Links September 12

Global Macro:

How central banks stuffed it. VOX
Copper madness. Zero Hedge

United States:

Is there any value at Citigroup? Chris Whalen
Drop QE3 to stimulate. FT
QE timeline. Calculated Risk
US trade deficit. Calculated Risk
QE prices. Zero Hedge, II
Moody’s threatens downgrade on Congress gridlock. Moody’s
Germany bashes US debt. Reuters

Europe:

Carthaginian terms threaten Draghi plan. Ambrose Evans-Pritchard

Asia:

Wen promises growth. FT
China’s green shoots. Alphaville

Local:

Coalminers threaten shutdown. AFR Honestly, let ’em go.
Swan’s pickle. AFR
Garnuat says coal over-invested. AFR
Case for a deficit. Alan Mitchell As usual, no mention of CRAs which makes the piece meaningless
The boom passes Labor by. Paul Kelly Good one
Spotlight on Stevens. SMH

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.