Links 1 November 2013

Global Macro / Markets:

• BILL GROSS: I Got Rich At The Expense Of The Less Well-Off And I Feel Guilty About It – Business Insider
• Investment Outlook – Scrooge McDucks – PIMCO
• Are markets at risk of 1999-style Fed bubble? – CNBC

North America:

• Wall Street Firms Poised to Disappoint Bankers on Bonuses – Bloomberg
• The best and brightest are turning away from Wall Street – CNBC
• The economy may dash expectations that the Federal Reserve could scale back its bond buying sooner rather than later – Wall Street Journal
• Federal Reserve issues FOMC statement–October 30, 2013 – Federal Reserve
• Treasury report to Congress on FX policies – US Treasury

Europe:

• Fawlty Europe – The Economist
• Greek Recovery Makes Stocks World’s Best as Paulson Buys – Bloomberg
• Germany calls U.S. criticism of its economic policies ’incomprehensible’ – Wall Street Journal
• U.S. Treasury blasts German economic policies – Wall Street Journal
• US Treasury attacks Germany over surplus – Financial Times
• ECB establishes standing swap arrangements with other central banks – European Union
• Italy has lost nearly a decade’s worth of jobs – Quartz
• Euro area annual inflation down to 0.7% – European Union

Asia:

• Japan Salaries Extend Fall as Abe Urges Companies to Raise Wages – Bloomberg

Local:

•  Car Industry will die without subsidies – The AFR
• Ministers see no future for Holden – The Age
• Holden a driving test for Liberal principles – The AFR
• Holden ultimatum on aid – The Australian
• RBA in denial about asset bubbles, particularly housing – The AFR
• Strong interest in CBD high-rise dwellings – The AFR
• Abbott backs Huawei ban on NBN – The AFR
• The age of entitlement really is over – The AFR
• Tough questions on ASIC dodged – The Age
• Really, housing isn’t a great investment – The Age
• Wages ‘cost us Asian projects’ – The Australian
• Economy poised for new growth: Clyne – The Australian
• Data deconstructs housing market fallacies – Business Spectator
• Australia needs new manufacturing hero – Business Spectator

Other:

• Keep the Economists off the Trading Desk – Reformed Broker