutes – Wall Street Journal
• How the SEC is enabling Wall Street’s fungal creep into Main Street – The Guardian
• Foreclosure Squeeze Crimps Las Vegas Real-Estate Market – Wall Street Journal
• The Great Wall of Texas: How the U.S. Is Repeating One of History’s Great Blunders – The Atlantic

Europe:

• The wheels are coming off the whole of southern Europe – The Telegraph
• Currency Controls in Cyprus Increase Worry About Euro System – New York Times
• ECB: Non-standard monetary policy measures: where do we stand? – European Union
• Moody’s: UK’s banking system outlook changed to stable from negative – Moody’s
• Europe’s rich ‘could face uprising similar to Peasants’ Revolt’ – The Telegraph

Asia:

• Why China’s June trade data are almost unremittingly bad – FT Alphaville
• China Exports Unexpectedly Drop With Imports in Drag on Economy – Bloomberg
• Why China will not buy the world – Financial Times
• ‘Abenomics’ Brings an IPO Flood – Wall Street Journal

Local:

• Bigger role ahead for super funds – The AFR
• Perth set for highest rents – The AFR
• RBA’s Debelle urges global bank review – The AFR
• The slow and painful Chinese burn – The AFR
• Holden seeks to double subsidy – The Australian
• Office market weak – The Australian
• Melbourne skyscraper plans cut back – The Age

Other:

• A place where the peak oil crowd gathered is no more – platts.com
• When the facts change, the IMF, er, won’t change its mind – The Telegraph