Weekend Links for the 11th-12th Jan 2014

Via Macrobusiness.com.au

Global/Macro/Markets

• The State Of The Global Economy In Two Giant Slides – BI
• Bank of America Merrill Lynch slashes gold call to $1,150 and warns it could get uglier - Market Watch
• Blameless Blackrock - Reuters
• Debt Rule Faces Dilution as Regulators Heed Bank Warnings – Bloomberg
• The most damning critique of DSGE – noahpinion
• Baltic Dry Index Collapses 35% – Worst Start To Year In 30 Years – ZH
• The Loopholes In The Volcker Rule – Forbes.
• Wall Street Predicts $50 Billion Bill to Settle U.S. Mortgage Suits -NYT

Australia & New Zealand

• Telstra eyes $3bn Sensis sell-off – AFR
• APRA announcement on DSI-B framework – The Age
• Olympic Dam gaffes leave miners unsure of PM – AFR
• State of the economy in 15 charts – Business Day
• Telstra fined $500k for urban phone line delays – The Age , The OZ
• New home sales surge on unit developments – ABC
• Tony Abbott compares secrecy over asylum seekers to wartime policy – Guardian
• New home sales rise boosts housing recovery hopes – AFR
• CHART: Full-Time Graduate Employment In Australia Has Hit A 20-Year Low – BI
• Australian retailers recruiting generals for yesterday’s war – ZD net

Europe

• Volkswagen’s luxury car brands post record sales – BBC
• In the danger zone – The Economist
• Infosys Raises Sales Forecast as European Demand Revives – Bloomberg
• Greek presidency of EU combines comedy, tragedy – Market Watch
• Eurozone economy shrank 0.3% y/y in Q3: – Twitter Pic via @markiteconomics
• UK Official data paint disappointing picture of industry and construction in November – Markit
• ECB charts familiar course as Japan, US and UK begin to diverge – FT

Asia

• China exports, trade surplus miss forecasts – Market Watch
• Japanese Consumer sentiment worsens again – Japan Times
• India Removes Hurdle for Posco Project Before Park Visit – Bloomberg
• Chinese Millionaire Wants to Turn Wall Street Journal Into People’s Daily – The Diplomat
• India’s industrial output shrinks, trade gap widens – Business Standard
• China overtakes US as world’s largest goods trader – FT
• Indian envoy leaves U.S. in deal to calm diplomatic row – Reuters
• Slowing China crude imports to challenge exporters – FT

Americas

• December Employment Report: 74,000 Jobs, 6.7% Unemployment Rate - Calculated Risk
• US labor force participation back to 1948. – @MatthewPhillips
• Key job statistics in the U.S.- WaPo
• Is Jobless Rate Really Falling? – Bloomberg
• The Zombie Confidence Fairy – Krugman
• Bond yields may put US recovery at risk – AFR
• With Surplus in Hand, California Eyes Debt – NYT
• Holiday sales plunge at Sears U.S., Kmart stores – Reuters
• Is the next wave of job growth in the US coming from construction? – SoberLook
• Half of Congress Members Are Millionaires, Report Says – NYT
• The war over poverty – Krugman
• US subprime car loans return with a bang – FT
• US retailers warn on profits – FT
• Obama Readies Revamp of NSA -WSJ
• Housing experts warn of hiccups as new U.S. mortgage rules go live – Reuters

Other/Interesting

• The Simpsons Pays Tribute to Hayao Miyazaki – Slate