Links: 27 September

Global Macro:

•  The dawn of systemically important commodity traders – FT Alphaville
• Hedge Fund Skeptics Warn on ‘QE Infinity’ – US Business News – CNBC
• Why Japan And China Buy US Debt – Business Insider

North America:

• July Case Shiller Beats And Misses At The Same Time – Zero Hedge
• Fed Helps Lenders’ Profit More Than Homebuyers:Mortgages – Bloomberg
• Chart of the day: The long decline of labor – Reuters
• Housing Was at the Root of the Great Depression, Too – Bloomberg
• Rebalancing the Economy in Response to Fiscal Consolidation – Liberty Street Economics – New York Fed

Europe:

• Death by 11.5 billion cuts – Inside Greece
• Germany clears last hurdle to ESM bailout fund ratification – Reuters
• Spain’s borrowing costs rise sharply – Financial Times
• ESM investor presentation – European Union
• French unemployment tops 3 million as economy struggles – BBC
• Is the worst over for the euro zone? – Washington Post

Asia:

• Property Slump Reshapes List of China’s Richest – WSJ
• My little China growl | FT Long Short – Financial Times

Local:

• High-risk loans put lie to GFC claims – The Australian
• GDP per capita growth anaemic – The Age
• Iron ore prices to remain subdued: ANZ – The Age
• Australia’s high household debt creates vulnerability: S&P – AFR
• RBA tried to contain bribery evidence – AFR

Other:

• What if rich countries shut the door on immigration? – Opinion – Thailand Business News