Links 6 August 2013

Global Macro/Markets:

• The Recent Bond Market Selloff in Historical Perspective – New York Fed
• Berkshire Avoids Bond Rout as Buffett Builds Shareholder Equity – Bloomberg
• Get Ready for the Next Round of Bond Pain – Wall Street Journal

North America:

•  ‘Uncertainty’ isn’t a problem anymore – Washington Post
• Budget Bedlam This Fall – capitalgainsandgames.com
• Most 2013 job growth is in part-time work, survey suggests – McClatchy

Europe:

• Foreigners buy nearly 75% of new homes in inner London – Financial Times
• Bridgewater Associates Asks Is a Perfect Storm Brewing in Europe? – valuewalk.com
• Europe Stocks Rise for Sixth Day, Longest Streak of Year – Bloomberg
• Europe’s Fake Normal by Mohamed A. El-Erian – Project Syndicate

Asia:

• Meeting China’s energy needs – Financial Times
• PBoC tightening by stealth? – Financial Times
• Beijing invites foreign bids for $55 billion in infrastructure projects – Reuters
• China Services to Manufacturing Suggest Slowdown Easing – Bloomberg

Local:

• Australian Democrats call for a Federal land tax – Democrats
• Australia needs a sensible and honest discussion on housing affordability – Catherine Cashmore
• China credit bubble “serious” for Aussie miners – The AFR
• Election hits weak economy – The AFR
• Low interest rates bring back house & land buyers – The AFR
• Trust needed for next round of mining capex – The AFR
• Business blasts Budget prolificacy – The Australian
• Heading for a grim recession – The Australian
• Poll could “kill car industry” – The Age
• Machismo ahead of common sense – The Age

Other:

• Commentary: New Zealand needs to start building trust in the long-term – china.org.cn