Links 21 October 2013

Global Macro / Markets:

• How Long Do We Have Before Seeing Hyperinflation? One Expert’s Answer May Frighten You – The Blaze
• Is Nominal GDP Targeting a Rule Policymakers Could Accept? – StLouis Fed
• Fed’s Evans: Bad Idea to Use Monetary Policy to Burst Bubbles – Wall Street Journal
• Investors turn to catastrophe bonds to boost returns – Wall Street Journal

North America:

• Shutdown to Cost U.S. Billions, Analysts Say, While Eroding Confidence – New York Times
• No, The Government Shutdown Didn’t Cost The Economy $24 Billion – Danny Vinik
• Zillow: Home Value Appreciation slows in Q3 – Calculated Risk
• Anatomy of a shutdown – Politico
• Fed needs ’couple of meetings’ before cutting QE3: Evans – Reuters
• Fed isn’t likely to trim its bond buying in October. December and January are on table but unclear – Wall Street Journal

Europe:

• ECB’s Draghi has asked to delay bank bail-in plans -paper – Reuters
• RBS ’bad bank’ due in weeks, says George Osborne – The Telegraph
• Wasted EU Funds: Brussels Ignores Tip-Offs from Greek Official – Der Spiegel

Asia:

• Disengaged Chinese Workers Don’t Look So Scary After All – Bloomberg
• The China-Debt Syndrome – New York Times
• The Chinapocalypse Keeps Not Happening – Slate

Local:

• Hockey looks to sell the family jewels to “shore-up” budget – The AFR
• RBA powerless to stem rise of AUD – The AFR
• Sydney’s auctions fever continue as house prices surge – The AFR
• Abbott looks to open infrastructure up to foreigners – The AFR
• Baby boomers set to flood housing market with family homes – The AFR; The AFR
• RBA warns property spruikers could pose risks to SMSF managers – The AFR
• Budget savings understated – The Age
• Who you gonna call: ghost writers of loans – The Age
• Growth no good if it brings little joy – The Age
• Analysts pop bubble speak – The Age

Other:

• Alan Greenspan on entitlements, politics and what he got wrong – Wall Street Journal
• Greenspan’s ‘Map’ Is Clueless Trip Through Bubble Land – Bloomberg