Weekend Links – August 24-25

Global Macro/Markets:

• 2009 And All That – Krugman
• Central-Bank Moves Blur the View – WSJ
• Retail investors are bolting from emerging market funds – WSJ
• Gold is a big leveraged bet on lower real interest rates. – Noahpinion
• Hedge funds have some explaining to do for this year’s performance – MoneyBeat, ibid
• Saying what Steve Keen is trying to say – Worthwhile

North America:

• Nasdaq – YouTube, WSJ
• Wall Street Swaps Claim Detroit Cash Over Retirees: Muni Credit – Bloomberg
• New Home Sales decline sharply to 394,000 Annual Rate in July – CalculatedRisk
• Lew warns Congress to strike debt ceiling deal – FT
• Fed Burned Once Over Taper Now Twice Shy on QE3 – Bloomberg
• Moody’s considers downgrading top US banks – FT

Europe:

• And emerging market winnner is .. Eastern Europe – MoneyBeat
• Out of the Eurozone frying pan, and into the fire of emerging markets – Newstatesmen

Asia:

• Indonesia launch measures to shore up their currencies – FT – and Brazil
• Electric carmaker Tesla hits roadblock in China over trademark – Reuters
• How India got its funk – The Economist

Local:

• Mining boom too big to go bust yet – Gittins!
• Killing Julia: How Rudd got even – AFR
• PM’s seat at risk in Qld bloodbath – TheOz
• MPs lose hope Rudd can deliver – TheOz
• Woodside leads charge over wages – AFR
• Labor sandbags Qld as polls signal NSW, Vic rout – AFR
• PNG suspends asylum talks – TheOz

Other

• The disaster that is Fukushima – AP , Reuters , NYT
• ‘I am Chelsea’: Read Manning’s full statement – NBC
• If chemical attack proved, France says, nations should respond ‘with force’ – WaPo
• Home ownership: how the property dream turned into a nightmare – The Observer
• Why an Iraqi Single Mom is Suing George Bush for War Crimes – YES Magazine
• This time they mean business, for real: CFTC Moves to Rein In High-Speed Traders – WSJ
• Microsoft CEO Steve Ballmer to retire within 12 months – Microsoft , Rat…. sinking ship
• What is shadow banking? – VOX