Global Macro:
- The Lender of Last Resort: Lessons from the Fed’s First 100 Years – Working Papers – St. Louis Fed – stlouisfed.org
- Daily chart: Boom and bust – The Economist
North America:
- Jobless Claims in U.S. Decreased Last Week to 410,000 – Bloomberg
- Weekly Initial Unemployment Claims decline to 410,000 – Calculated Risk
- Markit Flash U.S. Manufacturing PMI rises to 52.4 – Markit
- Bernanke, The Economic Recovery and Economic Policy – Federal Reserve
- The Biggest Myth About the Fed – Macro and Other Market Musings
- Guilty Plea Comes in ‘Robo-Signing’ Scandal – Wall Street Journal
- U.S. Deficit Shrinking At Fastest Pace Since WWII, Before Fiscal Cliff – investors.com
- Zillow: Home Prices Rise 1.1% In October – Business Insider
- Happy Anniversary Helicopter Ben! – The Big Picture
- About That Ballooning Deficit . . . – The Big Picture
- U.S. Leading Economic Indicators Rose 0.2% in October – Bloomberg
- California town learns to live on less after falling off its own fiscal cliff – The Guardian
- Tighter rules on Canadian mortgages are justified – Globe and Mail
Europe:
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- Greece can’t return to markets this decade: Steinbrueck – Reuters
- EU Stumbles on Greek Debt Reduction After Clash With IMF – Bloomberg
- London Bankers Become Landlords as Rents Hit Record – Bloomberg
- Euros Still Debating Technicalities of Greek Debt Relief – Global Macro Monitor
- Investor group warns against new Greek debt restructuring – Reuters
- Italy’s housing market shows weakness in third quarter – ansa.it
- Germany Sees Cheaper Loans as Key to Greek Deal – Wall Street Journal
Asia:
- China’s backroom powerbrokers block reform candidates – sources – Reuters
- Analysis: China banks turn blind eye as corporate debt piles up – Reuters
- Great chart showing the importance of China to commodity demand – Bank of Canada
- China’s fiscal revenue squeeze – Global Times
Local:
- Miners lose out on royalty refunds – AFR
- Shadow banking system faces crackdown – AFR
- Retailers relieved but far from relaxed after sales rise – AFR
- Private debt binge leaves economy vulnerable – AFR
- DJs warns of anaemic Christmas – The Australian
- Australia’s flagging productivity performance – The Business (ABC)
- Post boom policy paralysis looms – AFR
Other:
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- Kyle Bass Interview – thetrader.se
- Generation Debt Turns Out to be Baby Boomers – foxbusiness.com
