Global Macro:
- Israel mobilises. WSJ
North America:
- What should the President do? Paul Volcker
- The nervous wait for Congress. FT
- Sandy hits industrial production. Calculated Risk Or did it? Zero Hedge
- On eve of fiscal talks, positions harden. Reuters
- Talks constructive. Bloomberg
- It’s the earnings, stupid. Prag Cap
Europe:
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- 1930s medicine sends EZ into recession. Telegraph
- France rejects budget compromise. FT
- Draghi, one for the birds. Alphaville
- Europe is rooted. Kyle Bass
Asia:
- Obama to head SE Asian push. FT The pivot to Asia…
- Who’s more rooted, China or India? Time
- Minack sees risk as rooted. Alphaville
- Investors warned on Indonesia. AFR
Local:
- IMF wants more capital for banks. SMH No! say banks. The Oz
- Faith in leaders collapses. The Oz
- Catholic royal commission is political. Paul Kelly Maybe, but I would have thought that it was a moral no-brainer
- Housing to bounce on rents. AFR Maybe Sydney and Darwin
- Housing bounce to be cautious. AFR Yep, slow melt goes on
- Buy mining, says Blackrock. AFR Perhaps disclosure that Blackrock in BHP’s largest shareholder is in order?
