Global Macro:
- BlackRock’s Fink calls for sharper global bank-recapitalization – euromoney.com
- Quantitative easing only benefits the financial sector, UK research finds – phys.org
- Fiscal policy: Let go of the brakes – The Economist
- In the battle of the generations, the battleground will be inflation – The Economist
North America:
- FRB: Beige Book – October 10, 2012 – Federal Reserve
- Tracking the U.S. Banking Industry – Liberty Street Economics – New York Fed
- MBA: Mortgage Purchase activity highest since June – Calculated Risk
- Fiscal Cliff May Be Felt Gradually, Analysts Say – New York Times
- U.S. Downgrade Seen as Upgrade as U.S. Debt Dissolved – Bloomberg
- U.S. shadow homes inventory lowest in over three years: CoreLogic – Reuters
- Is Canada immune from a housing bubble? – The Globe & Mail
Europe:
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- IMF Sees European Banks Facing $4.5 Trillion Sell-Off – Bloomberg
- Italy set to ease austerity with tax cuts – Financial Times
- IMF warns eurozone on capital flight – Financial Times
- Spain may get nod to ease pace of fiscal cuts – Reuters
Asia:
- China Gets Back to Work – New York Times
- China’s Economic Slowdown Felt By Its Young Generation – PBS.org
Local:
- Perth & Sydney rents hit a record high – the AFR
- Banks ease lending standards but no bubble: APRA – the AFR – no macroprudential either!
- Why interest rates will go lower for longer – the AFR – just look to NZ: OCR at 2.5% since 2009
- Two sides of the labour market coin – the AFR
- Unemployment expected to rise: economists – The SMH