Global Macro / Markets:
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Bitcoin cashes in as its first ATM opens in Vancouver – Gaurdian
- Credit Suisse Dismisses London Trader Over ‘Unusual Trading’ Losses – WSJ , Bloomberg
- Twitter Said to Attract More Than Enough Interest for IPO – Bloomberg
- Patent war goes nuclear: Microsoft, Apple-owned “Rockstar” sues Google – Ars Technica
- Warren Buffett’s favorite market indicator shows the US stock market is overvalued. – FT Alphaville
- What the stock market has historically done in the last 20 days of a bull market. – Avondale Asset
- The opportunity in bonds. – Humble Student
- Fed’s Lacker admits inflation fears proved unfounded – WSJ
North America:
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US October Manufacturing PMI down to 51.8 – Markit
- Large banks to be tested on new standard – WSJ
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A War on the Poor – Krugman
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Fannie Mae Sues Banks for $800 Million Over Libor Rigging – Bloomberg
- Friday: Vehicle Sales, ISM Manufacturing Index – Calculated Risk
- Kerry admits spying went too far – BBC , FT
- He must be so proud: Obama halted NSA spying on IMF and World Bank headquarters – Reuters
- 47M Americans hit by food stamp cuts starting today – USA Today
Europe:
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Yanis Varoufakis: The US Treasury is Right About Germany’s Eurozone Policies: Here is Why – NakedCap
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UK Energy Firms Guilty of Market Manipulation to Face Criminal Charges – OilPrice
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Mediobanca hints at Italian euro exit unless Germany shifts on EMU policy – Ambrose
- R.B.S. to Split Off $61 Billion in Loans Into Internal ‘Bad Bank’ – NYT
- Draghi’s Deflation Risk Complicates Recovery (BBG)
- Europe moves nearer Japan-style deflation trap with shock price falls – Telegraph UK
- Why the ECB may have to do something next week in charts – Fullcrum Assets
Asia:
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Tepco split looms as utility lacks ability to deal with Fukushima disaster- Vancouver Sun
- Nissan slashes full-year profit forecast 15% (FT)
Local:
- Abbot to bring in new IR supremo – TheOz
- Long odds for Tom Waterhouse – SMH
- Jakarta warns spying could damage trust – TheOz
- Federal government to offer $2.2m for land owners hit by native title claims – TheOz
- Big four banks defy profits of doom – AFR
- Reform health care or risk collapse – TheOz
- Global digital wars take Australia hostage – AFR
- Car grants must push for improved performance – AFR
- Million dollar suburbs the new norm – SMH
Other:
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- Economics as a moral science — Crooked Timber
- Falling trend in CO2 emissions – BBC
- There’s no global wine shortage – Felix Salmon