Links 11 December 2013

Global Macro / Markets:

• JPMorgan files patent for Bitcoin-style payment system – Financial Times
• Why Is Everybody Sitting on Huge Piles of Cash? – Bloomberg
• Get ready, here it comes: A December taper – CNBC
• Jim Chanos, bad news bear, urges market prudence – Reuters

North America:

• Now There Is a Volcker Rule – Bloomberg
• There are six big arguments against the Volcker Rule. Here’s why they’re wrong – Washington Post
• Inflation Likely to Continue Below 2%, Fed Paper Suggests – Wall Street Journal
• The Volcker Rule draft regulations and fact sheet – Washington Post
• U.S. exits GM stake, taxpayers lose $10 billion – Reuters
• Why Do Measures of Inflation Disagree? – frbsf

Europe:

• ECB’s Draghi calls for banking union, economic reforms – Reuters
• Money and monetary institutions after the crisis – European Union
• The ECB’s reserve currency dilemma – Financial Times

Asia:

• Foreign banks fear cross-fire over China’s new rules – The AFR

Local:

• Holden fears support will end in 2016 – The Age
• Holden makes its business case – The Age
• Hockey grabs for Holden’s steering wheel – The AFR
• Hockey dares GM to leave – The AFR
• Let go of Holden and look to the future – The AFR
• Grim outlook for Holden as buyers vote with wallets – The AFR
• Toyota’s warning to unions on future – The Australian
• China’s greenland holding sells $300 million of Sydney apartments – The AFR
• No Pacific trade deal without market access – The AFR
• Less government largesse with super pensions – The AFR
• Abbott’s competition review is long overdue – The AFR
• Coalition sides with small firms – The Australian
• Labor’s spending outpaced growth – The Australian
• Gloomy mid-year statement expected – The Guardian
• Young “locked-out” of property market: Opposition – The Australian
• Qantas woes more than ownership issue – The Australian
• Qantas and unions to talk job cuts – The Age
• Perverse regulation keeps bills high – The Australian
• Will we sell-out to the Americans? – The Age
• Tony Abbott’s Government needs to make some decisions and stick to them – The Guardian
• Abbott is manufacturing a jobs disaster – Business Spectator
• Australia stares down an electricity ‘death spiral’ – Business Spectator

Other:

• An economy of outsourced servants – Al Jazeera
• The 10 Worst Economic Predictions Ever – Zero Hedge
• Rethinking the Idea of a Basic Income for All – New York Times