Links 13 November 2013

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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:

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  • 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:

Other:

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  • 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
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.