Links 7 November 2013

Global Macro / Markets:

• Quant funds suffer dismal ‘QE’ losing streak – Financial Times
• Bitcoin price reaches a record high for the first time since April – Washington Post

North America:

• Fed’s Pianalto: Tight Mortgage Credit holding back Economy – Calculated Risk
• How the Actual Federal Budget Results for 2013 Compared With CBO’s May 2013 Estimates – CBO.gov
• The Federal Reserve’s Framework for Monetary Policy–Recent Changes and New Questions – Federal Reserve
• Will the Fed “Taper” QE and Change “Thresholds” at the same time? – Calculated Risk
• Wall Street slumlords’ outrageous new scheme: How they could wreck the economy again – Salon.com
• Fed Study: Lengthen Low-Rate Guidance to Fix Unemployment Faster – Wall Street Journal
• The Great Recession may have crushed America’s economic potential – Washington Post

Europe:

• Euro zone Sept retail sales fall more than expected – Reuters
• Spanish banks need 5 bln eur in extra provisions- Bank of Spain – Reuters
• Germany is a weight on the world – Financial Times
• Don’t put Germany on the economic axis of evil – Business Spectator
• Tourists flag a welcome boost to exports – Business Spectator

Local:

• Faltering Euro growth may hit local exports – The AFR
• Big Four banks ramp-up property exposure outside Australia – The AFR
• Countdown to taper aligned with currency relief – The AFR
• COAG reform council tells government to boost services – The AFR
• Call to lift NBN out of the trenches – The Australian
• Jobless rate expected to drift higher – The Australian
• Super changes cost us $53 billion – The Australian
• Labor blamed as car sales skid – The Australian
• Iron ore miners in $65 billion upswing – The Australian
• Hockey blows $3 billion hole in Budget – The Age
• Councils opt for NIMBY approach on growth – The Age
• Joe Hockey’s tax clean-up is taking more than it gives away – The Age

Other:

• Is economics a science? – The Guardian
• The moral case for a one-off wealth tax is compelling – The Guardian