Links 12 December 2013

Global Macro / Markets:

• Bubble? Schmubble. Real Problem Is Markets Don’t Work Anymore – Wall Street Journal
• Hedge funds attract billions in new money – Financial Times
• Can We Regulate Systemic Risk? – Project Syndicate
• Time to take the Bitcoin bubble seriously – Financial Times

North America:

• Looking for Stronger Economic Growth in 2014 – Calculated Risk
• Americans Say Dream Fading as Income Gap Hurts Chances – Bloomberg
• Everything you need to know about the Volcker Rule – The Guardian
• The Volcker Rule Will Not Work – Forbes
• The Fed Plan to Revive High-Powered Money – Wall Street Journal
• Budget Deal is Reached – Calculated Risk
• Capitol Leaders Agree to a Deal on the Budget – New York Times

Europe:

• Portugal may find navigating out of bailout a tricky task in 2014 – Wall Street Journal
• EU Finance Chiefs Lay Down Red Line on Creditor-Writedown Rules – Bloomberg

Local:

• Holden’s exit puts heat on Toyota – The AFR
• Government should take lead on Holden’s aftermath – The AFR
• All is not lost with Holden’s exit – The AFR
• Real pain, but effects will be temporary – The AFR
• Holden’s demise was inevitable – The Australian
• Abbott blamed for Holden job losses – The Age
• Is this Joe Hockey’s banana republic moment – The Age
• Holden loss shows need for reform – The Age
• Good riddance to the great Australian con: that we need a car industry – The Age
• The remarkable story of the Australian dollar float – The AFR
• New senators unite on benefits of immigration – The AFR
• Reduce minimum wages and let people work – The AFR
• Robb says people will see TPP deal before it’s signed – The AFR
• Jobless rate expected to hit 5.8% – The Australian
• Tighter Budget rules needed: Think Tank – The Australian
• Australia gambles on exports deal – The Guardian
• The post election consumer honeymoon is over – Business Spectator

Other:

• Why Do Forecasters Keep Forecasting? – Bloomberg