Links 1st October 2013

Global Macro/Markets:

• Italian political turmoil hits markets – Reuters , or not
• IPOs in Europe Leapfrog U.S. Amid Cheap Valuations – Bloomberg
• Sovereign wealth funds: transparently inadequate – FT
• JPMorgan’s Biggest Mistake – Bloomberg
• Volcker Rule Costs Tallied as U.S. Regulators Press Deadline – Bloomberg
• 10 stealth economic trends that rules the world today – Atlantic

North America:

• Government shutdown would threaten fragile economy – Ben White
• Government shutdown very possible – Calculated Risk , Dash of Insight, Reuters
• Obama and Ryan Stay on Sidelines on Budget – WSJ
• The republican lost cause – bring Obama down – FT
• The JP Morgan apologists of CNBC – Felix Salmon, Reuters
• America Has a Moral Obligation to Borrow and Spend – Slate

Europe:

• The Eurozone’s calm before the storm – Nouriel Robini
• Resignations in Italy put government in crisis – NYT , Open Europe
• Italian Premier pursues last-ditch rescue of government – WSJ
• EZ annual inflation down to 1.1% – EU , BBC
• Austrian parties set to renew grand coalition after election slap – Reuters
• Statement on review mission of Greece – EU
• French defence minister says export potential of A400M huge – Reuters
• Spanish treasury sees debt-to-GDP at 99.8% at end of 2014 – Yahoo
• Spain’s retail sales fall 4.2%, 38 consecutive negative months – Mish
• Spanish current account – Reuters Charts
• EZ’s falling excess reserves – SoberLook
• UK mortgage approvals at 5 year high – BBC

Asia:

• Faltering Chinese Factory Growth Adds to Rebound Fears – FT
• Japan August output slips – seen rising on exports, domestic demand – Reuters

Local:

• RBA official told ‘don’t put it in writing’ – AFR
• RBA statement to ABC media – ABC
• Only one more rate cut to come , maybe – SMH
• Infrastructure debate gains traction – AFR
• St George looking at smart-watch banking app – AFR
• A housing bust’s biggest loser – SMH
• Jakarta strives for asylum boats unity with Australia – TheOz
• Election result boosts profit outlook – SMH
• It’s a bonanza, hardly a bubble – TheOz

Other:

• How do you say ‘blog’ in German – NYT
• 7 private islands that cost less than a flat in London – BuzzFeed
• The irresistible rise of the Muslim middle class – Project Syndicate
• Star wars lightsabers finally invented – Guardian
• Apple Overtakes Coca-Cola as Most Valuable Brand, Study Finds (BBG)