Links 23 June 2014

Global Macro / Markets:

• Why I Love High-Speed Trading – Bloomberg
• The perils of returning a central bank balance sheet to ‘normal’ – Financial Times
• IMF girds for market storms ahead – Wall Street Journal
• Argentina says next bond payment ’impossible’, default looms – Reuters

North America:

• Taxi medallions have been the best investment in America for years. Now Uber may be changing that – Washington Post
• A bad sign for Uber? Company lowers rates 25 percent in LA – scpr.org
• Public Faith in Congress Falls Again, Hits Historic Low – Gallup.com
• It’s Official: The Boomerang Kids Won’t Leave – New York Times
• A Housing Bubble-Like Bust Is Coming To America’s Colleges – Business Insider
• Warsh and Druckenmiller: The Asset-Rich, Income-Poor Economy – Wall Street Journal
• America As A Lousy Exporter – New York Times
• Young workers hate their jobs – Washington Post
• Two-thirds of U.S. states haven’t recovered the jobs they lost in the recession – Wall Street Journal
• Housing Falters as Forecasters See U.S. Sales Dropping – Bloomberg
• The Fed’s Never-Ending Downward Growth Revisions – Wall Street Journal

Europe:

• A tawdry deal over jobs will leave Europe the big loser – Financial Times
• The IMF has urged the ECB to consider large-scale Asset Purchases – Wall Street Journal
• Quantitative easing not needed yet, ECB official says – Wall Street Journal

Asia:

• China Property Failures Seen as $33 Billion in Trusts Due – Bloomberg
• Chinese Government Tightens Constraints on Press Freedom – New York Times
• China’s Real-Estate Wrongs by Yao Yang – Project Syndicate
• The city of Beijing now has almost as many people as the entire country of Australia – Wall Street Journal
• A Hong Kong showdown looms – The Economist
• Why Living in Beijing Could Ruin Your Life – Bloomberg
• In Push to Assert Rights, China Plans to Send 2nd Oil Rig to Waters Near Vietnam – New York Times
• Japan business mood defies economic headwinds, backs BOJ optimism – Reuters

Local:

• Interest rates ease fears of a housing market crash (puff piece) – The AFR
• Coalition to refuse Coalition FOFA changes – The AFR
• Coalition has gotten it wrong on FOFA changes – The AFR
• FOFA reforms benefit banks and profit pushers – The AFR
• LNG takes centre stage in global energy struggle – The AFR
• The new force in wealth creation – The AFR
• Joe Hockey is in no panic about the Budget – The AFR
• Childcare costs eating-up income – The Australian
• $170 a day: Childcare costs rocket – Canberra Times
• Childcare costs a huge stumbling block – The Guardian
• RIO wants simpler approvals process – The Australian
• Uber Ap approval no closer in QLD – Brisbane Times
• Pass Budget, let people suffer: MP – Canberra Times
• Keep seniors and women working to support an ageing population – Canberra Times
• Keep seniors and women in the workforce – The Guardian
• Why consumers just aren’t buying it – Canberra Times
• FOFA changes need a real estate reality check – Canberra Times
• Plan Melbourne: the winners and losers – The Age
• CBA ignored evidence of $100 million fraud – The Age
• Why Chinese investment matters to Australia – Business Spectator
• Aussies are saving for the rainy days ahead – Business Spectator
• Large majority want to keep RET – The Guardian

Other:

• Austerity and Hysteresis – New York Times
• Advertisers have lost the attention of a generation – Financial Times