Global Macro:
- Hedge Funds Belt Few Home Runs – Wall Street Journal
- Today’s deficit cut could hurt tomorrow’s growth – AFR
North America:
- Canadian house prices dip -0.4% in September but up 3.6% YoY – Teranet
- Federal Reserve issues FOMC statement – Federal Reserve
- White House seeks removal of Fannie regulator – Financial Times
- Federal Prosecutors Sue Bank of America Over Mortgage Program – New York Times
- Why the Fed Should Buy Munis — Not Mortgages – New York Times
- Moody’s: Echo boomers to reverse declining homeownership – Sober Look
- Fed to keep buying bonds despite firmer U.S. growth – Reuters
- Housing Was a Huge Headwind; Now It’s a Small Tailwind – jaredbernsteinblog.com
- New Home Sales and Distressing Gap – Calculated Risk
- New home sales jump to near 2-1/2 year high in September – Reuters
Europe:
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- Draghi Defends Bond Purchases With Warning of Deflation Risk – Bloomberg
- Germany proposes Greece pay primary surplus into trust account – ekathimerini.com
- Euro area government debt up to 90.0% of GDP – European Union
- German Ifo Business Confidence Unexpectedly Fell in October – Bloomberg
- Greece says has finalised austerity package – Reuters
- Eurozone downturn deepens in Sep as PMI hits 40-month low – Markit
Asia:
- JP Morgan gets burned in China property deal – buyhometoday.com
- Beijing to Launch 70 Bln Yuan Plan to Rescue Solar Industry – Caixin Online
- China flash PMIs are up, but there’s a catch – FT Alphaville
- Chinese Banks’ Credit Risks to Emerge – S&P – Fox Business
- China to Speed Reforms of Some State Sectors – Wall Street Journal
- Gee, the bullish spin on China’s tepid Q3 numbers is just amazing – Shanghaiist
Local:
- BoQ toughens up on bad debts – AFR
- Cost of carbon tax less than estimated – Peter Martin
- Foreign property investment still smoke and mirrors – The Age
- Inflation may quash housing recovery – AFR
- Government inflation puts rate cuts at risk – AFR
- Mining tax raises zero revenue in first three months – The Australian
- 1,400 jobs on line at remote NT mine – The Australian
- Curb spending to return to surplus – The Australian
Other:
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- In U.S., Obesity Up in Nearly All Age Groups Since 2008 – gallup.com
- The case for nominal GDP targeting – Mercatus Center