Links 4 April 2014

Global Macro / Markets:

• Credit bubble fears put central bankers on edge – Financial Times
• Bitcoin Keeps Getting Smashed – Business Insider
• Bitcoin’s deflation problem – The Economist
• What Michael Lewis Gets Wrong About High-Frequency Trading – Bloomberg
• The ‘Crude Wall’ cometh – Financial Times

North America:

• Jobs preview: Pay less attention to the sausage, and more to how it’s made – Washington Post
• Risky debt is flying off the shelves again – Wall Street Journal
• Out of Work, Out of Benefits, and Running Out of Options – New York Times
• The Perpetual Bubble Economy – New York Times

Europe:

• Londoners Priced Out of Housing Blame Foreigners – Bloomberg
• ECBs deflation paralysis drives Italy, France and Spain into debt traps – The Telegraph
• How many European banks would pass US stress tests? – CNBC
• ECB addresses the zero lower bound – Financial Times

Asia:

• Debt troubles within the Great Wall – Financial Times
• Bitcoin set for fresh Chinese regulatory attack – Financial Times
• China Outlines Measures to Support Growth as Goal Recedes – Bloomberg
• China’s Fifteen-Billion-Dollar Purge – New Yorker
• A Muddy Tract Now, but by 2020, China’s Answer to Wall St – New York Times
• What’s behind China’s latest stimulus – Wall Street Journal

Local:

• Time for a new tax compact – The AFR
• Nothing off table in search of a better tax system – The AFR
• Marajuana is just good medicine – The AFR
• Housing is ‘no sure bet’: RBA – The AFR
• FTA with Japan hinges on TPP talks with US – The AFR
• Will Abbott flick the nuclear switch – Business Spectator
• Millions face higher tax bracket – The Australian
• Coalition targets big deficit cut – The Australian
• Holden targets number one by 2020 – Canberra Times
• Where politicians fear to tread – Canberra Times
• Why Canberra’s bracket creep and fiscal drag are no laughing matters – The Guardian

Other:

• Capitalism Is Messy. Let’s Keep It That Way – Bloomberg
• IMF Survey : Interest Rates to Increase But Modestly as Global Economy Normalizes – IMF.org