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| From the alphaville's article. |
Wonderful, voxeu.org and FT's alphaville are both back from the holidays. I am still updating the 2011 and 2012 posts as new material comes along. EUR stable, nothing going on in PIIGS yields or CDS's (remain at elevated levels but under control), interbank markets strained.
- MoreLiver
Then to the links:
News 3-Jan morning – BTH
Daily 3-Jan – Danske (pdf)
Morning Preview 3-Jan – Saxo
Morning Briefing 3-Jan – BNY Mellon
FX option vols – Saxo
Debt crisis: live – The Telegraph
Europe Crisis Tracker – WSJ
EURO CRISIS
The collateral crunch gets monetary – alphaville / FT
Banks and investors just want to get their principal back and are even prepared in some cases to pay out a negative interest rate to ensure that as much of their principal as possible is returned at some date.
Banks and investors just want to get their principal back and are even prepared in some cases to pay out a negative interest rate to ensure that as much of their principal as possible is returned at some date.
Finance Ministry's tax chief quits after charges – ekathimerini.com
Not a week goes by without some crazy Greek news.
Eurozone Q4 ’11 manufacturing growth weakest since mid-2009 – Global Macro Monitor
2011 / 2012
Raising a Glass to 2011 – DealBook / NYT
Best and worst in the financial world
2011 – That Was The Year That Was – Here Is The City
If the Greek debt deal is reached, and some sort of carrot (growth agenda, eurobond roadmap) is offered to the suffering countries, maybe Europe and the euro will make it through 2012… There is a strong commitment by policymakers to the euro, but at some point, without some perceived carrots, the political consensus will eventually disintegrate, and Europe will come apart.
Presenting 2011's Top 10 Most Corrupt American Politicians – ZH
VIEWS
There Is No Joy In Muddlethroughville: World's Biggest Hedge Fund Is Bearish For 2012 Through 2028, And Is Long Gold – ZH
Bridgewater’s views: The uptick in economic growth has been fueled by a decline in the savings rate, which, without material income and employment gains, is unlikely to be sustainable as long-term credit growth also remains weak… You've got insolvent banks supporting insolvent sovereigns and insolvent sovereigns supporting insolvent banks.
Bridgewater’s views: The uptick in economic growth has been fueled by a decline in the savings rate, which, without material income and employment gains, is unlikely to be sustainable as long-term credit growth also remains weak… You've got insolvent banks supporting insolvent sovereigns and insolvent sovereigns supporting insolvent banks.
Presenting Six Views Of The EUR – ZH
DIVERSION
FiveBooks Interviews: Emma Rothschild on Economic History – The Browser
In time of economic crisis, studying the past can teach us much about the world economy today. The professor of history and economics recommends essential reading to get us started
Lack: The Hedge Fund Mirage – Reading the Markets
Book review