Global Macro/Markets:
- The prophecies of maestrodamus. Krugman
North America:
- Detroit prepares to file for bankruptcy. FREEP
- Larry Summers billion dollar bad bet. Bloomberg
- Flipping is back! CNBC
- Banks go misfit prime. Bloomberg
- Fab Fab trial in trouble already. HP
- US’s prudent consumers. Bloomberg
- Jobless claims fall sharply. Reuters
Europe:
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- Opinion: Why Greece Should Be Given a Debt Haircut Now – Der Spiegel
- ECB further reviews its risk control framework allowing for a new treatment of asset-backed securities – European Union
- Britain is returning to a rentier society fit for a new royal – Financial Times
Asia:
- More People Think China Will Eclipse U.S., New Pew Poll Shows – Wall Street Journal
- Japan’s ‘kamikaze’ economics risk Asia debt crisis – Market Watch
- Japan survey ships prepare for deployment, tension with China rises – Reuters
- China is building mega cities, but they remain empty – News.com.au
Local:
- Colonial rule: Why Aussies, Kiwis and Canadians are running Britain – The Spectator
- Dealing with Australia’s housing pain – Inside Story
- Economic outlook stable, but challenges ahead – The AFR
- Carr offers olive branch on car tax plan – The Age
- Rent seekers cry foul over changes to car FBT – The Australian
Other:
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- Peak Oil: Still Dead – texaspolicy.com
- Is Economics a Science or a Religion? – Bloomberg
