Links 2 September 2013

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Global Macro/Markets:

  • Will the Internet Destroy the Stock Market? – HBR
  • What everyone gets wrong about monetary policy – CNBC
  • Great Investors Know How to Interpret Data – A Dash of Insight

North America:

  • The Arithmetic of Fantasy Fiscal Policy – New York Times
  • A Record-High Number of Young People Are Still Living With Their Parents: Why? – The Atlantic
  • Choosing the chairman – The Economist
  • Larry Summers and the politicization of the Fed – Reuters
  • Investors Are Doing Better Than Workers – Bloomberg
  • Why Wall Street Wants Larry Summers (and Why the Rest of Us Should Not) – Yahoo
  • Low Inflation Complicated Fed’s September Decision – Wall Street Journal
  • Texas oil output has almost doubled in just the last two years and reached a 32-year high in June – aei-ideas.org

Europe:

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  • Italy introduces tax on high-speed trade and equity derivatives – Financial Times
  • Back to the future: Greece needs more cash, Europe and IMF at odds. – Wall Street Journal

Asia:

Local:

  • Buyers snap-up expensive fringe housing lots – The AFR. $330k for a 380sqm lot! Then you still have to build the house.
  • PM pushes jobseeker overhaul – The Australian
  • Low confidence tipped to persist – The Australian
  • Don’t bet on a surge in retail spending – The Australian
  • Coalition tactic on costings to unravel – The Age
  • Why taxes would rise under Abbott – The Age

Other:

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  • Who Will Prosper in the increasingly automated New World – New York Times
  • Will Big Data Bring More Price Discrimination? – Forbes
  • Why the theory of comparative advantage is overrated – Marginal Revolution
  • Saudi Crude Output Surges to 24-Year High in OPEC Survey – Bloomberg
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.