Links 21 November 2013

Global Macro / Markets:

• Things are grim if we need bubbles to achieve full employment – The AFR
• Farewell crisis, hello stagnation – The Australian
• Bubble fears as US stocks break records – Financial Times

North America:

• US Fed may begin to taper soon – The AFR
• US existing home sales fall in October – The Australian
• October Existing-Home Sales Cool but Low Inventory Drives Prices – realtor.org
• Fed Minutes Takeaways: On Track to End QE, but Stick to Low Rates – Wall Street Journal
• Bernanke: Rates to Stay Low ’Well After’ Jobless Rate Hits 6.5% – Wall Street Journal

Europe:

• Silent assassins chase German savers – Business Spectator
• ECB Said to Consider Mini Deposit-Rate Cut If Needed – Bloomberg
• France in Fed taper line of fire – Financial Times

Asia:

• China’s Smaller Banks Exposed to Bankruptcy Risk: Fang Xinghai-Caijing – Caijing

Local:

• How stuffed is the Aussie economy? – Whale Oil
• The worrying Abbott paradox – The AFR
• Murray not a good choice for Financial System Inquiry – The AFR
• IMF calls for urgent spending cuts – The AFR
• The debt ceiling is a political weapon – The AFR
• A smashing month for real estate sales – The AFR
• Sydney heads for apartment surge – The AFR
• Don’t rely on housing to make up for mining downturn – The AFR
• Time right to remove GST loophole – The Age
• Fed hold key to lower AUD – The Age
• Treasury backs Coalition on debt – The Guardian

Other:

• Coal Seen as New Tobacco Sparking Investor Backlash: Commodities – Bloomberg