Links 28 November 2012

Global Macro / Markets:

• Monetary policy will never be the same – VOX
• Let Me Tell You Something About The Internet Bubble.. – Business Insider
• The 1990s Stock Bubble Was Much Crazier Than People Remember – Slate
• Volatile loan securities known as CLOs are luring fund managers again – Wall Street Jounal
• I.M.F. Shifts Its Approach to Bailouts – New York Times
• Much Ado About Bitcoin – New York Times

North America:

• Fed Reveals New Concerns About Long-Term U.S. Slowdown – Bloomberg
• Has the Fed Stabilized the Price Level? – New York Fed
• New Boom in Subprime Loans, for Smaller Businesses – New York Times

Europe:

• Financial Stability Review suggests alleviation of financial market tensions, challenges remain – European Union
• ECB warns bailout exit limits Ireland’s options – Irish Times
• Free movement within Europe needs to be less free – Financial Times

Asia:

• Record Spread Blowout Sparks Mini-Crisis Warning: China Credit – Bloomberg
• Firms Take Advantage of China’s Murky Interbank Market – Report – Wall Street Journal
• Who Will China Target Next for Price-Fixing? – Bloomberg
• Special Report: How China took control of an OPEC country’s oil – Reuters
• Is Japan reviving its military mindset? – The Guardian

Local:

• Online GST: More trouble than the tax is worth – The AFR
• Hockey offers states billions to sell-off assets – The AFR
• It’s official, resources investment boom has peaked – The AFR
• Making the pension system more effective could deliver big savings – The AFR
• Warning signs as optimism bubbles – The Age
• Battle on to keep super concession – The Age
• Mining tax delay to hurt savings – The Australian
• Trim health and fix the Budget – The Australian
• The mining sector’s last hurrah – Business Spectator

Other:

• Scrap the Welfare State and Give People Free Money – Reason.com
• The Trouble With Economics Is Economists – New York Times