Links 10 December 2013

Global Macro / Markets:

• Low inflation is becoming a major headache – Financial Times
• Hugh Hendry: US and China in reflexive pursuit of growth – Financial Times

North America:

• Wall St prepares Volcker rule legal challenges – Financial Times
• Glass-Steagall Fans Plan New Assault If Volcker Rule Deemed Weak – Bloomberg
• Celebrations of Too Big to Fail’s Demise Are Premature – Bloomberg
• Martin Feldstein – Saving the Fed From Itself- New York Times
• Budget deal expected this week amounts to a cease-fire as sides move to avert a standoff – Washington Post
• Fed closer to strategy for tapering bond buying – Financial Times ; New York Times

Europe:

• Germany and France close on banking union deal – Financial Times
• The spirit of the season: speech by Mark Carney – Bank of England
• ECB: Euro area monetary policy: where we stand – European Union
• Greece sees highest deflation on record in November as consumer prices fall 2.9 pct – ekathimerini.com
• Greek recession slowed again in Q3 as economy shrank by 3 pct – ekathimerini.com

Asia:

• China steps toward market-based interest rates – Wall Street Journal
  
• The Thorny Challenge of Covering China – New York Times

Local:

• SMSFs “sowing seeds of next financial wreck” – The AFR
• Voters turn on Abbott – The AFR
• Adelaide’s elite put hand out for post-Holden future – The AFR
• PC: Overhaul of project approvals processes needed – The AFR
• Economist back faster action on IR reform – The AFR
• Abbott loses carbon tax edge – The Australian
• Each Holden job costs taxpayers $50k – The Australian
• High wages stall Holden – The Australian
• PM’s decision on cars means tough times ahead – The Age
• Labor left car industry cash – The Guardian
• The car industry’s productivity is good – The Guardian
• Qantas wants level playing field – The Australian
• Gas plea for pollies to stand aside – The Australian
• Demand grows for apartments – The Australian
• Workers call it quits to work longer – The Age
• Barnaby Joyce urges debate on agriculture – The Guardian

Other:

• Robert Shiller Blasts Fellow Nobelists’ Ideas To Their Face During His Acceptance Presentation – Business Insider