Global Macro/Markets:
- Mom-and-pop investors are leading the summer stampede out of emerging markets. – Wall Street Journal
- Central banks emergency reserves drop by $81bn – Financial Times
- Generation B (For Bubble) – New York Times
North America:
- Markit Flash U.S. Manufacturing PMI at 53.9 in August (five-month high) – Markit
- Unemployment is very low in some cities, so why don’t people move there? – Slate
- Obama’s Plan Aims to Lower Cost of College – New York Times
- Freddie Mac: Mortgage Rates at highest level since 2011 – Calculated Risk
- Report: Household income below end-of-recession – CNBC
- U.S. Median Income Rises, but Is Still 6% Below Its 2007 Peak – New York Times
Europe:
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- EU Said to Weigh Curbs on Collateral Asset Reuse in Repos – Bloomberg
- Dutch finance minister says new support for Greece ’inevitable’ – The Telegraph
Asia:
- The financial unraveling of southeast Asia – Marginal Revolution
- This is no Asian Crisis redux, argues one former IMF staffer. – Wall Street Journal
- India’s Richest Man Loses $5.6 Billion as Rupee Stumbles – Bloomberg
- The dithering state is at the heart of India’s problems – Financial Times
- Singaporean PM Outlines Key Policy Adjustments, Revamps Medical Insurance Scheme – cri.cn
- Rival Economists in Public Battle Over Cure for India’s Poverty – New York Times
- Pettis: don’t bet on China’s urban fiction – Business Spectator
Local:
- Ford blames Rudd’s FBT for plant shut down – The Australian
- Gen Ys kinder than GenXers and Baby Boomers – The Australian
- Coal lobby disbands in wake of slump – The Australian
- Rudd vows to cut GST red tape – The AFR
- Nationals to lose trade ministry in Abbott’s free trade push – The AFR
- What price the Coalition’s welfare plan? – The AFR
Other
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- There’s A New Study That Says Welfare Pays Better Than Work – Business Insider
- Welcome to the Age of Denial – New York Times
- Jeremy Grantham on population growth, China and climate sceptics – The Guardian
