Links 29 October 2013

Global Macro / Markets:

• Does Expansionary Monetary Policy Cause Asset Price Booms; Some Historical and Empirical Evidence – NBER.org
• Wall Street’s Fed fixation – LA Times

North America:

• U.S. pending home sales fall by most in more than three years in September – Reuters
• Why Manhattan Real Estate Is A ‘Bargain’ For Chinese Buyers – Jing Daily
• Keynesians get a cold shower of fiscal reality – The AFR
• US economy shows signs of losing steam – The AFR

Europe:

• Banks Welcome Italy Swaps Move – derivalert.org
• Here’s Who’s Buying Those Insanely Expensive Homes In London – Business Indisder
• Greek government bonds make a dramatic comeback, validating the risky bets of three fund managers – Wall Street Journal
• Christian Noyer urges French government to step up reform – Financial Times
• Optimism about an end to the euro crisis is wrong – Financial Times

Asia:

• Panel says no cover-up in Japan’s Mizuho mob loans scandal – Reuters
• Worst Cash Crunch Since June Shows Robust Economy: China Credit – Bloomberg
• China May Revamp Rural-Land Rights as Part of Reforms – Bloomberg
• Abenomics One Year On – Financial Times

Local:

• Gen Y facing a lifetime of debt – The AFR
• Three years of low economic growth predicted – The AFR
• We can’t afford not to cut red tape – The AFR
• Big banks burst through $400 billion barrier – The AFR
• Pipeline suggests life in mining capex boom – The Australian
• Fears of slump if Holden exits – The Age
• Audit must serve the public interest – The Age
• Conditions in place for retail rush: GPT – The Age
• Housing hopes: Will the souffle rise twice? – Business Spectator
• A surplus policy is good politics, but bad policy – Business Spectator

Other:

• This Isn’t Capitalism — It’s Growthism, and It’s Bad for Us – HBR