Links December 3rd

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Global Macro:

  • The “Great Rebalancing” of the euro area and the global economy ECB
  • The imperfect world of George Soros Foreign Policy
  • 4 companies provided half of SPX 2012 earnings growth Big Picture
  • Mr China comes to America The Atlantic

The Americas:

  • Geithner predicts republicans will accept higher tax rate Reuters
  • NML CAPITAL, LTD., ET AL., -v.- REPUBLIC OF ARGENTINA Shearman & Sterling
  • Fed officials spar on effectiveness of current monetary policies Reuters
  • SEC Chief Schapiro delayed rule over legacy concerns WSJ
  • US banks warned on global reforms FT
  • Economists revise down US Q4 GDP expectations on weak Oct spending ForexLive
  • Schedule for the week ahead Calculated Risk

Europe:

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  • ESM loses another AAA FTAlphaville
  • And they’re a bit confused about it ESM
  • Draghi expects EMU recovery to start in 2nd half of 2013 MNINews
  • or S&P : Spain, Italy to remain in recession in 2013 eFXNews
  • or Greek deal puts Eurozone in slow recovery room Reuters
  • or read Yanis Varoufakis
  • Merkel does not rule out future Greek debt haircut Reuters
  • France and Italy battle to keep high-speed rail on track France24
  • Greek debt “transformed into a zero-coupon perpetual bond” SoberLook
  • Portugal Govt asks for better conditions on aid deal similar to Greece eFXNews
  • Spain’s Rajoy says it may be difficult to meet deficit target Reuters

Asia:

  • China ‘dictorial’ in Scarborough shoal dispute, saya Albert del Rosario South China Morning Post
  • Alarm as China issues riles for disputed area NYT
  • Russia and China close to Su-35 deal .. again The Diplomat
  • North Korea plans new rocket launch as leader asserts power Reuters

Local:

  • PM unveils plan to cut household electricity bills The Australian as states threaten to block it AFR
  • NAB faces investor ire before AGM AFR
  • Vic pokies spending down $62m after ATM ban ABC
  • Significant investor visa buys retirement SBS
  • Pre-Xmas auction blitz AFR
  • Another week goes by in surreal Queensland politics CourierMail
  • Retail centres cautious but optimistic on sales SMH

Other:

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  • The case for drinking as much coffee as you like The Atlantic
  • The autism advantage NYT