Links October 12

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Global Macro:

  • The central bank put by El-Erian of PIMCO Naked Capitalism very good read
  • The debt crisis – lessons from history The Economist
  • Gloom and Doom as the world economy slows The Diplomat good overview
  • The weak currencies shall rise and inherit the earth The Economist bye bye battler

North America:

  • Romney in front in Gallup Poll! Business Insider never underestimate the American voter!
  •  “Recovery” in housing in California is leading nation? Bloomberg interesting way to put it
  • US jobless claims fall to lowest in 4 years Fairfax

Europe:

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  • Scariest chart on Greece – youth unemployment Reuters total is now nearly 25%
  • Rating cut puts pressure on Spanish debt Reuters heres the S&P cut detail at Bloomberg
  • Goldman Sachs prez says little chance of Euro staying together Business Insider
  • Nassim Taleb of Black Swan infamy calls Euro project “horrible, stupid” Foreign Policy not if you’re German
  • Coca Cola abandons Greece and heads back to Switzerland Reuters

Asia:

  • Resource rich Canada looks to a “special relationship” with China WSJ h/t Deus Forex Machina ruh roh
  • High stake choices for China’s leaders FT (locked)

Local:

  • CBA Analysts slash iron ore, coal forecasts AFR (locked)
  • Mining money can’t help WA’s structural woes BRW very good piece
  • Very thin Business/Finance news at The Cupboard this morning…can’t find anything you can find elsewhere
  • Negative gearing to go on road to required surplus? Fairfax we can only hope
  • Pump up the immigration says the spruikers Property Observer very poor and sad analysis – babies are expensive so we should just import 21 year olds? WTF?