Links 1 November 2012

Global Macro:

• Corporate Bond Sales Topping $3 Trillion Nears 2009 Record – Bloomberg
• Who Loses When Fed Keeps Interest Rates Low? – Bloomberg
• Real estate baron Sam Zell joins ranks of economic doomsayers, arguing world is headed for ‘another recession’ – AFR

North America:

• America’s bank bailouts: They did not have to be so unfair – The Economist
• Obama leads 50-45 in Ohio – publicpolicypolling.com
• Video – What’s The Fiscal Cliff? – Wall Street Journal
• Case-Shiller Home Price Indices Update – The Big Picture
• What Hurricane Sandy Means for Ben Bernanke – The Atlantic
• Treasury says expects to hit debt limit before 2013 – Reuters
• Low savings rate leaves U.S. households vulnerable to economic shocks – Reuters

Europe:

• Euro area unemployment rate at new high of 11.6% – European Union
• German Retail Sales Increased for a Second Month in September – Bloomberg
• France Can’t Compete With Rest of Europe: WTO Chief – CNBC
• New debt forecasts dash Greece hopes – Financial Times
• The elephant in the room: Euro area recession – The Big Picture
• UK strategy of tax cuts and deregulation will not boost growth, government report finds – Reuters

Asia:

• China raises stakes over disputed islands – Financial Times
• China’s strange quarterly GDP revisions could actually be good in YoY terms –FT Alphaville
• China’s incoming leaders are working on a landmark policy to promote higher wages and a more progressive tax system – AFR
• Xi should draw up a new social contract for China – Financial Times
• China’s big banks set for slowest annual profit growth since going public – Reuters

Local:

• Recent bank sector woes show Oz bankers are no more gifted than their European brethren – AFR
• Bailouts are of little use to dying industries, the Productivity Commission says – AFR
• Swan’s budget ‘fiddle’ comes under threat as minor parties threaten to block changes – AFR
• Ex Treasury Chief decries policy short termism – The Australian

Other:

• Hong Kong named top financial center for second year – Reuters
• Imminent Argentine debt default? – euromoney.com
• Cool time lapse video on hurricane Sandy – Jalopnik.com
• Why We Can’t Solve Big Problems – MIT Technology Review