Links 15 July 2013

Global Macro/Markets:

• Fundamentals and sovereign risk of emerging markets – VOX
• The Brighter Side of Decades of Disappointing Investment Returns – HBR

North America:

• Americans on food stamps – Washington Post
• No, Senator Warren, Let’s Make Banking Scary Again – Bloomberg
• US housing’s resilience – FT Alphaville
• Analysis – U.S. banks face profit lull as mortgage boom fizzles – Reuters
• CoreLogic: Nevada leads U.S. in home price increase – mynews3.com

Europe:

• Constitutional crisis pushes Portugal closer to the brink – The Telegraph
• British Banks ‘Bamboozled’ Government, Ex-BOE’s Jenkins Says – Bloomberg

Asia:

• Richard Koo Still Abenomics Skeptic; Sees Little Progress in Japan – valuewalk.com
• Chinese economy not to take hard landing – evernote.com

Local:

• Government to cut back industry assistance to make way for ETS – The AFR
• Surplus goal remains in new carbon plan – The Australian
• Moody’s warns of Australian banking collapse. AFR

Other

• A Huge Squeeze Is Being Put On Investors With Too Much Cash – Pragmatic Capitalism