Links – 24th Sept

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Global Macro:

  • WTO cuts global trade growth outlook ABC
  • Excess bullishness Capital Observer
  • ECRI Weekly indicator index growth at highest level since July 2011 dshort
  • Olive oil up 50% in 3 months The Economist
  • Why 2013 will be better according to Barclays eFX News

North America:

  • Schedule for the week ahead Calculated Risk
  • Mortgage rates and MBS yield spreads continue to grow SoberLook
  • The plight of the transports BeSpoke
  • Treasuries recoup most of QE3 losses amid growth skepticism Bloomberg
  • Who is owed by the US NY Times
  • BoA, Merrill Lynch loss linked to options error WSJ
  • Goldman Estimate: QE3 could be $1.2 to $2.0 trillion Calculated Risk
  • Pension crisis looms despite cuts WSJ
  • Great graphic: Lost decade ahead? Marc to Market

Europe:

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  • Euro-Zone States Plan to Boost ESM to EUR2 Trillion – Spiegel DJ Newswire, that old rumour again.
  • Troika sees €20bn gap in Greece’s budget DJ Newswire , Spiegel(via translate)
  • French PM supports giving Greece more time on deficit Reuters
  • Portuguese government backflips on new taxes CNBC
  • Spain ‘will need extra bail-out’ Telegraph UK
  • ECB may not surpervise all banks: Merkel ally Reuters
  • ECB in ‘panic’, says former chief economist Juergen Stark Telegraph UK
  • Václav Klaus warns that the destruction of Europe’s democracy may be in its final phase Telegraph UK

Asia:

  • Reception to mark 40th anniversary of normalisation of China-Japan ties adjusted Xinhua
  • Fresh protests in Japan-China island row Al jazeera
  • China will not ease grip on property market – paper Reuters
  • China ‘takes delivery of first air craft carrier’ France24
  • Japan to switch focus to US-led trade pact WSJ
  • More China links to come in the daily ‘China links’

Local:

  • Whoops! Combet slams door on car handout secrets AFR
  • Labor industrial relations regime under siege in Queensland TheOZ (locked)
  • China targets dairy industry AFR
  • Leadership needed to avoid catching eurovirus , says David Murray TheOz (locked)
  • Judge warns of tax threat to foreign investment AFR
  • Bribery scandal widens The Age
  • Slowing boom to hit bank earnings TheOz
  • Homes cheap at the price and selling well AFR
  • Fear over property sales plan Domain
  • It’s all become a little too desperate in Queensland Real Estate CourierMail

Other:

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  • “The Drugs Don’t Work”: How the Medical-Industrial complex systematically suppresses negative studies Naked Capitalism
  • Iran’s revolutionary guard says expects Israel to launch war Reuters and more Sabre rattling
  • Netanyahu’s red line marks split with US FT
  • Borrowing against yourself WSJ
  • Kickstarter matures Felix Salmon
  • Four-degree rise demands a 90-degree re-think SMH