FURTHER FURTHER READING
- Blaming the debt ceiling debate on... the Germans?
- The ten stealth economic trends that rule the world today.
- A collection of lessons from "the brand builders of the post-Lehman economy". One such lesson might be sub-optimal.
- Richard Florida and Matt Yglesias on population growth and productivity.
- Gavyn Davies on why world trade growth lost its mojo. Paul Krugman responds.
- John Carney's provocative idea for how the president can get around the debt ceiling problem.
- Markets hardly care about government shutdowns, but Panda Cam watchers do.
FT ROUND-UP
Washington shutdown looms as deal hopes fade: "Hopes of a last-minute deal to avoid a partial shutdown of the US government on Monday night are fading, with growing anxiety among Republicans that they will be blamed in any voter backlash over the budget stand-off in Washington." (Financial Times)
Japan's real borrowing rate turns negative: "Japan's real cost of long-term borrowing has dropped below zero, bringing an end to years of high real rates and marking a milestone for "Abenomics". Negative real interest rates are a key feature of Shinzo Abe's war on deflation, which aims to encourage bond-heavy investors to seek higher returns through domestic stocks, loans or property, or by buying assets abroad." (Financial Times)
Global banks cautious on Shanghai free-trade zone: "Overseas banks have given Shanghai's much-hyped free-trade zone a chilly reception – Sunday's launch included just two branches of non-Chinese institutions. The slow start for the zone contrasts with the high expectations for its future, with analysts saying it could herald the most ambitious push for financial reforms in China in more than a decade." (Financial Times)
