Links 13 November 2013

Global Macro / Markets:

• Andrew Huszar: Confessions of a Quantitative Easer – Wall Street Journal
• Gold Is No Safe Haven, No New Investment Class, No Substitute For Paper Money – Forbes
• The Uncertain Future of Central Bank Supremacy by Mohamed A. El-Erian – Project Syndicate
• Are We in a Bubble? – Crossing Wall Street
• Taper to hit emerging markets hardest: World Bank – The AFR

North America:

• Here’s Why That Story About The Fed Guy Apologizing For QE Is Total Nonsense – Business Insider
• U.S. to Surpass Saudi as Top Oil Producer by 2016-IEA – New York Times
• Hedge funds are muscling into munis: ’They can smell the blood and the fear’ – Wall Street Journal
• Shadow banks reap Fed rate reward – Financial Times

Europe:

• Switzerland’s Proposal to Pay People for Being Alive – New York Times
• German inflation hits three-year low ahead of UK data – The Guardian
• Easy Money: ECB Embarks on Risky Experiment – Der Spiegel

Asia:

• China keeps state in driving seat but pledges ‘decisive’ reform – Financial Times ; Reuters
  
• Sales of passenger vehicles in China increased 24% last month – Wall Street Journal
• Iron Ore Rallying as Cargoes to China Reach Record: Commodities – Bloomberg

Local:

• Competition in taxis long overdue – The AFR
• BHP struck secret deal over Port Hedland capacity – The AFR
• Hockey: Labor “playing debt roulette” – The Australian [hypocrite!]
• Hockey: Hard decisions needed over deficit – The Australian
• Food boom hosed down – The Australian
• Iron ore at $130/tonne “money for jam” – The Australian
• PM admits Federal debt may blow out – The Age
• Australia’s two-tier credit boom – Business Spectator
• Steve Keen: I will be wrong on house prices – Business Spectator
• Clive Palmer’s people allege widespread “abuse” – The Australian

Other:

• Finance Ph.D.s Are Pretty Good at Finance If They Do Say So Themselves – Bloomberg
• Financial Innovation Is Depressing – Bloomberg
• Economic policy is too GDP focused – The Age