Links 3 July 2013

Global Macro:

• New Doomsday poll: 98% risk of 2014 stock crash – MarketWatch
• Real-estate valuation, current-account and credit growth patterns, before and after the 2008-09 Crisis – VOX
• Is the global boom in commodity prices finally over? – BBC

United States:

• Martin Feldstein: The Fed Should Start to ‘Taper’ Now – Wall Street Journal
• Revitalized Car Industry Cranks Up U.S. Exports – Wall Street Journal
• 2013 is halfway over! This is how the economy is doing, in 11 charts. – Washington Post

Europe:

• Greece has 3 days to deliver or face consequences – EU officials – Reuters
• Bailout Talks in Athens as Greece Says it Expects More Debt Relief – Der Spiegel
• European rules hurt securitisation, experts say – smartbrief.com
• Even the British left is turning against Europe – Financial Times
• Mark Carney is hailed as a saviour – but what do we really know about him? – The Guardian
• UK business confidence ‘at six-year high’ – BBC

Asia:

• Japanese wives looking to taper husbands spending – Bloomberg
• China censors urge media to curb ‘cash crunch’ coverage – Financial Times
• Chinese Malls Waive Rents as Vacancies Loom: Real Estate – Bloomberg
• Loan Practices of Chinas Banks Raising Concern – New York Times
• Does China Have Enough Water to Burn Coal?: Scientific American – Scientific American
• China Banks’ Golden Era Fades as Crunch Raises Default Risk – Bloomberg
• Urban Smog and Hazy Economic Prospects in China – New York Times
• China credit squeeze puts brakes on factory growth – scmp.com

Local:

• Australia’s small business crisis – Paul Wallbank
• Higher funding costs not yet a concern: ANZ – The AFR

Other:

• Economics is better (in some ways) than it used to be – Worthwhile Canadian Initiative