Links 4 November 2013

Global Macro/ Markets:

• Bubbles and the broth – The Guardian
• Quantitative Easing has Pushed Investors into Alternatives – ai-cio.com
• Activism is Going Global, Citi Warns Clients – New York Times

North America:

• The Improbable Story Behind America’s Fracking Billionaires – New Republic
• The Fed Can Only Fail – Peak Prosperity
• Large Banks to Be Tested on New Standard – Wall Street Journal
• Fed’s Lacker Admits Inflation Fears Proved Unfounded – Wall Street Journal
• The collapse of US infrastructure spending, charted – Financial Times
• The US capital stock: old and busted, but why? – Financial Times
• US Infrastructure Spending Plunges – Naked Capitalism
• 47M Americans hit by food stamp cuts starting today – USA Today
• ISM: AMERICAN MANUFACTURING ACCELERATES IN OCTOBER – Business Insider
• The Fed’s Last Troublemaker – National Journal
• The American Health Care System Sucks – Business Insider

Europe:

• The Harm Germany Does – New York Times
• Raw Nerve: Germany Seethes at US Economic Criticism – Der Spiegel
• Greek Banks Broke Twice Over, As Bad Loans More Than Double Capital Base – Zero Hedge
• Europe moves nearer Japan-style deflation trap with shock price falls – The Telegraph
• The US Treasury is right about Germany’s Eurozone policies: Here is why – Yanis Varoufakis
• High home ownership linked to high unemployment: study – Reuters
• EU must unite against sceptics and populists, says Italian prime minister – The Guardian
• 15 Facts That Reveal The Utter Insanity Of Britain’s Housing Market – BuzzFeed [Brilliant]

Asia:

• Iron focus shifts to China’s regions – The Australian
• A world to turn upside down – The Ecnomist

Local:

• Turnbull hints at cheaper NBN with Huawei involvement – The AFR
• ANZ, NAB back open door policy for foreign investment – The AFR
• Chevron braces for another Gorgon cost blow-out – The AFR
• Why it’s time to step back from the property hype – The AFR
• Car grants must push for improved performance – The AFR
• Have the banks dropped the Oliver Twist routine? – The Age
• HECS a risky investment – The Age
• Food bowl industry must see the light – The Australian
• Grandstanding won’t boost growth – The Australian
• Stop spinning the auto sector’s wheel of misfortune – Business Spectator
• Murdoch is right. We need more refugees – Business Spectator

Other:

• An exclusive interview with Bill Gates – Financial Times
• Four Intriguing Ideas for How to Fix the Banks – Bloomberg