Global Macro / Markets:
- Economist Wins Genius Grant For Proving That Most Traders Are Idiots – Business Insider
- Wall Street’s High-Frequency Trading Technology Arms Race – pcmag.com
- Bubbles, Regulation, and Secular Stagnation – New York Times
North America:
- Fed’s Q2 Flow of Funds: Household Mortgage Debt down $1.3 Trillion from Peak, Record Household Net Worth – Calculated Risk
- Wal-Mart Cutting Orders as Unsold Merchandise Piles Up – Bloomberg
- Comments on New Home Sales – Calculated Risk
- Household Net Worth in U.S. Increases by $1.3 Trillion – Bloomberg
- Americans in Poll Doubt Economy Rebound in Defiance of Forecasts – Bloomberg
Europe:
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- Toward a Fiscal Union for the Euro Area – imf.org
- EBA publishes results of the Basel III monitoring exercise as of end 2012 – View press release – European Banking Authority – European Union
- How did Greece mask its debt? – BBC
- Austerity measures push Greek universities to point of collapse – theguardian.com
Asia:
- China’s wealthiest families score $720 billion in undeclared “gray income” – Quartz
- Chanos Undeterred by China Growth as O’Neill Bullish – Bloomberg
- Street Vendor’s Execution Stirs Anger in China – New York Times
Local:
- Liberals question DIY super amid property speculation – The AFR
- A DIY property bubble – The AFR ; The Australian
- RBA discourages property bubble – The AFR
- Sydney land values double from recession – The AFR
- Australia must tackle tax reform – The Australian
- Productivity must be the focus – The Australian
- Workers not missing out on prosperity – The Australian
- Gas crisis not the fault of CSG bans – The Australian
- Chinese dominate in race for unit sites – The Australian
- Fears as property set to take-off – The Age
- Spending turn will take time, DJs warns – The Age
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