Links 14 October 2013

Global Macro / Markets:

• The Fed’s Downward Trend at the Top – New York Times
• Big fund managers go into battle over tougher US capital rules – Financial Times
• Why the level of government debt may not matter – Financial Times
• Being A Long Term Investor in a Short Term World – The Big Picture
• Markets dance to the tune of easy money – Financial Times

North America:

• Commentary: The Foolishness of Default Denialism – National Interest
• How to Handle a Debt Default. You Know. Just in Case – Bloomberg
• Here are 7 debt-default doomsday scenarios – CNBC
• Shutdown starts to bite for US businesses – Financial Times

Europe:

• Paul Tucker: Solving too big too fail: where do things stand on resolution – Bank of England
• U.K. authorities examine potential rigging of currency markets- Wall Street Journal
  
• IMF and Europe part ways over bailouts for euro-zone members – Wall Street Journal

Asia:

• Japan, Rising? Shinzo Abe’s Excellent Adventure – Milken Institute
• China to cut 2,000 coal mines – The AFR
• Chinese exports in surprise drop – The Age

Local:

• Shorten elected Labor leader – The AFR
• Price hype driving vendors prices too high – The AFR
• Baby Boomers finally hit retirement – The AFR
• Australia faces extremely expensive emissions bill: Ross Garnaut – The AFR
• Caution on financial services reform – The AFR
• The labour market is weaker than it looks – The AFR
• The true cost of corruption – The AFR
• Australian focus as G20 chair should be long-term growth, not sugar hits – The Australian
• Without an FTA, Australia is being discriminated against in China – The Australian
• Coalition plans new budget rules – The Australian
• Reform lag puts billions at risk – The Australian
• Forget the fight against height – The Age
• It’s a steep climb for Roy Hill – The Age
• Gittins:Governing for all, or just for Business – The Age

Other:

• Sticky Wages and the Macro Wars – New York Times
• Abundance & revolution – Stumbling & Mumbling