Links 18 October 2013

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Global Macro / Markets:

  • How traders might have made money manipulating massive currency markets – Quartz

North America:

  • Here Are The 144 Republicans Who Voted To Send The U.S. Into Default – Business Insider
  • Signs of a new credit bubble emerge in business lending – CNBC
  • Fed’s Fisher warns of potential U.S. housing bubble, MBS buys – Reuters
  • Provision Temporarily Suspends Debt Ceiling – New York Times
  • Gridlock Has Cost U.S. Billions, and the Meter Is Still Running – New York Times
  • The Tea Party’s Pyrrhic Victory – Bloomberg
  • This fiscal fight cost the US economy $24 billion—but that’s just the beginning – Quartz

Europe:

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  • Germany’s finance ministry denies report it is preparing third bailout for Greece – ekathimerini.com
  • Europe’s debt crisis credibility hangs on thin Irish thread – The Telegraph
  • Britain comes in from the cold: a cautionary tale – The AFR

Asia:

  • The anatomy of a Shanghai land grab: Residents kidnapped, their homes destroyed – Marketplace
  • China bears go back into the cave – The AFR

Local:

  • It’s high time to abolish the ACCC – The AFR
  • Industry challenges Abbott’s climate policy – The AFR
  • China sets tone for FTA talks with Robb – The AFR
  • Tax man warns DIY funds against property binge – The AFR
  • Higher bank hedging costs to hit borrowers, business – The AFR
  • Shell defends Browse plan – The Australian
  • Jobs shock looms after graduate glut – The Australian
  • Bubble alarmism ignores history – The Australian

Other:

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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.