Links 15 October 2013

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Global Macro / Markets:

  • Rich hedge funders to poor: We feel your pain – Yahoo
  • World financial leaders see glimmers of hope for economic recovery beyond US debt impasse – Washington Post
  • Warning of Global Risk, Leaders Urge U.S. to Solve Its Debt Limit Crisis – New York Times
  • Commentary: U.S. fiscal failure warrants a de-Americanized world – xinhuanet.com
  • Big Banks Can Be Dismantled, Say U.S. and U.K. Regulators – Bloomberg

North America:

Europe:

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  • Time to take bets on Frexit and the French franc? – The Telegraph
  • A Greek municipal employee remains on the payroll nearly 3 years after he was convicted of murdering a mayor – Wall Street Journal
  • London’s Great Exodus – New York Times

Asia:

  • Columbia business professor teaches ‘shady’ China deal – New York Post

Local:

  •  Rising property prices sees growth in risky property development financing deals – The AFR
  • BCA seeks deal on domestic gas supply – The AFR
  • Economists disagree with research on GST, food – The AFR
  • Barnaby Joyce flouts promise of food bowl – The AFR
  • Norway orders review of Sovereign Wealth Fund – The AFR
  • BoQ urges government to fix “system inequities” – The AFR
  • States keep billions in royalties grab – The Australian
  • Conroy “root cause” of NBN’s woes – The Australian
  • FTA with China serves up a dilemma – The Australian
  • The Kouk: First Home Buyers are not “locked-out” – Business Spectator
  • How to spot a housing bubble before it bursts – Business Spectator

Other:

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  • Fama, Shiller, Hansen Win 2013 Nobel Prize in Economics – Bloomberg
  • Why the efficient markets hypothesis merited a Nobel – Financial Times
  • Nobel contradiction: Fama v Shiller – Financial Times
  • 9 Fascinating Insights From Nobel Prize-Winner Robert Shiller – Fool.com
  • James Surowiecki: Why C.E.O. Pay Keeps Going Up – New Yorker
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.