The Weekend Read: Death by Debt

“WE HAVE a system of government in which everybody has to give a little bit.” So said Barack Obama at the start of this week. But parse that sentence. Does the president mean that America already has a system in which everybody has to give a little bit? Or does he mean only that it ought to have such a system? It is not too much to say that the country’s economic well-being hangs on the answer.  Economist

China’s economic growth eases to 9.5% – FT
On the matter of misvalued Chinese land – FT Alphaville

Return of the Gold Standard as world order unravels – Ambrose Evans-Pritchard

Google: Q2 Earnings Destroy Expectations ‘Despite Competitor Efforts’ – IBT

Behind the downgrades and the doubt: A crisis of growth – BBC
Britain Reels from Brutal Austerity–GDP, Jobs Disappoint – Fiscal Times
U.S. CPI drops 0.2% in June as energy costs ease, core hot – Market Watch

Emerging Markets
Brazil: Boom or Bubble? – Council of Americas
The Geopolitics of Brazil: An Emergent Power’s Struggle with Geography – Stratfor

Blame Silvio’s antics for Italy’s bond market fall – FT
Don’t blame Moody’s for a messy euro crisis – FT
Europe must consider radical options – El-Erian
From Italy to the US, utopia vs reality – Martin Wolf
Is the euro doomed? Not so fast – CNN
Italian parliament passes €45bn cuts package – FT
Italy and the euro: On the edge – Economist
Nine banks fail Europe stress tests – FT
True Europeans now need a ‘plan B’ – George Soros

Learning from Crises – Harold James
U.S.turn to be banana republic – Financial Post

Libya After Qaddafi – Project Syndicate

Beginning of the end of the entire crisis? – Mark Hulbert

BOJ June Minutes: Two Members Said More Easing May Be Needed – iMarketNews

Monetary/Fiscal Policy
Dicing with debt and the future – Economist
Plan B Emerges on U.S.Debt – WSJ
Sovereign risk and banks: Joined at the hip – Economist
US triple A rating: brave messengers, Lex – FT
Worried About Debt Limit? The Bond Market Isn’t: Caroline Baum – Bloomberg

Evidence Suggests that the Internet Changes How We Remember – TR|
Locusts Swarm Like Twitterers Tweet – Science Daily
Nanostructures Could Result In Cheaper Electric-Car Batteries – TR
New Way to Store Sun’s Heat – Science Daily
Smart mattress automatically shifts bedfast patients – CNET

Video:  Wreck of 1853 Schooner Found

(click here if video is not observable)

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2 Responses to The Weekend Read: Death by Debt

  1. Pingback: Blog News- Left and Right Views » The Weekend Read: Death by Debt | Global Macro Monitor

  2. Pingback: Italy: The Weekend Read Death by Debt Global Macro Monitor | Euro Economy

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