Links 13 August 2013

Global Macro/Markets:

• How Stimulatory Are Large-Scale Asset Purchases? – frbsf.org
• Bond Hubris Overwhelms Fed in Riskiest Sectors of Credit Markets – Bloomberg
• Emerging World Loses Lead in Economic Growth – Wall Street Journal
• Rogoff Saying This Time Different Calls for Reflation: Economy – Bloomberg
• US Treasury: Assessing fixed income market liquidity – US Treasury
• A healthy side effect of High Frequency Trading? – Noahpinion

North America:

• Next fiscal fight: Why Wall Street should worry – Politico
• U.S. Population Distribution by Age, 1900 through 2060 – Calculated Risk
• Four Questions for Fed Chair Candidates – Huffington Post
• U.S. posts $98 billion budget deficit in July – Reuters
• Permanent Stimulus? – New York Times
• All At Sea On Fiscal Policy – New York Times
• Canadian housing boom in ‘9th inning’ – cbc.ca
• 10 reasons the US economy is stuck – theguardian.com

Europe:

• The long road to Eurozone bank deleveraging – Financial Times
• Greek economy shrank by 4.6% in 2013 Q2, 20th straight quarter of contraction – ekathimerini.com
• Euro Area’s Recession Seen Over as Champagne Kept on Ice – Bloomberg

Asia:

• Japan Q2 GDP growth misses forecasts; yen rises – MarketWatch

Local:

• Heat on Abbott over costings – The AFR; The Age; The Australian
• Pay rises? – It’s time to say goodbye – The AFR
• Even John McGrath fears property market running too hot – The AFR; The Australian
• The inequity of superannuation generosity – The Age

Other:

• Was Milton Friedman Wrong About Everything? – Bloomberg