Links 6 December 2013

Global Macro / Markets:

• French central bank warns against using bitcoin – The Telegraph
• Greenspan Says Bitcoin a Bubble Without Intrinsic Currency Value – Bloomberg ; Video
  
• Age of Austerity Nearing End May Boost Global Economy – Bloomberg
• Is QE deflationary or not? – Financial Times

North America:

• Weekly Initial Unemployment Claims decline to 298,000, Q3 GDP Revised up to 3.6% – Calculated Risk
• Drug-Cost Surprises Lurk Inside New Health Plans – Wall Street Journal
• Treasury Chief to Declare Big Gains in Financial Reform – New York Times
• Wages As a Percent of US Corporate Profits Lowest Since WWII – Jesse’s Americain Cafe
  
• The best speech Obama has given on the economy – Washington Post

Europe:

• Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion – Bank of England
  
• Greece struggles to outlaw its Golden Dawn Fascist party – Wall Street Journal

Asia:

• China Restricts Banks’ Use of Bitcoin – New York Times ; Bloomberg ; Financial Times
  

Local:

• Joyce intent on gaining Government help for Qantas – The AFR
• Government reluctant to bail-out Qantas – The AFR ; The Australian
• Joyce prepares for bad news – The Australian
• Job losses sharpen focus on Qantas – The AFR
• Green’s deal could backfire on Coalition – The AFR
• Housing to rise, but won’t stave-off downturn – The AFR
• The case for forcing shoppers to pay GST on online purchases is too weak – The Guardian
• Manufacturing decline is limited – The Australian
• Holden to close car plant: Coalition – The Australian
• Government, Opposition deny Holden closure plan – The Australian
• Promises haunt Coalition – The Australian
• Bank capital and other fallacies – The Australian
• Infrastructure spending is no substitute for micro-economic reform – The Australian
• The age of the slogan is finally over – Business Spectator
• Korean FTA deal over, now big one looms – The Age