Links 9 July 2013

Global Macro/Markets:

• Do Bank Shocks Affect Aggregate Investment? – New York Fed

North America:

• Larry Summers Circles as Fed Opening Looms – Wall Street Journal
• Progress on Housing Finance Reform – New York Times
• Demographics: Why The Future Belongs To The US – Business Insider
• The Goldilocks Economy Revisited – Wall Street Journal

Europe:

• Greece’s Economic Future ‘Uncertain,’ Creditors Say – Wall Street Journal
• George Osborne to implement tough reforms on standards in City – The Telegraph
• Europe floods to cost insurers up to $4.5 billion: Swiss Re – Reuters
• Confidence in Britain’s economy at fresh high – The Telegraph
• What’s behind the ECB’s flat “learning curve”? – social-europe.eu
• Osborne backs sweeping reforms for banking industry – Financial Times
• Euro zone to decide on Greece’s cash injection, warn Portugal – Reuters
• German exports fall at steepest rate since Dec 2009 – Reuters

Asia:

• China Cash Squeeze Seen Creating Vietnam-Size Credit Hole – Bloomberg
• What Bear Market? Japan Stocks Are Surging Again After Big Fall – Wall Street Journal
• Japan Mergers Fall to Nine-Year Low as Yen Volatility Surges – Bloomberg
• Japan’s strong bank lending can’t mask economic challenges – Reuters
• China: the biggest housing bubble ever – Zero Hedge

Local:

• Australia’s economy: five pointers from Glenn Stevens – The Guardian
• Perth property cracking. AFR

Other:

• Disruptions: How Driverless Cars Could Reshape Cities – New York Times
• Do the inflationistas really believe what they say? – Noahpinion
• FDI surges: Not all capital waves are alike – VOX