Links 31 January 2014

Global Macro / Markets:

• No Bottom in Sight For Emerging Markets – Wall Street Journal
• World risks deflationary shock as BRICS puncture credit bubbles – The Telegraph
• The Temptation of the Central Bankers – Project Syndicate

North America:

• Clinton has big lead over Democrats in 2016 race, poll finds – Washington Post
• Wall Street’s New Housing Bonanza – New York Times
• How to Tell If We’re Really Entering Another Housing Bubble – theatlanticcities.com
• In Bernanke’s final act, Fed cuts stimulus despite market turmoil – Reuters
• How marijuana munis could save the states – Fortune
• Why the South Fell Apart in the Snow – gizmodo.com

Europe:

• Britain entering first world war was ’biggest error in modern history’ – The Guardian
• Spain’s black economy booming as GDP continues slow growth – The Guardian
• Rising risk that German court will block Bundesbank rescue for Southern Europe – The Telegraph

Asia:

• Shadow banking: China’s wobbly house of cards – Fortune
• The Reliability of Chinese GDP, Again – Econbrowser
• China Is Headed for Its Very Own Bear Stearns Moment – Time
• China’s yuan carry trade, an anchor and a risk for Asia – Reuters

Local:

• Chinese buyers don’t want your house, they want you land – Business Spectator
• The jar is rightly empty for SPC Ardmona – Business Spectator
• 3000 jobs at risk as Abbott cans SPC aid – The Age
• Cabinet rejects SPC Ardmona aid – Business Spectator
• Grower fury – The Age
• Pay your own way, SPC – The Australian
• PM may end up carrying the can – The Age
• Peter Costello to be confirmed as Future Fund chairman – The AFR
• Expanded GST could put Budget within reach – The AFR
• Ley eyes childcare tax perks – The AFR
• Sub-prime lenders share of pot doubles – The AFR
• China is Australia’s land of opportunity – The AFR
• Prosperity stifled by regulation – The Australian
• Are Australia’s banks too-big-too-fail – The Guardian

Other:

• The newsonomics of why everyone seems to be starting a news site – niemanlab.org
• No, micro is not the “good” economics – The Economist