Links September 6th

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Global Macro:

  • Investment Outlook – ​The Lending Lindy – PIMCO
  • Barclays heads roll over Libor – The Telegraph
  • Bloomberg Markets’ 50 Most Influential: The People With the Power – Bloomberg
  • Econbrowser: The gold standard and economic growth – Econbrowser
  • Is That All There Is? The Remarkably Small Costs of Quantitative Easing – piie.com
  • Economist’s View: ‘Zero Lower Bound Denial’ – Economist’s View
  • PIMCO’s Gross spotlights crumbling credit in September outlook – Reuters

United States:

  • Trulia: Asking House Prices increased in August, Rent increases slow – Calculated Risk
  • How Bill Clinton’s Balanced Budget Destroyed The Economy – Business Insider
  • Why the Minimum Wage Doesn’t Explain Stagnant Wages – New York Times
  • Are Democrats the Party of Austerity? – CNBC
  • Lehman’s Detroit Escape Means 90% Loss on Properties: Mortgages – Bloomberg
  • Democrats don’t want to go back to Clinton-era rates – Washington Post
  • Why big banks are hazardous to US financial health – The Economic Times – indiatimes.com
  • Food Stamps Hit Record High In June 2012 – Huffington Post
  • Second-quarter productivity raised, wage inflation muted – Reuters
  • Warren Buffett’s municipal weapons of mass destruction | MuniLand – Reuters

Europe:

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  • ECB Plan Said to Pledge Unlimited, Sterilized Bond-Buying – Bloomberg
  • Bank of Spain comment on emergency liquidity for banks – bde.es
  • German bond auction struggles as ECB expectations weigh – Reuters
  • Details Of ECB Bond Plan – Business Insider
  • Euro zone sales fall in July as consumers struggle – Reuters
  • Greek exit fears strengthen Draghi’s hand – Financial Times
  • Goldman Has The Most Devastating Description Of The ECB’s New Bond Buying Scheme – Business Insider
  • Fiddling the figures while Rome (and Madrid) burns | FT Long Short – Financial Times
  • European Central Bank bond purchase plan: It makes sense once you see it’s an ECB power grab – Slate
  • Hedge funds bet France is more peripheral than core – Reuters
  • FT Alphaville » Some more Draghi-day prep – Financial Times
  • Eurozone demands six-day week for Greece – The Guardian

Asia:

Local:

  • Miners forced to take discounted prices for iron ore – Business Spectator
  • Economy hit hard as resources go backwards – AFR (you ain’t seen nothing yet)
  • Spending up, but so are costs to household consumers – AFR
  • Miners forced to cut prices – AFR
  • Resource states take the lead again, defying talk of a mining slowdown – AFR (wait till the Sept quarter’s numbers are released)
  • Aussie dollar may drop below parity – AFR (about bloody time)
  • Ageing tsunami approaching – AFR
  • Police & Nurses Credit Union cuts max LVR on mortgages to 90% – Banking Day
  • Swan blasts economy doomsayers – The Age What do they say about official denial?
  • Australia eyes Spain as world’s 12th biggest economy – The Age
  • Falling iron ore prices creates havoc for mining services – The Age (MacroInvestor went short weeks ago)

Other:

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