Links 30 July 2013

Global Macro/Markets:

• 5 reasons the Fed’s taper will begin in September – Sober Look
• Emerging economies: Why so gloomy? – Lowy Interpreter

North America:

• Why The Economy Doesn’t Need The Fed – Business Insider
• Detroit Bankruptcy Underscores Rift Between City, Suburbs – Bloomberg
• Bernanke did well, but the Fed must do better – Financial Times
• Federal Reserve ‘Doves’ Beat ‘Hawks’ in Economic Prognosticating – Wall Street Journal
• Pending home sales pull back in June as rates rise – Reuters
• Video: Why Canadians are getting richer – Globe & Mail

Europe:

• Bank of Italy Inspecting Top Lenders’ Books – Wall Street Journal
• Is a Grexit possible before the German elections? – Euromoney
• The Second Economic Adjustment Programme for Greece – European Union
• IMF approves $2.3 billion aid for Greece – Reuters
• Ireland on road to recovery, but many left behind – Reuters

Asia:

• China Opts for Only Small Steps to Stimulate Economy – New York Times
• Opinion: Will China’s economy crash? – CNN
• China Is Going to Be Just Fine, Says Justin Lin – Wall Street Journal

Local:

• FBT to spark 20% drop in car sales – The Australian
• Windfall has blown away – The Australian
• Caught in Swan’s surplus trap – The Australian
• Bowen must resist temptation to spend – The Australian
• Policy on the run is killing us: miners – The Australian
• Mining sentiment in free-fall – The Australian
• Australia gets screwed on IT products – The Australian
• Get ready for cheaper IT goods – The Age
• Build it and a stronger economy will follow – The Age
• Economy at a turning point – The Age
• Shoping centre developers building into glut – The AFR
• Melbourne unit supply nears its peak – The AFR

Other:

• Shale Threatens Saudi Economy, Warns Prince Alwaleed – Wall Street Journal
• Political economy of homeownership: A disaster area. – Slate
• How to prove to a global warming denier that climate change is real, in 14 seconds – Washington Post
• The path leading to middle-class prosperity – Globe & Mail