Weekend Links – Sept 7th-8th

Global Macro/Markets:

• G-20 leaders declaration – EU
• G-20 Faces growth threats as Syria adds to QE exit risks – Bloomberg
• Apple Supplier fire spurs biggest chip price rise in 3 years – Bloomberg
• The big risk to the markets: a spike in Treasury yields. – Market Anthropology
• Gorman says chance of another Financial Crisis ‘Close to Zero’ –Bloomberg

North America:

• August Employment Report: 169,000 Jobs, 7.3% Unemployment Rate (graphs) – Calculated Risk
  
• ISM August Non-Manufacturing Index Rose to 58.6 From 56 – Bloomberg
• The student loan bubble is starting to burst – CNBC
• Are We There Yet? – Federal Reserve Bank of Chicago – chicagofed.org
• Summers Faces Key ‘No’ Votes if Picked for Fed – WSJ
• The Federal Reserve Nomination – NYT
• Failed Policy — The 401(k) Shrinks In A Growing Economy – The National Memo
• Financial Crisis: For Corporations and Investors, Debt Makes a Comeback – WSJ
• Jumbo mortgage rates fall below traditional ones – WSJ

Europe:

• European Central Bank Chief Tamps Down Optimism- NYT
• The case for optimism in the UK. – Gavyn Davies
• Rehn’s Austerian mask slips. – Krugman
• Estimating the ECB’s “extended period of time” – Vox
• Sovereign default risk and banks in the Europe’s monetary union – Vox
• ECB: Monetary policy and financial stability under one roof – European Union
• IMF warns Norway over housing bubble – Financial Times
• Ireland to seek 10 bln euro credit backstop, Noonan tells paper – Reuters
• Bogged-Down Banking Fight Leaves EU Vulnerable to Relapse – Bloomberg
• Moody’s changes outlook on Germany’s banking system to stable from negative – Moody’s

Asia:

• China’s fragile economic reality – CNN
• BIS: China yuan enters top-10 most frequently traded currencies – Wall Street Journal

Local:

Yes, it’s election weekend so don’t forget to vote..

• Tony Abbott, Coalition, poised for crushing win – The Oz , AFR
• Abbott’s most dangerous pledge – Pasco
• ASIC left out in the cold – BusinessDay
• Behind the hidden home loan boom – AFR
• Why the Australian Economy Is the Next Great Test for Macroeconomic Theory and Policy – Slate
• Canberra property market likely to slow down, especially under Coalition – Property Observer

Other

• Putin: Russia will continue to help Syria if US attacks – BI
• Iran will support Syria ‘to the end,’ says military chief – AP
• Pentagon Is Ordered to Expand Potential Targets in Syria With a Focus on Forces- NYT
• Russia says it’s compiled 100-page report blaming Syrian rebels for a chemical weapons attack – McClatchy
• China says Syria crisis can’t be resolved with military strike – Reuters
• U.S. Decided Not to Horse-Trade With Russia on Assad – WSJ
• Why Nokia Died: Nobody buys phones anymore – The Atlantic
• N.S.A. Foils Much Internet Encryption – New York Times