Links 24 February 2014

Global Macro / Markets:

• An Aggressive Fed Finds Critics on Wall Street – New York Times
• Low inflation can be a disease not a cure – Financial Times
• Stop whingeing banks, you have it easy – The Age

North America:

• The Fed’s Actions in 2008: What the Transcripts Reveal – New York Times
• Transcripts and Other Historical Materials, 2008 – Federal Reserve
• Fed’s 2008 Transcripts Show Struggle to Grasp Magnitude of Crisis – Wall Street Journal
• How the Fed Saw a Recession, Then Didn’t, Then Did – New York Times
• Bernanke on Japanese vs American monetary policy (or QE vs credit easing) – Financial Times
• Wall Street Landlords Buy Bad Loans for Cheaper Homes – Bloomberg
• Vital Signs: Housing Inflation Starts to Rise – Wall Street Journal
• All Cities Are Not Created Unequal – Brookings.edu
• Colorado high on cannabis tax – The AFR

Europe:

• Ukraine’s Leader Flees Palace as Protesters Widen Control – New York Times
• Independence Square: Then and Now – Wall Street Journal
• France is looking straight down the barrel of a deflation shock – The Telegraph
• ECB Wins EU Court Ruling to Keep Greek Swap Information Secret – Bloomberg
• Moody’s upgrades Spain debt one notch with positive outlook – CNBC
• Europe’s Crisis in Ukraine – Project Syndicate

Asia:

• Even China’s Economists Are Singing the Blues – Wall Street Journal
• China must balance as it juggles growth and lending – The AFR

Local:

• Discounting to heat-up “fierce” mortgage war – The AFR
• Beware one stop financial advice shops – The AFR
• GST can cure G20 tax headache – The AFR
• The declining state of the unions – The AFR
• RBA and banks hose down rural debt crisis – The AFR
• Hockey backs US on stimulus – The Australian
• Debate needed over pension: Pyne – The Australian
• Qantas pushed to ‘put house in order” – The Australian
• Labor slams DSP reform plans – The Australian
• Back to drawing board for financial reforms – The Canberra Times
• There’s plenty at stake for Australia at G20 – The Canberra Times
• A storm of propaganda will hit WA – Business Spectator
• OECD tips for growth after the boom – Business Spectator
• G20 push for too-big-to-fail bail-ins – The AFR
• Hockey wins deal on global growth target – The AFR
• Hockey: G20 backs our reform push – The Australian
• Treasurer’s domestic agenda goes global – The AFR
• World on board. Now for the locals – The Australian
• Hockey calls for 3% growth – The Age
• Growth is good, but it’s no call to action – The Australian
• Hockey prepares for “tough reform” – The Guardian
• BHP: Australia’s got a lot going for it – The AFR
• Women locked in low paying jobs – The AFR
• Youth jobs outlook a “scandal” – The Australian
• Gas price hikes due to policy failure – The Australian
• Renters face hard home truths – The Age
• Where people zone out – The Age
• The truth behind Abbottt’s union wars – The Age
• Minister slams loan regulations – The Age

Other:

• Why Is Academic Writing So Academic? – New Yorker
• Why Rational People Can’t Succeed as Economic Forecasters – HBR
• Death to Machines? – Project Syndicate