Links: 2013-06-14

Economics

What stops economists exploring new ideas | LARS P SYLL

Macro and Other Market Musings: A Foolproof Approach to Monetary Policy For Both Fiscalists and Monetarists

TheDartmouth.com: Econ prof puts $50,000 price on a good sex life

 

North America

Calculated Risk: Retail Sales increased 0.6% in May

Supreme Court Strikes Down Patents on Human Genes | Threat Level | Wired.com

Toronto condo market puts Canadian economy at risk: Bank of Canada | Mortgages & Real Estate | Personal Finance | Financial Post

Gannett Buying Belo in $2.2 Billion Deal – Peter Kafka – Media – AllThingsD

How Genetically Modified Crops Could Affect Weeds · EarthFix · Oregon Public Broadcasting

Genetically Modified Wheat In Oregon Raises A Seeds vs. Pollen Question · EarthFix · Oregon Public Broadcasting

White House Asked Gensler to Stay at CFTC – WSJ.com

More White Americans Dying Than Being Born – WSJ.com

Insurers Inflating Books, New York Regulator Says – NYTimes.com

 

Fed

Inflation at 53-Year Low Belies U.S. Demand Vigor – Bloomberg

The Fed and emerging markets: The end of the affair | The Economist

“19 of the 24 emerging-market currencies tracked by Bloomberg have fallen in value against the dollar”

Refinancings Plunge as Bond Yields Rise – WSJ.com

Analysis: Fed Likely to Push Back on Market Expectations of Rate Increase – Real Time Economics – WSJ

Two For Tapering – Tim Duy’s Fed Watch

 

Europe

Europe’s reluctant hegemon | The Economist

The economy: Dissecting the miracle | The Economist

Germany and Europe: The Merkel plan | The Economist

Southern Europeans Flee to Germany: OECD – WSJ.com

Unlike Hollande, Citi’s Buiter says Europe crisis far from over – MarketWatch.com

A Greek bond raid – will it work? | FT Alphaville

Standard & Poor’s droht Spanien weiter mit Abstufung « DiePresse.com

Spain remains on credit watch negative by S&P for a downgrade below BBB- into junk territory. I am still looking for an OMT application later this year.

Un juez obliga a Bankia a devolver 1,2 millones a una clienta de preferentes | Economía | EL PAÍS

Zara-owner Inditex’s profits boosted by global expansion – Telegraph

Deputy governor Paul Tucker quits Bank of England | Business | guardian.co.uk

EUobserver.com / Political Affairs / Iceland’s EU bid is over, commission told

EU to end mobile roaming charges next year – Telegraph

Germany seeks to halt EU-Turkey talks over handling of protests – FT.com

“Germany seeks to halt EU-Turkey talks over handling of protests”

 

Japan

Felix Zulauf: Japan Will Be the Root Cause of the Next Global Crisis Also, if consensus is correct, bond markets are at serious risk | FS Staff | FINANCIAL SENSE

Widowmaker of all widowmakers? | FT Alphaville

Japan market rout fails to shake faith in fundamentals – FT.com

 

Emerging Markets

Brazil losing reserves fast as speculators attack real – Telegraph

“Emerging nations from Brazil to Indonesia have acted to stem capital flight as the market sell-off of recent days began to rattle governments across the world. “