Links 2 August 2013

Global Macro/Markets:

• Jim Chanos and the Commodities Supercycle – Institutional Investor

North America:

• Why Obama should pick Summers to lead the Fed – Financial Times
• A Rising Share of Young Adults Live in Their Parents’ Home – pewsocialtrends.org
• This graph calls the entire economic recovery into question – Washington Post
• Jobless claims drop to 5-1/2 year low – Reuters
• 5 key issues facing the next Fed chief – CBS News
• U.S. GDP revisions, inflation slippage tighten Fed’s policy bind – Reuters
• The US student loan problem – facts, charts, thoughts – Sober Look
• Deficit Had to Get Worse to Start Looking Better – Bloomberg

Europe:

• Italy Banks Bad Loans Underline Southern Europe Malaise – Bloomberg
• Greece should defy the gunboat creditors – The Telegraph
• Eurozone PMI – Business Insider
• Eurozone unemployment might have peaked – CNNMoney

Asia:

• County in Shaanxi in a Deep Hole as Mining Bubble Pops – Caixin Online
• GDP Figures of Local Gov’ts Soar Past Beijing’s Yet Again – Caixin Online

Local:

• Savings levy riles banks – The Australian
• Hold Treasury to account – The Australian
• Gloom forgotten as house prices surge (interesting reporting…) – The Australian
• Australian dodged one debt bullet, but is setting itself up with another – The AFR
• Savers caught in cross-fire over deposits – The AFR
• Bank rent seekers slam deposits tax – The AFR
• Holden wants to cut workers’ lunch – The AFR
• Mini budget to lean on banks – The Age
• We have a debt problem: NAB chief – The Age

Other:

• Economists Behaving Badly, Redux – New York Times
• What Would Keynes Do? – Forbes