Links 24 July 2013

Global Macro/Markets:

• BRIC Bust Seen in Emerging Market Discontent With Growth – Bloomberg

North America:

• The Decline and Fall of Detroit – Naked Capitalism
• Detroit Blazes a Path It Never Wanted – New York Times
• Fed Seen Tapering QE in September by Half of Economists Surveyed – Bloomberg
• A bold plan for rebuilding our roads and bridges – CNNMoney
• Housing Recovery Increasingly Prices Out First-Time Buyers – Wall Street Journal
• Sales of Existing Homes in U.S. Unexpectedly Decline – Bloomberg
• Economic Casualties: ‘Missing Households’ – Wall Street Journal

Europe:

• Facts finally collide with ideology on Europe – Financial Times
• One Recession or Many? Double-Dip Downturns in Europe – harvard.edu
• June sees highest monthly property rise since crash – irishtimes.com

Asia:

• Foreign Capital Outflows Hit China in June – Wall Street Journal
• Unbalanced growth will help China avoid a slump – Financial Times
• Recognizing the End of the Chinese Economic Miracle – stratfor.com
• Japan’s lessons for China – Financial Times
• Signs That a Financial Overhaul May Be in the Works in China – New York Times
• China capitulates – The Telegraph

Local:

• Market awaits rate signal in inflation figures – The AFR
• RIO seeks approval in Pilbara – The AFR

Other:

• Why Becoming A Banker Is The Best Life Choice I Ever Made – Business Insider
• Quants: the maths geniuses running Wall Street – The Telegraph
• Do Commodities Speculators Make Things Cost More? – Justin Fox – HBR