Links 3 September 2013

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Global Macro/Markets:

North America:

  • The surprising demographics of American technology entrepreneurs – entrepreneurship.org
  • 4 economic indicators signal that US growth is off to a weak start for the quarter – Sober Look
  • Two charts to ruin Labor Day: US labor is worth less than ever – Quartz

Europe:

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  • PMI: Eurozone manufacturing recovery gathers pace in August – Markit
  • Is Bank of Cyprus becoming a bailout hostage? – Financial Times
  • ECB: Outright Monetary Transactions, one year on – European Union
  • UK’s ’reckless’ Cameron pays political price for Syria vote loss – Reuters
  • Euro area recovery continues; could growth surpass the US? – Sober Look
  • Portugal’s ghost roads – Financial Times
  • We’re calling off Europe’s debt crisis after strong PMIs, says Danske Bank – MarketWatch

Asia:

  • China’s factory growth returns, but India suffers contraction – theguardian.com
  • Beatings, evictions reveal ugly side of China’s local debt pile – Reuters
  • China Wuhan Debt-to-GDP Ratio at 185.6% – Caijing
  • Japan put on hold as investors await Abe’s next move – Financial Times

Local:

 

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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.