Links 21 August 2013

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Global Macro/Markets:

North America:

  •  Why the White House is uneasy with picking Janet Yellen – Washington Post
  • Chart du jour, Bernanke’s record on inflation edition – Financial Times
  • Bubbles Bloom Anew in Desert as Buyers Wager on Las Vegas – Bloomberg
  • Rate Surge With Rising U.S. Confidence a Positive Sign – Bloomberg
  • Chicago Fed: “Index shows economic growth in July again below average” – Calculated Risk
  • Detroit to receive $52.2M in federal funds to demolish abandoned buildings – detroitnews.com

Europe:

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  • Can a central bank have too much transparency? Maybe, in Europe – Reuters
  • Interest-only mortgages make a return – theguardian.com
  • Don’t Ignore the Greek Problem – Barron’s
  • European Stocks Decline Amid Speculation of Fed Tapering – Bloomberg
  • Greece will need third bailout, Germany concedes – Financial Times

Asia:

  •  North Korea Grapples With Crystal Meth Epidemic – Wall Street Journal
  • Capital Flowing Back to Advanced Economies as Asia Markets Slump – Bloomberg
  • Chinese banks are using increasingly complicated tactics to bypass limits on loans – Wall Street Journal
  • The courting of China’s powerful princelings – Financial Times

Local:

  • BHP updates China food bet – The AFR
  • Mackenzie feels the resources pinch – The Age
  • Resources lobby takes aim at Coalition’s paid parental leave – The AFR
  • Do off-the-plan apartments pay off? – The AFR
  • ACCI cold on Coalition’s spending plans – The AFR
  • Abbott and the rent seeking society – The AFR
  • Billions needed or decades of deficits – The Australian

Other

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.