Links 27 September 2013

Global Macro / Markets:

• Yield-Oriented Investors and the Monetary Transmission Mechanism – Federal Reserve
• Swaps traders fret ahead of new regulations – Wall Street Journal
• Rising Rates Seen Squeezing Swaps Income at Biggest Banks – Bloomberg
• Here comes the great bond liquidity drought – Euromoney

North America:

• Why Would Anyone Buy Credit Default Swaps on the U.S.? – Bloomberg
• Where Is the Panic Over Deflation? – Bloomberg
• The Fed Is Now Facing The True Cost Of Quantitative Easing – Business Insider
• Looting the Pension Funds: How Wall Street Robs Public Workers – Rolling Stone
• Drop in U.S. Jobless Claims Increases Confidence – Bloomberg
• At 42 months and counting, current job “recovery” is slowest since Truman was president – pewresearch.org

Europe:

• Bailout Fund Boss Says Current Greek Debt Analysis ‘Meaningless’ – Wall Street Journal
• Osborne has now been proved wrong on austerity – Financial Times
• ECB to Open Cheap Cash Taps Again, Possibly by Year-End-Poll – New York Times
• British GDP growth at 3-year high, but investment falls – Reuters
• Who’s afraid of Angela Merkel? – macropolis.gr

Asia:

• Shinzo Abe: Unleashing the Power of ’Womenomics’ – Wall Street Journal
• Pimco Sees Buffett’s India Dream Cut to Junk as Vote Looms – Bloomberg
• Amid corruption probe, Chinese tycoons disappear from view. – Wall Street Journal

Local:

• O’Farrell’s tacit moratorium on CSG – The AFR
• Big super funds take on SMSFs – The AFR
• Financial inquiry must not “cower in the corner” over GFC – The AFR
• Online GST change won’t save retail – The AFR
• Single mums a priority in welfare reform – The Australian
• Bonds eyed to bankroll infrastructure – The Australian
• ANZ chief warns of credit clamp – The Australian ; The Age
• High-rise rush “hurting liveability” – The Age
• BHP call makes baby boomer sense – The Age

Other:

• Earth’s warming unequivocal: IPCC – The AFR