Links 31 October 2013

Global Macro / Markets:

• 3 Things Gold Bugs Need to See Now: McCullough – Yahoo
• Do investors have too much information? – Fortune

North America:

• Federal Reserve issues FOMC statement–October 30, 2013 – Federal Reserve
• Fed Should Target Spending, Not Inflation – Bloomberg
• What $45 Billion a Month Looks Like Over Time – tfmkts.com

Europe:

• Spanish banks to get 28 billion euros capital boost from state: sources – Reuters
• ECB: Results of the October 2013 euro area bank lending survey – European Union
• Blackstone Vies With Goldman in Spain Rental Housing Bet – Bloomberg
• Bank of England’s Mark Carney places a bet on big finance – Financial Times

Asia:

• Nine worst doctored photos of Chinese officials – scmp.com
• Despite PBOC Liquidity, Chinese Repo Rates Blow-Out To 4-Month Wides – Zero Hedge

Local:

•  APRA tells banks to restrict dividends – The AFR
• What lies behind APRA’s letter to the banks – The AFR
• Home prices to hit six times wages: ANZ – The AFR
• Port Hedland’s post mining boom hangover – The AFR
• The demise of the Australian car industry is inevitable – The AFR
• Car sector may not survive: MacFarlane – The Australian
• Canberra’s $640 million bank account raid – The Australian
• $200 million, but no desal water – The Age
• Carbon target of 5% “inadequate” – The Age
• Beware dead-wood in retail’s root-and-branch review – Business Spectator

Other:

• Cash for Clunkers: An Evaluation of the Car Allowance Rebate System – Brookings.edu
• How Anxiety Can Lead Your Decisions Astray – HBR.com