Links for 6 December 2012

Advertisement

Global Macro:

  • Goldman cuts gold forecast on expectation of higher rates and growth – financialpost.com
  • Global Banking Under Siege as Nations Tighten Local Rules – Bloomberg
  • Innovation Crisis or Financial Crisis? by Kenneth Rogoff – Project Syndicate
  • Shadow Banking: Economics and Policy – imf.org

North America:

  • Taking the Threat of Default Out of the Debt Limit – US Treasury
  • America is not Greece: Low funding costs give U.S. room to borrow – Reuters
  • ISM Non-Manufacturing Index increases in November – Calculated Risk
  • Fed set to launch fresh bond buying to help economy – Reuters
  • Fracking Boosts U.S. Oil Output to Nearly 15-Year High – Wall Street Journal
  • Those Idiotic ‘Fiscal Cliff’ Countdown Clocks? All Wrong. – The Big Picture
  • Manufacturing: ISM PMI vs. Markit – Calculated Risk
  • The rest of the world thinks the fiscal cliff is ridiculous – Washington Post
  • How Much Is the Fed Driving Home Prices? – The Big Picture

Europe:

Advertisement
  • Transparency International Ranks Greece as Most Corrupt in EU – Der Spiegel
  • Euro Crisis Feeds Corruption as Greece Slides in Rankings – Bloomberg
  • How Ireland Got Its Groove Back – Foreign Affairs

Asia:

Local:

  • National income slumps at fastest rate since GFC – AFR
  • Ditch surplus & spend more: McKibbin – AFR
  • Iron ore & coal add pressure to trade – AFR
  • Loosen purse strings says QLD builders – AFR
  • Lower growth is new normal – RBA speech
  • Banks feel pressure of rate cut – The Age
  • Falling national income pressures government revenuew – The Age
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.