I am a bit short of time this week so I am posting today’s links without summaries or comments. Still, these are notable news stories.
I will say this, the story on corporate bond issuance slowing to a crawl and this one not in the links on EM bond and equity fund outflows speaks to the depth of the crisis due to tapering fears. The EM story is going to dominate headlines for some time to come.
Lenders cut mortgage rates by up to 0.45% | Money | The Guardian
US house sales fall by 13.4% casts shadow over economic recovery | Business | theguardian.com
Emerging market rout threatens wider global economy – Telegraph
Did Fed’s Forward Guidance Backfire? Paper Says Probably – Real Time Economics – WSJ
Fed’s Lockhart: ‘comfortable’ with cautious September taper | Reuters
Global corporate bond issuance at lowest level in five years – FT.com
Obama in crossfire as battle for control of the Fed hots up | Business | The Observer
Did Fed’s Forward Guidance Backfire? Paper Says Probably – Real Time Economics – WSJ
Elizabeth Warren May Control Larry Summers’s Fate – Bloomberg
Emerging market rout threatens wider global economy – Telegraph
An Economist Confused About Banking – Bloomberg
BBC News – Great Reversal and the Fed
Fed should focus on mortgage buys, sell Treasuries: study | Reuters
Calculated Risk: 5% 30 Year Mortgage Rates?
NSA links
Scoring the game so far: NSA is winning, we’re losing – Fabius Maximus
NSA used PRISM surveillance on Kim Dotcom- The Inquirer
Ich bin ein Cyberpunk • OnPoint • Public Address
Tech firms’ responses to latest NSA disclosures cloud the truth, experts say – Techworld.com
NSA Officers Sometimes Spy on Love Interests – Washington Wire – WSJ
Julian Assange: Google’s just an arm of US government • The Register
Transcript of secret meeting between Julian Assange and Google CEO Eric Schmidt
Google and the NSA: Who’s holding the ‘shit-bag’ now? | The Stringer
The Confidential Memo at the Heart of the Global Financial Crisis | VICE United Kingdom