Links: 2013-06-08

Markets

The king of the bond market makes another bold call – FT.com

Record outflows from US junk bond funds – FT.com

 

US Jobs – Fed

Jobless claims fall, labor market gradually improving | Reuters

Reading the jobs report through the Fed’s eyes | Money Supply

More of the Same – Tim Duy’s Fed Watch

Fed on Track to Ease Up on Bond Buying Later This Year – WSJ.com

Fed’s Plosser says jobs report another reason to trim QE3 | Reuters

How Many Jobs Does the Economy Need to Add to Bring Down Unemployment? – Real Time Economics – WSJ

Bulk of U.S. Payroll Gain in Jobs Paying Less-Than-Average Wages – Bloomberg

Walmart workers speak out: ‘I do not earn enough. I cannot survive like this’ | Business | guardian.co.uk

 

United States

Analysis: U.S. government shutdown battle looms as budget woes fester | Reuters

Our new house-price indicators: Bubble-hunting | The Economist

TRULIA REPORTS ASKING PRICES UP 16.3 PERCENT YEAR-OVER-YEAR IN THE LEAST AFFORDABLE HOUSING MARKETS – Trulia.com – Press Releases

Sky’s the limit when it comes to EM appetite for US real estate | beyondbrics

Household Wealth Jumps to Pre-Recession Levels – WSJ.com

In The Balance : Still Digging Out: Real Net Worth per Household Has Rebounded 63 Percent Since Hitting Bottom in Early 2009

Monsanto Sued on Behalf of Farmers Over Modified Wheat – Bloomberg

First U.S. drone strike under new Pakistan prime minister kills seven | Reuters

John Thain Talks CIT, Deals and Markets – MoneyBeat – WSJ

 

Canada

A Brewing Canadian Crisis, and What Americans Learned About Bubbles | The Motley Fool

Canada housing booming? Construction jobs leaves economists stumped | Mortgages & Real Estate | Personal Finance | Financial Post

Canada posts biggest job growth in a decade | Economy | News | Financial Post

 

Europe

Who Has Draghi’s Back? – NYTimes.com

ECB holds interest rates on hopes of recovery – Telegraph

Draghi lauds ‘most successful’ ECB action – FT.com

BBC News – European Central Bank cuts growth forecast

Latvia Leader Reassures on Banks – WSJ.com

Depositors, senior lenders safe in EU bank restructurings: EC official | Reuters

SNS Reaal Hit by Dutch Property Slump – WSJ.com

BBC News – German central bank cuts growth forecasts for 2013 and 2014

 

Greece/IMF

BBC News – European Commission denies IMF Greece ‘mistakes’ claim 

BBC News – Greek lessons for the IMF – and Europe

Austerity, the Gold Standard and the Eurozone: Today’s Guardian Editorial | Yanis Varoufakis

ekathimerini.com | Turnover in Greek tourism sector fell by 16.9% in first quarter of 2013

ekathimerini.com | Arrivals at local airports soar 18.4 pct

ekathimerini.com | Greek economy shrank by 5.6% in first quarter of 2013, ELSTAT says

 

Britain

UK security committee ‘shocked’ over Huawei contract with BT – FT.com

Bank of England says no to more QE – Telegraph

 

Japan

Japan’s vast pension fund to buy more stocks – FT.com

Soros Returns to Japanese Stocks – WSJ.com

 

Elsewhere

S&P cuts outlook on Brazil sovereign rating – FT.com

China likely to tolerate 7 percent growth before hitting stimulus button | Reuters

 

Tech

Samsung Electronics loses $12 billion market value on smartphone worries | Reuters

Downbeat Galaxy S4 View Hits Samsung Shares – Digits – WSJ

 

Other

Aging Nations Like Low Prices Over High Income: Cutting Research – Bloomberg

Krugman – more Wicksell than Keynes | LARS P SYLL

Nadal, the Lord of Suffering – WSJ.com

Survivorship Bias « You Are Not So Smart

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