Links 22 July 2013

Global Macro/Markets:

• When is the time for austerity? – VOX
• Commodity hedge funds suffer longest losing streak on record – Reuters
• Growth before austerity for G20 – The AFR

North America:

• Existing Home Sales: Expect Below Consensus Sales – Calculated Risk
• Does Dodd-Frank work? We asked 16 experts to find out – Washington Post
• Fed rethinks move allowing banks to trade physical commodities – Reuters
• Detroit Bankruptcy Likely to Spark a Pension Brawl – Wall Street Journal
• The Fed Succession – New York Times
• US Sees Largest Weekly Equity Inflow Since June 2008 – Business Insider

Europe:

• European Banks Brace for Losses on Detroit – Wall Street Journal
• Euro gains currency among criminals – Reuters
• UK eats its young on housing – The Guardian

Asia:

• How Much Should We Worry About A China Shock? – New York Times
• Will China’s slowing growth lead to unrest? – Reuters
• China’s Ponzi Bicycle Is Running Into A Brick Wall – New York Times
• China Removes Floor on Lending Rates as Economy Cools – Bloomberg
• Hitting China’s Wall – New York Times
• China ends floor on bank lending rates – Caixin Online

Local:

• The uggly world of ‘Australian-made’ boots – typical of the underinvestment in Aussie manufacturing – ABC
• FBT move will hit typical car user for $3000 – The AFR
• Abbott’s infrastructure hopes rely on GST – The Australian
• China supercycle not ending, just shifting – The Age
• Canberra not telling you the facts: Gittens – The Age
• Coal’s Over — Anyone For Wine And Cheese? – The Global Mail

Other:

• G20 warns of global tax chaos – The Guardian
• The age of our content – The Australian