Links 13 December 2013

Global Macro / Markets:

• Technology vs globalisation as cause of the declining labour share – Financial Times
• Investment Fads and Themes, 1996-2013 – The Reformed Broker
• Venture Capital Bets Big on Bitcoin – New York Times
• A safer financial system is now within our grasp – Financial Times
• World Led by U.S. Poised for Fastest Growth Since 2010 – Bloomberg

North America:

• Weekly Initial Unemployment Claims increase to 368,000 – Calculated Risk
• The winners and losers of the Murray-Ryan budget deal – The Guardian
• Fed officials are testing a bond-trading program that could transform the way the central bank sets short-term rates – Wall Street Journal
• Potential Fed Nominee Fischer on QE: ‘Dangerous’ but ‘Necessary’ – Wall Street Journal
• Fracking boom pushes US oil output to 25-year high – The AFR

Europe:

• Draghi Builds Stress-Test Credibility in ECB Bank Review – Bloomberg
• Dismantle the euro, says Nobel-winning economist who once backed currency union – The Telegraph
• ECB poised to get tough on sovereign bond risks – Financial Times
• Euro Zone industrial output drops sharply – The AFR

Asia:

• Researchers Make Predictions for China’s Economy in 2014 – Wall Street Journal
• China’s coal emissions death toll – The Guardian

Local:

• Welcome to the real world: NBN, we’ve blown it – The AFR
• NBN strategy just beating around the bush – The AFR
• Coalition NBN to cost $12 billion more and take longer – The Guardian
• Stevens: We need a dollar close to 85 cents – The AFR
• Stevens: Bank guarantee should have a fee – The AFR
• General Motors wanted extra $80 million a year – The AFR
• Fixing our runaway spending must be more profound than cuts – The AFR
• Work practices choke Toyota – The Australian
• Newman prepares for sell-offs – The Australian
• Abbott urges RBA action on dollar – The Australian
• Running over car industry myths – The Australian
• Cash beckons Toyota to stay – The Age
• Australia “fails” anti-tobacco bid – The Age
• Holden gone. What chance Qantas – The Age
• Abbott’s broken promise to child care workers is a cruel betrayal – The Guardian

Other:

• Fifty Shades of Financial Jargon: An ’Erotic FinFiction’ Q&A – Bloomberg
• What Is Post Keynesian Economics? – larspsyll.wordpress.com