News: 2013-12-23
As usual, links do not equal endorsements. I add this disclaimer today because there are a number of links with views that I don’t espouse but I think are interesting nonetheless. Sometimes I post stuff just because I think it’s interesting and don’t really have a view yet.
I should also point out that the same is true about blog posts on this site. Unless I write it, I do not espouse it! Basically, I am the editor. And nothing gets on the site without my approval, but that doesn’t mean that all articles represent my own viewpoint. Rather, it means that these are views and analyses you need to read to get a fuller view of the economy and financial markets.
Lots of links today, so enjoy
Emerging Markets
Thailand opposition party to boycott election – FT.com
Turkey Will Either Lose Erdogan or Democracy – Bloomberg
China
No end in sight for bad-debt malaise at mainland Chinese banks | South China Morning Post
Russia ’98 Crisis Haunts Deutsche Bank’s Smith Seeing China Bust – Bloomberg
China liquidity crunch and stocks: batten down the hatches? | beyondbrics
China reveals Rmb300bn cash injection to calm lenders – FT.com
Worst Cash Crunch Since June Drives Chinese ADRs Slump – Bloomberg
China’s oil sands bet goes sour in Canada | South China Morning Post
Markets
Canadian Dollar Drops to 3-Year Low on Central-Bank Divergence – Bloomberg
German Yields Rise to Two-Month High as Fed Slows Bond Purchases – Bloomberg
Gold’s stunning decline puts it on track for biggest annual loss in 30 years | Financial Post
Distressed hedge funds were the best performing strategy of 2013
Goldman Sachs: Cut your emerging markets exposure a third
Boards with More Women Pay Less for Acquisitions – Sarah Green – Harvard Business Review
Even if Bitcoin fails, cryptocurrencies are here to stay | Financial Post
Into the Bitcoin Mines – NYTimes.com
Will Overstock.com be bitcoin’s great liberator? – latimes.com
Japan
Japan Unveils Record 2014 Budget Draft as Debt Burden Mounts – Bloomberg
North America
The Center of the Universe » Yes, the Fed can set mortgage rates if it wants to!
Central Station: For More Taper Hints, Watch Fed’s Forecasts – Real Time Economics – WSJ
Highlights from the Third-Quarter GDP Revision – Real Time Economics – WSJ
Where in the United States is median income growing?
macroblog: Labor Force Participation Rates Revisited
Without Unemployment Extension, Which States Would Be Hit Hardest? – Real Time Economics – WSJ
Obama Seen Rescued From ‘Terrible’ Year by Better Economy – Bloomberg
Econbrowser: U.S. tight oil production surging
BBC News – Mexican president signs controversial oil and gas law
Europe
An exercise in prolonging a banking credit crunch – FT.com
Armut in Deutschland nimmt weiter zu | DEUTSCHE MITTELSTANDS NACHRICHTEN
Poverty in Germany is increasing. Almost one-fifth of the German population is considered poor. Another 16% is considered vulnerable.
ekathimerini.com | New poll gives SYRIZA clear lead over New Democracy
ekathimerini.com | Winter home rates slump by over 50 percent
Britain
Inflation-beating savings accounts return to the market | Money | The Observer
House prices to rise 30pc in city shortfall – Independent.ie
Retailers cut prices deeply to beat Christmas chill – FT.com
House prices boom is fuelled by in-work poor | Money | The Guardian
Bank of England warning on housing bubble as prices rise – Telegraph
House prices down 5pc over ten years in real terms – Telegraph
Economics
Krugman on microfoundations — neither laws, nor true | LARS P. SYLL
Uber and the Macro Wars – NYTimes.com
Microfounded DSGE models are not only unrealistic — they are also plainly wrong | LARS P. SYLL
Technology
Google Bus Vandalized During Protest – NYTimes.com
Elsewhere
How to Get Your Kids to Go the F*** to Sleep: An Age-by-Age Guide
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