Links 26 November 2013

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Global Macro / Markets:

  • There is no easy escape from secular stagnation – Financial Times
  • Hedge Funds Have Been Getting Smoked This Year – Business Insider
  • Washington turns bond market upside down – Financial Times
  • A simple explanation of how money moves around the banking system – gendal
  • In Bitcoin’s Orbit: Rival Virtual Currencies Vie for Acceptance – New York Times
  • A Bitcoin Puzzle: Heads, It’s Excitement. Tails, It’s Anxiety – New York Times
  • Under the Iran accord, one mIllion barrels a day of oil could quickly return to global markets – Wall Street Journal
  • Burned Short Sellers Adjust as Stocks Keep Rising – Wall Street Journal
  • Disruptions: If It Looks Like a Bubble and Floats Like a Bubble … – New York Times
  • End this depression? Never – Business Spectator

North America:

  • A Way With Words: The Economics of the Fed’s Press Conference – New York Fed
  • Banks warn Fed interest cut could force them to charge depositors – Financial Times

Europe:

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  • Currency wars and the euro – VOX
  • A disunited Europe will struggle even to disintegrate – Financial Times

Asia:

  • A China Triangle: Bitcoin, Baidu And Beijing – Forbes
  • Roach: Chinese Reform, U.S. Stasis – New York Times
  • China declares air zone over disputed islands – The Guardian

Local:

  • Industry lashes Labor’s carbon stance – The AFR
  • Carbon tax hobbles export industry – The AFR
  • Mitsubishi leads Japanese banks into mortgage market – The AFR
  • Pressure mounts for changes to GST on online purchases – The AFR ; The Australian
  • Gold Coast set for apartment boom – The AFR
  • Foreign-based miners biggest winners in our boom – The AFR
  • Can this be as good as it gets? – The Australian
  • We can’t have our cake and eat it too – The Age
  • Banks restrict loans in mining hot spots – The Age
  • Strong demand stokes LNG flame – Business Spectator
  • A Sydney centric housing boom – Business Spectator
  • The great Australian dream of home ownership has become a fantasy – The Guardian

Other:

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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.