Links 20 September 2013

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Global Macro / Markets:

North America:

  • 6 things you need to know about Janet Yellen – salon.com
  • Bernanke Confuses Wall Street by Sticking Exactly to His Plan – Yahoo
  • Fed recoils from 1937 tightening error as jobs evaporate – The Telegraph
  • Taper tiger – The Economist
  • Taper shocker: Four explanations for why the Fed held its fire – Quartz
  • Weekly Initial Unemployment Claims increase to 309,000, Four Week Average lowest since October 2007 – Calculated Risk
  • Existing Home Sales in August: 5.48 million SAAR, 4.9 months of supply – Calculated Risk
  • Philly Fed Manufacturing Survey indicates Solid Expansion in September – Calculated Risk
  • “Jobless Recoveries” Likely in U.S. Future, Much Like in Europe – brookings.edu
  • Fed Says U.S. Wealth Fell 38.8% in 2007-2010 on Housing – Bloomberg
  • Bernanke Faith in Housing Seen Shaken in Bonds: Credit Markets – Bloomberg

Europe:

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  • ECB: ECB implements loan-level reporting requirements for asset-backed securities backed by credit card receivables – European Union
  • EU Study: $267 Billion Lost Annually in VAT Take – New York Times
  • European finance officials approved a change to budget policies that would lighten austerity required of countries hardest hit by crisis – Wall Street Journal

Asia:

  • China’s Trade Policies Get a Bum Rap – Wall Street Journal
  • China’s one-child policy could be causing its trillion-dollar housing boom—and its eventual bust – Quartz
  • China’s credit boom is spiralling out of control, warns Fitch – The Telegraph
  • Two Years After His First Visit, An Australian Reporter Revisited One Of China’s Ghost Cities – Business Insider

Local:

Other:

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  • Natural gas from fracking could be ’dirtier’ than coal, Cornell professors find – cornell.edu
  • “Fracking” Shale Gas Emissions Far Worse Than Coal For Climate – desmogblog.com
  • Bombshell Study Confirms Low Methane Leakage from Shale Gas – energyindepth.org
  • Methane Emissions Study – utexas.edu
  • Fracking the Future – How Unconventional Gas Threatens our Water, Health and Climate – desmogblog.com
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.