Links: 2013-07-13
Belated links from Friday and the weekend. Some tech links coming later
We’re Pretty Sure Rick Santelli Said It Was About Inflation – Business Insider
Spain out of recession, must nurture recovery: minister | Reuters
Senators Want to Resurrect Depression-Era Curbs on Risk Taking – WSJ.com
Brooklyn Home Prices Rise to Record in N.Y. Sales Frenzy – Bloomberg
UPS warns on profits, cites weak economy | Reuters
Constitutional crisis pushes Portugal closer to the brink – Telegraph
Gangs Ruled Prison as For-Profit Model Put Blood on Floor – Bloomberg
Fitch Ratings Downgrades France – WSJ.com
Fed’s Plosser: Time to Taper Bond Buying, End by Close of Year – Real Time Economics – WSJ
BBC News – Portugal’s borrowing costs jump as political tensions rise
U.S. Actions in Snowden Case Threaten Right to Seek Asylum | American Civil Liberties Union
Treasuries Extend Steepest Weekly Gain in 13 Months – Bloomberg
Unless the economy outperforms expectations, I expect bonds to rally even more as the Fed’s dovishness sinks in.
Beijing, Shanghai World’s Worst Airports for Delays – China Real Time Report – WSJ
Warren Joins McCain to Push New Glass-Steagall Law for Banks – Bloomberg
China Can Endure Growth Slowdown to 6.5%, Finance Chief Says – Bloomberg
This is a good demarcation line for when policy makers start taking action.
ekathimerini.com | Merkel, Schaeuble stress opposition to new Greek haircut
These comments are in contrast to Merkel Ally Fuchs who says he sees restructuring in 2014 or 2015.
https://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_10/07/2013_508600
BBC News – S&P upgrades Ireland’s credit outlook as debt falls
ekathimerini.com | Greek unemployment rate rises to 26.9 pct in April
The numbers will continue to get worse for a while still before they stabilize. That the EU is still looking for more public sector job cuts in this situation is unfathomable. It shows you how absurd the policy framework in Europe is.
Guardian publisher ‘expected to report £35m loss’ – Telegraph
Sober Look: Who said you have to own 100% of your house?
Detroit city workers, retirees push back on pensions | Reuters
Corporate Insiders Shift From ‘Buy’ to ‘Sell’ as Bankruptcy Nears – WSJ.com
“In the final three months before the filings, the average number of insider stock buys each month plunged to 29, from 176 a month one year earlier, a drop of more than 80%. Insiders’ selling eased only slightly, to 86 trades a month from 91.”
Latin America demands answers from U.S. on spying | The Raw Story
What am I missing in the Snowden affair? – Opinion – Al Jazeera English
REITs Deepening Bond Losses as Leverage Forces Sales – Bloomberg
NSA scandal delivers record numbers of internet users to DuckDuckGo | World news | The Guardian
Fixed mortgage deal for homeowners aged up to 80 | Money | guardian.co.uk
Financial innovation “to help older homeowners ‘deal responsibly with outstanding debt'”
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