FURTHER FURTHER READING
- What George Bailey can teach us about Quantitative Easing.
- Gavyn Davies on why markets ignore Washington risk.
- Can the shutdown ruin Christmas? Watch the ports.
- John Cochrane: financial reform in 12 minutes.
- US poised to overtake Russia as biggest oil-and-gas producer this year.
FT EVENING ROUND-UP
Wall Street fears mount over US default: "Wall Street expressed mounting concern on Wednesday over the prospect of the first default by the US of its debt obligations as the impasse continued on Capitol Hill on the second day of the US government showdown." (Financial Times)
Obama invites lawmakers to talks over shutdown: "President Barack Obama invited lawmakers to a White House meeting on Wednesday as a government shutdown caused by a congressional impasse over funding continued for a second day." (Financial Times)
Repo 'fire sale' risk worries regulators: "The prospect of financial assets being dumped in a "fire sale" has re-emerged as a substantial risk in a crucial $2tn funding market used by US banks, despite changes since the financial crisis to reduce risk." (Financial Times)
Thai concerns over growing gold habit: "A steep rise in Thailand's appetite for gold has triggered fears that speculative trading involving the metal could hurt consumers, the baht and the broader health of southeast Asia's second-largest economy. " (Financial Times)
US private payrolls growth is sluggish in September: "US companies created fewer than expected jobs in September in an indication that the country's labour market is struggling to pick up pace. Private sector payrolls rose by 166,000 last month on a seasonally adjusted basis, following a downwardly revised 159,000 rise in August, data from ADP, the private payrolls processor, showed on Wednesday. Economists had expected an increase of 180,000." (Financial Times)
