Weekend Links 17-18 May
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ASIA
- Getting Asia-Pacific trade bloc on track (SCMP)
- An Economic Roadmap for India (Project-Syndicate)
- Why China And Vietnam’s Dispute Is So Ominous (IB Times)
- Japan Is Desperate to Rescue Its Economy from an Early Grave (Time)
- India Must Reverse Its Deindustrialization (Petersen Institute)
CHINA
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- New Rules of the Game for China’s Renminbi (Brookings Institute)
- Triple Whammy Hitting Property Market, Investment Banker Says (Caixin)
- Corruption Clampdown on CNPC Nets Two More Executives (Caixin)
- Xi Jinping’s ‘new normal’ with Chinese characteristics (SCMP)
- Slowing Property Market Is Banking Risk, CBRC Official Says (Caixin)
- Housing Market at ‘Tipping Point’ This Year, Analyst Says (Caixin)
- Minimum wages and firm employment: Evidence from China (VoxEU)
- China Orders Interbank Lending Curbs to Quell Shadow Debt (Bloomberg)
- Central bank move supports first-time home buyers in China (WantChinaTimes)
- China-Russia Energy Alliance Deepens: Massive Pipeline Agreement Expected When Putin Visits Beijing Next Week (IB Times)
- Ukraine tensions flag risks for Beijing’s grain importers (CER)
UNITED STATES and CANADA
- 6 reasons treasury yields should be higher (Sober Look)
- Housing Starts Beat Expectations, But The Gain Comes With Caveats (Capital Spectator)
- Are Student Loans Really Holding Back the Economy? (Atlantic)
- US revival warrants EM strategy rethink (FT.com)
- Greek is better than Japanese (Euromoney)
- At big-ticket dinners, a blunt Bernanke sounds theme of low rates (Reuters)
- Fed’s Bullard says inflation, job goals ‘within sight’ (Reuters)
- Squeezed middle behind US housing slump (FT.com)
- Single family vs. multi unit housing permits and starts: it’s still not different this time (Bonddad)
- Temporary Foreign Workers Program Vexes Mr Fixit (Macleans)
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UNITED KINGDOM
- London property – the barbarous gold of our times (Guardian)
- Why monetary policy matters: New UK narrative evidence (VoxEU)
- Britain closer to needing rise in interest rates, Mark Carney says (SCMP)
- Households face lifetime of debt with rise in longer term mortgages (Telegraph)
- Britain’s economy returning to normal (Washington Post)
EUROPE
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- Exclusive: German industry steps up drive to prevent Russia sanctions (Reuters)
- Eurozone still on-course for break-up, warns Saxo CEO (Euromoney)
- Against the tide: Europe deflates; time for QE (Euromoney)
- The eurozone won the war – now it must win the peace (FT.com)
- Ukraine governor offers bounties to keep separatists at bay (FT.com)
- Portugal Laden With $293 Billion Debt Exits Bailout Plan (Bloomberg)
- A pair of oligarchs is taking charge in eastern Ukraine (Quartz)
- Switzerland to vote on the world’s highest base wage (CBSnews)
- Italy, the euro zone’s pouting mistress, threatens financial havoc (The Globe and Mail)
- ECB: An appropriate monetary policy (VoxEU)
- Ukraine’s puppet masters (Eurozine)…..a very good piece about the type of people who run Ukraine
- Old guard in party of ousted Ukraine president seen behind pro-Russian separatists (BNE)
AUSTRALIA
- Goodman Fielder Accepts Wilmar-First Pacific’s Offer (Bloomberg)
- How Joe Hockey ended the age of entitlement (SMH)
- Insider trading case may open Pandora’s Box on forex markets (SMH)
- Federal budget fills coffers for Liberal Party (SMH)
- Yes, the budget will hit demand, but not too badly (SMH, Gitto)
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COMMODITIES
- Iron ore hits 20-month low on China concerns (FT.com)
- IEA says Opec oil supply could fall short (FT.com)
- Wheat Futures Head for Longest Slump in 10 Months (Bloomberg)
- Russia Plans Palladium Purchases From Norilsk, Interfax Says (Bloomberg)
- London’s silver price fix dies after nearly 120 years (FT.com)
CAPITAL MARKETS
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- Euro Five-Year Swap Rich Versus Butterfly on ECB Cut Speculation (Bloomberg)
- Bonded Bankers (Project-Syndicate)
- Global Flows and Global Growth (Project-Syndicate)
- The Dollar is Still King (Project-Syndicate)
- Eurozone fears spook equity markets (FT.com)
GLOBAL MACRO
- Why the Housing Bubble Tanked the Economy And the Tech Bubble Didn’t (ThirtyFiveEight)
- America loves K-cups, but instant coffee rules the world (Quartz)…is that a pic of TestosterTone they have used there?
- The Modern Portfolio Theory Flat earth Society (Institutional Investor)
- Inequality insurance could be solution to future financial disaster (Guardian)
- Piketty: The Market and Private Property Should Be The Slaves of Democracy (Video) (The Real News)
- Global economic recovery marred by inconsistencies (Japan Times)
- Thomas Piketty Is Right About the Past and Wrong About the Future (Atlantic)
- Piketty and the Zeitgeist (Project-Syndicate)
- Ugly deflation in the nineteenth century – and now (RWER)
- Bee Deaths Decline But Remain At Unsustainable Level (Bloomberg)
- Currency Cold War is starting to heat up (FT.com)
- Russia’s Dollar Reserves and Putin’s Visit to China (FinancialSense)
- Deutsche Bank’s Fan warns traders: Don’t be ‘boastful, indiscreet and vulgar’ (FortuneCNN)
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RESEARCH
- Financial openness of China and India: Implications for capital account liberalisation (Bruegel)
- Dealer Financial Conditions and Lender-of-Last Resort Facilities (NY Fed)
- Capital Goods Trade and Economic Development (St Louis Fed)
- How well does foreign direct investment measure real investment by foreign-owned companies? – Firm-level analysis (Bank of Finland)
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