Links 12 July 2013

Global Macro/Markets:

• Why Is Everyone Freaking About Bonds? – jerrykhachoyan.com

North America:

• Larry Kudlow: Bernanke Was Right and I Was Wrong About Inflation – Yahoo
• From Minutes To Bernanke – Economist’s View
• A Call to Battle on Bank Leverage – New York Times
• Obama is laying the foundations of a dystopian future – Financial Times
• Bernanke Backs Stimulus for Foreseeable Future Amid QE Debate – Bloomberg
• On Manufacturing and Innovation – Huffington Post

Europe:

• ECB: Reviving credit growth in the euro area – European Union
• Blurring the euro and EU single market is a good recipe for Brexit – The Telegraph
• Review & Outlook: The EU Explains Itself – Wall Street Journal
• Portugal political crisis deepens – Reuters
• UK House prices ‘will not recover until 2021’ – The Telegraph

Asia:

• Unintended consequences made the PBOC’s strategy fail to work – ineteconomics.org
• Chinese banks lend aggressively in early July, risking another crackdown – Reuters
• BoJ says Japanese economy is ‘recovering’ – Financial Times
• China May Soften Policy as Li Talks of Growth Floor, Nomura Says – Bloomberg

Local:

• Roy Hill rocking. AFR
• PM has Abbott on back foot. AFR
• Nothing to suggest real shift. The Oz
• Rudd channels Hawk. Peter Martin

Other:

• What Is Bank Capital, Anyway? – New York Times
• Are private schools really better? Not for everybody and not everywhere – VOX
• After a Golden Decade, Can Latin America Keep Its Luster? – imf.org