Links 27 September 2013

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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:

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  • 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:

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  • Earth’s warming unequivocal: IPCC – The AFR
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.