Links 6 November 2013

Global Macro / Markets:

• Hedge Funds’ ‘Two and Twenty’ Era is ‘Done’: Larch Lane – Barron’s
• Don’t curb ’efficient’ high-speed trading, says ECB report – CNBC
• Beyond the Zero – Contrarian Corner

North America:

• Trulia: Asking House Price Increases “Slowing Down” – Calculated Risk
• CoreLogic: House Prices up 12.0% Year-over-year in September – Calculated Risk
• Banks offering mortgages with only 5% down payments – CNN Money
• Two Fed Economists Have Given Us A Big Hint About What The Fed’s Next Easing Move Will Be – Business Insider
• PMIs signal record rates of output growth and job creation – Markit

Europe:

• ECB: Banking Union – essential for the ins, desirable for the outs! – European Union
• Italian banks near saturation point on government debt – Reuters
• Pressure mounts on Draghi following eurozone forecasts – Financial Times
• Germany is the self-centred euro king – Business Spectator

Asia:

• China’s central bank warns of inflation risks – The AFR
• Former BoJ governor talks down deflation risk – The AFR
• Why markets are holding their breath on China – Business Spectator

Local:

• RBA Says Aussie ‘Uncomfortably High’ as It Holds Key Rate – Bloomberg
• Hockey axes superannuation, FBT changes – The AFR
• Last rites for wealthy super tax – The Australian
• Near record low reserves for bad debts props-up bank profits – The AFR
• COAG fails to deliver on reforms – The Australian
• Global warming exaggerated: John Howard – The Australian ; The Age
• State rolls-out port, land assets – The Australian
• Pressure mounts for public service job cuts – The Age
• Dollar still “uncomfortable high” – The Age
• Iron ore rally boosts miners – The Age
• More job cuts at Queensland coal – The Age
• Look both ways on interest rates – Business Spectator
• Can Abbott talk-up what he talked down? – Business Spectator

Other:

• Why can’t banking be more like baking? – timharford.com
• The era of taxing capital at lower rates than labour should end now – Business Spectator