Links 3 February 2014

Global Macro / Markets:

• Replace dollar with super currency – China Daily
• The Incredible Shrinking Credit-Default Swap Market – Bloomberg
• Emerging Markets’ Victimhood Narrative – Bloomberg
• IMF calls for ‘urgent action’ amid EM crisis – CNBC
• Rajan Warns of Policy Breakdown as Emerging Markets Fall – Bloomberg

North America:

• America’s Shopping Malls Are Dying A Slow, Ugly Death – Business Insider
• Ben Bernanke Deserves Our Appreciation – New Yorker
• Big U.S. banks are beginning to loosen their tight grip on lending – Wall Street Journal
• Why the Homeownership Rate Is Misleading – New York Times

Europe:

• Greece creditors, France and Germany in secret talks Monday about Greek bailout concerns – Wall Street Journal
• January was UK’s wettest winter month in almost 250 years – The Guardian
• Bundesbank would favor end of sterilization to boost liquidity in bank system – Wall Street Journal
  
• A Leader Shows Vulnerability in Turkey’s Cash Crisis – New York Times
  

Asia:

• The $15 trillion shadow over Chinese banks – The Telegraph
• China kills off discussion on Weibo after internet crackdown – The Telegraph
• Japan’s Backward Recovery – Wall Street Journal
• China’s January official PMI slips to six-month low – Reuters

Local:

• Labor’s Penny Wong rejects ABC, SBS efficiency review as politically motivated – ABC
• Coaliton defends taxpayer funding of Cadbury – SMH
• A rogue Liberal spills the beans on SPCA – Business Spectator
• SPC Ardmona “over generous to workers: Abetz – The AFR
• Liberal MP says Government cruel to refuse SPC support – The Guardian
• Abetz: SPC “capable of making a profit” – The Australian
• Sweet Cadbury deals defended – The Age
• Trade pacts key to beat SPC angst – The Australian
• It’s time to fix Australia’s leaky tax system – Business Spectator
• PM urged to cut car aid by 2020 – The Australian
• Component makers must export – The Australian
• We all need to get real on costs and productivity – The Australian
• Prices of imported jobs set to rise as Dollar drops – The AFR
• Domestic gas shortages forecast by WA market operator – The AFR
• Happy birthday Medicare – how we can make you better – The AFR
• Negative gearing is a positive remedy – The Age