Links 5th October

Global Macro:

• QE3 has been fully priced in? Hmmm Goldman Sachs via Zero Hedge
• World food prices jump to six months high Bloomberg phew, thankfully no inflation around

North America:

• Blame Canada! The next housing bubble to burst Business Insider lucky we have nirvana here
• US factory orders slump – largest fall since January 2009 Reuters check out this chart from Markit
• Weekly unemployment claims increase! Calculated Risk QE3 is awesome!
• 1st US presidential debate was last night – here’s some analysis at Naked Capitalism my take: where’s the presidents???

Europe:

• EU doubts Spain’s deficit cut target Bloomberg
• A German slow down? FT Alphaville Nein! Yah…
• More doom and gloom from the FT Alphaville doomster merchants – why the UK output gap could be a chasm

Asia:

• The Tragedy of China’s Energy Policy The Diplomat
• Why shorting Japanese bonds – so far – has been disastrous for Kyle Bass, according to Nomura Business Insider
• Chart of the Day from FT – China’s economic growth is slowing – more doom and gloom. Have a little faith baby

Local:

• NAB getting sued for $1bn losses in subprime moves case to US The Cupboard (locked)
• Bond market is “a portent of gloom” AFR doomster merchants – what’s with all the negative waves Moriarty?
• No wait – its equity and bond markets “pointing to local slowdown” says the AFR I thought you guys just hired a cheerleader?

Other:

• What have the economists ever done for us? Credit Writedowns indeed
• Best headline yesterday: Hedge Fund seizes control of Argentinian Naval Ship Business Insider