Links 18 July 2013

Global Macro/Markets:

• Economic Riddles Could Reshape Fed’s Bond-Buying Exit – Wall Street Journal
• Despite Fears, Bond Market Is Functioning Fine – New York Times

North America:

• Bernanke, Semiannual Monetary Policy Report to the Congress – Federal Reserve
• Magnifying the Risk of Fire Sales in the Tri-Party Repo Market – New York Fed
• Housing Starts declined in June to 836,000 SAAR – Calculated Risk
• The Entire US Economic Debate In One Huge Slide – Business Insider
• Housing Starts in U.S. Unexpectedly Fall to Lowest in a Year – Bloomberg
• Real Wages Still Below June 2009 Level – Wall Street Journal

Europe:

• Wolfgang Schäuble and the Lonely Battle to Reform Europe – Der Spiegel
• Minutes – Bank of England

Asia:

• China’s Zhu Changhong Helps Steer Nation’s Currency Reserves – Wall Street Journal
• IMF urges China to implement reforms – Financial Times
• China ups US treasury holdings to record high – Yahoo
• China June FDI rises at fastest pace in more than two years – Reuters

Local:

• Why are Aussies losing interest in the environment – The Conversation
• Swan rejects recession fears – The AFR