Links 11 November 2013

Global Macro / Markets:

• Chilling Signs of a Market Top – The Reformed Broker
• Bitcoin at Record, Senate Seeks to Discuss Virtual Money – Bloomberg
• Be Prepared For Stocks To Crash 40%-55% – Business Insider
• Speech–Bernanke, The Crisis as a Classic Financial Panic–November 8, 2013 – Federal Reserve
• Pimco Said to Wager $10 Billion in Default Swaps: Credit Markets – Bloomberg
• The global financial ecosystem – VOX
• On escaping the zero lower bound – The Economist

North America:

• American Homes 4 Rent to Tap New Market for Rental-Backed Bonds – Bloomberg
• Speech: Monetary Policy and the Economic Outlook – frbatlanta.org
• Employment Report: Solid Report ex-Government Shutdown, Seasonal Retail Hiring highest since 1999 – Calculated Risk
  
• What The Jobs Report Really Means – Bloomberg
• US jobs report in pictures – ofthecharts.org
• Good Job Is Good Enough as Subprime Car Buyers Lift Sales – Bloomberg
• Payrolls Jump 204,000 as U.S. Economy Weathers Shutdown – Bloomberg
• The Mutilated Economy – New York Times
• New York Fed Chief Levels Explosive Charge Against Big Banks – Huffington Post

Europe:

• Right Wing’s Surge in Europe Has the Establishment Rattled – New York Times
• German parties reach deal on banking union – Reuters
• Fear of Deflation: ECB Rate Drop Shows Draghi’s Resolve – Der Spiegel
• Germany’s export surplus hits record high – Financial Times
• UK property taxes highest in developed world – The Guardian
• Europe closer to deal to break “doom loop” – The AFR
• Land zoning helped the Irish ‘bubble’ form – Independent

Asia:

• Bloomberg News Is Said to Curb Articles That Might Anger China – New York Times
• Japanese Households Without Savings Climb to Most Since ’63 – Bloomberg
• China’s Soviet-Style Suburbia Heralds Environmental Pain – Bloomberg
• Beijing’s reforms entrench democratic deficit – Business Spectator

Local:

• Turner talks up CBA’s Asia opportunities – The AFR
• Sydney’s apartment boom will be biggest ever – The AFR
• The only way for interest rates to go is up – The AFR
• Abbott starts to shrink public service – The AFR
• Victoria: the nation’s only stable AAA state – The AFR
• Spotlight on APRA as financial sector levies soar – The AFR
• How half our retirement savings went missing – Business Spectator
• Abbott blows smoke around carbon tax repeal – Business Spectator
• The RBA’s crystal ball is as clear as mud – Business Spectator
• Gillard urges Labor to keep carbon tax – The Age
• Payday lenders and the debt trap – The Age
• Self interest kills-off reform hopes – The Age
• End of road for car handouts – The Australian
• Taxation flaws need a remedy – The Australian

Other:

• What can we learn from the Depression – The Economist?
• Defending rational expectations – Mainly Macro
• Ending Too Big to Fail – New York Fed