Links 16 September 2013

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Global Macro / Markets:

  • BIS veteran says global credit excess worse than pre-Lehman – The Telegraph

North America:

  • Wall St. Exploits Ethanol Credits, and Prices Spike – New York Times
  • Five years after Lehman, Americans still angry at Wall St. : Reuters/Ipsos poll – Reuters
  • 3 Democrats Say They Will Oppose Summers for Fed – New York Times
  • Canadian household leverage still growing – Sober Look
  • The Totally Unfair Financial Crisis Recovery, In 12 Charts – Huffington Post
  • Can ’Generation Next’ find any jobs? The 2008 crash proves hard on younger adults – Wall Street Journal

Europe:

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  • A Plea for Caution From Russia – New York Times
  • Britain Seen Heading for Fastest GDP Growth Since 2007: Economy – Bloomberg
  • Germany’s ‘boring’ election is vital to the eurozone – Financial Times
  • Bank of England to tackle housing boom fears – The AFR

Asia:

Local:

  • Retailers looking for a bouyant Christmas – The AFR
  • Hedge funds once again bet against Oz banks – The AFR
  • Banks jostle for slice of mortgage market – The AFR
  • Hockey may delay bad Budget news so as not to dampen Christmas confidence – The AFR
  • Infrastructure spending holds potential for economy – The AFR
  • Abbott’s egg shell path to reform – The AFR
  • Coalition’s fiscal backflip risks losing Budget balancing act – The AFR
  • Housing lots shrink by up to one-third – The Australian
  • Jobs slowdown to dominate debate – The Australian
  • Housing boom lifts pressure on loans – The Australian
  • How business lobbyists block reform – The Age
  • Banking boom and taxpayer guarantee – The Age

Other:

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  • What I saw during the financial crisis – Washington Post
  • Lehman Brothers five years on: ’I think we were singled out’ – theguardian.com
  • Remembering the families at the center of the financial crisis: – Fortune
  • ’Follow the Money’: NSA Spies on International Payments – Der Spiegel
  • The Arguments of the Great Recession Are Over. Hooray. – New York
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.