Links 11 October 2013

Global Macro / Markets:

• Debt impasse exposes Achilles’ heel of finance – Financial Times
• Morgan Stanley Sees Gold Lower in 2014 as Goldman Says Sell – Bloomberg
• Global greying – piera.co.uk

North America:

• Signs of Thaw As House GOP Proposes Short Debt-Limit Extension – National Journal
• Burying the economy to save it – The Economist
• Big banks plan for missed US payment – Financial Times
• I Don’t Know What Will Happen If We Default, and I Don’t Want to Find Out – The Atlantic
• The Dollar and the Debt Ceiling by Barry Eichengreen – Project Syndicate
• HK exchange prepares for US bond default – Financial Times
• Real Estate Boom in Phoenix Brings Its Own Problems – New York Times
• The Big-Bank Subsidy – New York Times
• Republican Party Favorability Sinks to Record Low – gallup.com

Europe:

• Hedge funds profit in land of Greek opportunity – Financial Times
• Draghi’s Next Move Seen Easing Liquidity as Rates on Hold – Bloomberg
• ECB creates currency swap line with China Central Bank – Wall Street Journal
• ECB: Europe’s pursuit of ‘a more perfect Union’ – European Union

Asia:

• How young women in China become mistresses – aeonmagazine.com
• China’s Hunger for Gold Triggers Speculation About Reserves – Wall Street Journal
• IMF’s Zhu Says China Has Tools to Deal With Debt Levels – Bloomberg

Local:

• RIO aims high with Pilbara expansion plans – The AFR
• Coalition turns up heat on financial advice rules – The AFR
• Leisure industries push Abbott to ease penalty rates – The AFR
• PM’s North Asia target – The AFR
• Farmers seek greater slice of FTAs – The Australian
• Private cash ready to fix gridlocked cities – The AFR
• Abbott rejects reforms of MP expenses – The Age ; The Age
• Coalition confronts “soft” jobs market – The Australian
• The sickening cost of health care – The Australian