Links 28 January 2014

Global Macro / Markets:

• Davos 2014: looking back on a forum that was meant to look ahead – The Guardian
• What’s wrong with Davos – CNBC
• Contagion Spreads in Emerging Markets as Crises Grow – Bloomberg
• What’s Behind the Emerging-Market Meltdown – Bloomberg
• ROBERT SHILLER: Bitcoin Is An Amazing Example Of A Bubble – Business Insider
• ROGOFF: There’s One Big Story At Davos, And Markets Around The World Are Getting Central Banks Wrong – Business Insider
• IMF warns Fed could worsen markets rout – The Telegraph

North America:

• The Myth of Industrial Rebound – New York Times
• In Housing, Big Is Back (Not Counting the Extras) – New York Times
• Share of labor force projected to rise for people age 55 and over and fall for younger age groups – BLS

Europe:

• Rebuilding Banking in Europe – WE Forum
• European banks have 84 billion euro capital shortfall, OECD estimates: report – Reuters
• ECB poised for battle to ward off deflation – Financial Times
• Will the UK be the first to tighten? – Financial Times
• France could destroy the euro – The Telegraph

Asia:

• China’s air pollution fight gets a DIY touch – Washington Post
• The Chinese banking system is running out of money—again – Forbes
• Japan-China war of words goes ballistic in Davos – The Telegraph
• Beijing’s Bad Air Would Be a Step Up for Smoggy Delhi – New York Times
• China Trust Products Gone Awry Evoke Soros Crisis Echoes – Bloomberg
• Another Look at China’s GDP Numbers – Wall Street Journal
• The mystery of China’s fading inflation, explained – Quartz
  
• China eyes more mine investment – The Age

Local:

• Investors lock a generation out of home ownership – The SMH
• Jobs figures looking good for Coalition’s new lobbyists – The SMH
• Back to the future: Government to expand work for the doll – Business Spectator
• Union warns on Coalition dole scheme – The Australian
• Abbott’s message to the world: governments should stand back – The Conversation
• Are fears of Australian housing bubble overblown – CNBC
• Cold facts about the hot Gold Coast market – The AFR
• $0.80 “magic spot for AUD”, says Heather Ridout – The AFR
• Advance Australia fair? Maybe not – The SMH
• Coalition sets $500 billion debt limit – The Australian
• Australian risks rise in market downturn – The Australian
• Lower income renters would suffer if negative gearing was abolished – The Australian
• A tonic for Australia’s inequality ills – Business Spectator
• Direct action policy risks failure – The Guardian
• Does Melbourne need Australia 108 – The Guardian
• Mixed messages on interest rates – The Guardian
• Expanding work-for-the-dole would increase joblessness – University of Melbourne

Other:

• We Can’t Afford to Leave Inequality to the Economists – HBR
• IMF sovereign debt plans in jeopardy – Financial Times
• Low-Wage Workers Have far More Education than They Did in 1968, yet They Make far Less – epi.org
• Dr. Doom Roubini: Tech to Replace White Collar Jobs – Bloomberg
• The facilitators bringing China’s home buyers to Oz – The AFR
• Why economists are almost always wrong – Business Spectator