Links 24 September 2013

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Global Macro / Markets:

  • The economist who predicted the financial crisis just sounded another alarm—it would be wise to listen this time – Quartz
  • Forward misguidance – Financial Times
  • Simon Johnson: Too Big to Fail and the State of Finance Today – ineteconomics.org

North America:

  • Review, Reflect and Deflect – Dallas Fed
  • Dudley: Reflections on the Economic Outlook and the Implications for Monetary Policy – New York Fed
  • U.S. Fed Shouldn’t Give Forward Guidance, Former Bank of Israel Head Stanely Fischer Says – Wall Street Journal
  • Fed Faces New Era of Thinking Global as Yellen Nomination Nears – Bloomberg
  • Yellen would bring a tougher tone to the Federal Reserve. – Wall Street Journal
  • Rethinking Fannie, Freddie—and the 30-Year Mortgage – Wall Street Journal
  • Flash US Manufacturing PMI at three-month low of 52.8 in September, from 53.1 in August – Markit

Europe:

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  • Merkel win marks end of eurozone’s summer lull – Financial Times
  • ECB: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament – European Union
  • European Systemic Risk Board – European Union
  • Merkel says Europe policy will remain unchanged – Financial Times
  • Mapping The Collapse Of European Democracy – ZeroHedge

Asia:

  • China just bought 5% of Ukraine – Quartz
  • China To Lease 3 Million Hectares Of Ukrainian Farmland – rferl.mobi
  • China Manufacturing Gauge Increases to Six-Month High – Bloomberg
  • China’s Ultimate Debt Holders—Not the Borrowers – triplecrisis.com
  • Indian election could put regional parties in driving seat: poll – Reuters

Local:

  • GST revenue much less than assumed by Federal Government – The AFR
  • Failures keep gas boom locked-up – The Australian
  • Recovery slowed by tax system – The Australian
  • An ageing, growing population will force-up GST – The Age

Other:

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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.