Links 16 August 2013

Global Macro/Markets:

• Gold Bull Paulson Cuts SPDR Stake by Half in Bear Market – Bloomberg
• Soros’s biggest holding? A bearish call on the S&P 500 – MarketWatch

North America:

• More Than Meets the Eye: Some Fiscal Implications of Monetary Policy – New York Fed
• Report: Half of All Homes Are Being Purchased With Cash – Developments – Wall Street Journal
• Jobless Claims in U.S. Fall to Lowest Level in Almost Six Years – Bloomberg
• Five facts about household debt in the United States – Washington Post
• A Chance to Own a Home for $1 in a City on the Ropes – New York Times
• Canadian Household Debt – medium.com

Europe:

• Eurozone recovers in spite of itself – Financial Times
• European Banks Shaping Up Five Years After Lehman – Bloomberg
• European Recovery Means Little for Jobless Generation – Bloomberg

Asia:

• China drought leaves 13 million thirsty – China Daily
• Lies and China’s economic statistics – The Age
• China zoo under fire for disguising dog as ‘African lion’ – Fox News

Local:

• Fortescue boss hits out at iron ore juniors over rail access – The AFR
• Why the resnt-seeking economy is creeping back again – The AFR
• Who’s got the biggest pay packets – The Age
• Costings will be revealed late: Abbott – The Age
• GFC created perfect storm on subsidies – The Australian
• Election will lift economy: Wesfarmers – The Australian

Other:

• Every Politician Who Whines About China Undervaluing Its Currency Needs To Look At This Chart – Business Insider
• Here’s what ‘Breaking Bad’ gets right, and wrong, about the meth business – Washington Post
• What Was the Real Cost of the Great Recession? – fungglobalinstitute.org