Links 16 May 2014

Global Macro / Markets:

• Day of reckoning for shares “inevitable” – The AFR

North America:

• Mortgages Should Be Easier to Get – Bloomberg
• MBA: “Delinquency and Foreclosure Rates Continue to Improve” in Q1 – Calculated Risk
• It’s Now the Canadian Dream – New York Times
• Jobless claims fall to seven-year low – Reuters
• 100 Percent of California Now in Highest Stages of Drought – Climate Central

Europe:

• France passes ‘nuclear weapon’ powers to block foreign takeovers – Financial Times
• France issues law to block foreign takeovers of strategic firms – Reuters
• ‘If the euro falls, Europe falls’ – Financial Times
• Euro zone first-quarter growth disappoints, puts pressure on ECB to act – Reuters
• A European House of Debt – House of Debt

Asia:

• Japan reports biggest GDP rise in 3-years – The AFR
• Is China’s housing bubble popping? – Washington Post
• Vietnam mobs set fire to foreign factories in anti-China riots – Reuters

Local:

• Budget economics must survive the politics of self-interest – The AFR
• Labor’s $18 billion of “mean” Budget – The AFR
• ALP blocks path to Budget fix – The Australian
• Shorten: I’ll be as negative as Abbott – Canberra Times
• Shorten: ‘A Budget full of broken promises’ – The Guardian
• Don’t dismiss double dissolution theatrics – The AFR
• Patronising Budget sales pitch is a flop – The AFR
• RBA eerily quite on high AUD – The AFR
• How to get around the debt levy – The AFR
• Fear factor of foreign investment hits home – The AFR
• Chinese buyers “drive hardest bargain” – The Australian
• States reject calls for infrastructure analysis – The AFR
• Childcare centres struggle to find workers – The Australian
• PM talks with furious premiers – The Australian
• States should reclaim income taxing powers – The Australian
• Redundancy Budget is missing billions – Canberra Times
• Lower growth, higher unemployment – Canberra Times
• Mortgage buffer surprisingly low – Canberra Times