Links 20 January 2014

Global Macro / Markets:

• The Hows and Whys of Gold Price Manipulation – paulcraigroberts.org
• Currencies of natural resource exporters under pressure – Sober Look
• The Profits Bubble – researchaffiliates.com
• How to detect a market bubble – Financial Times
• Don’t Hate the Asset, Hate the Price! – The Reformed Broker
• Has The Natural Interest Rate Has Been Negative for the Past Five Years? – Macro and Other Market Musings
• Why stopping the next financial crash is an impossible dream – The Week

North America:

• Polar Vortex Behind U.S. Big Chill Explained – You Tube
• How Washington beat Wall Street – Politico
• Does Household Debt Influence the Labor Supply and Benefit Claiming Decisions of Older Americans? – bc.edu
• Student Loans, the Next Big Threat to the U.S. Economy? – Bloomberg
• Think you know what the Fed will do? Guess again – CNBC
• Where Are the U.S.’s Millionaires? – Wall Street Journal
• Fed’s Lacker says US data justifies taper – The AFR
• US industry shows muscle in late 2013 – The AFR
• Shiller’s call for financial reform in the US housing market – still won’t prevent the damaging booms/busts – The Guardian
• US banks embrace interest-only loans – LA Times

Europe:

• EU Weighs Ban on Proprietary Trading at Biggest Banks From 2018 – Bloomberg
• Spain, Italy grab historic chance to lengthen life of debt – Reuters
• The 43 areas where UK homes cost more than 1 million – The Telegraph
• UK housing wealth becoming more concentrated – Financial Times

Asia:

• How Erik Prince, Founder Of Blackwater, Will Help China Subjugate Africa – Zero Hedge
• Rich Chinese continue to flee China – CNBC
• China number 1 risk factor for global growth – The AFR
• China house prices keep climbing – Bloomberg

Local:

• Australian start-ups brace for new test – The AFR
• A case for selling Australian Post – The AFR
• Solar power subsidies create gravy train as power prices soar – The AFR
• Heatwaves, home design drive airconditioning sales – The AFR
• Horror Budget a threat to confidence – The Australian
• Coalition hands reigns of power to big business – The Age
• Commission of Audit likely nothing more than an arse covering exercise – The Guardian

Other:

• The Rationality Debate, Simmering in Stockholm – New York Times
• Fifty Years of Smoking in Two Charts – Bloomberg
• We Need A New Supply Side Economics – Business Insider
• How safe is your job? – The Economist (Twitter Pic)