Plenty of good ones on Europe today...
Previously on MoreLiver’s:
Roundups & Commentary
US Opening News And Market Re-Cap –
Ransquawk / ZH
Frontrunning
– ZH
Overnight
Sentiment & Key Events – ZH
The Lunch
Wrap – alphaville
/ FT
Emerging
N.Y. headlines – beyondbrics
/ FT
Today’s
front pages – presseurop
Daily press
summary – Open
Europe
Former
Polish Finance Minister: ECB bond-buying worst option for the eurozone
Morning MarketBeat:
Stocks Can’t Shake Summer Fatigue – WSJ
Broker Note
Briefing – WSJ
Morning
Take-Out – NYT
AM Dear
Dairy – Macro
and Cheese
US session ahead
Pre-market
Commentary – Marketwatch
Pre-Market
Trading – CNNMoney
Pre-Market
– NASDAQ
US Equity Preview – Bloomberg
Earnings
& Events – The
Street
MarketCurrents
– Seeking
Alpha
Reference
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
EUROPE
Draghi's incomplete vision for the future – Open
Europe
Ultimately, Draghi's unwillingness to put a
price tag on any of his suggestions or explain how they can be delivered in a
democratic manner makes them hard to believe. The German public deserve better
'solutions' than this.
[Interview] France and Germany moving towards closer political union – euobserver
"You will be surprised in the autumn by
the degree of movement that will have taken place in some member states,"
says Thomas Wieser, one of the economists preparing plans for banking union
ahead of the October EU summit.
Converging competitiveness and balance sheet
recessions – alphaville
/ FT
Nomura’s Richard Koo is back to bang the
balance-sheet-recession-drum and has taken a look at falling unit labour costs
across the eurozone periphery and where they are likely to meet Germany’s as
they creep upwards.
Hope in the Euro Zone: Crisis-Hit Countries May
Have Turned the Corner – Spiegel
The euro zone's crisis-hit countries are
becoming more competitive, according to a new German study. Wage costs are
down, and the countries are reducing their trade imbalances. Painful reforms
appear to be slowly bearing fruit, and the euro zone might even return to
growth next year.
BuBa President on ECB Bond Purchases 'Too
Close to State Financing Via the Money Press' – Spiegel
Jens Weidmann, the 44-year-old head of Germany's central bank, has made a name for himself by championing price
stability and opposing bond purchases by the European Central Bank. In a
SPIEGEL interview, he criticizes the ECB's latest plans and insists he only
wants to secure the euro's long-term future.
The latest in the eurozone, in bullet points – alphaville
/ FT
also a
reminder of their excellent email newsletters
OTHER
The monetary Maginot of the Gold Standard – Telegraph
You could say that human folly and wickedness
debauched the beautiful Gold Standard in the interwar years, but to concede
that is to concede the argument. It is to admit that gold does not in fact
prevent politicians running amok. It is just another monetary Maginot Line.
An asset allocator’s prayer – The
Reformed Broker
Four events
with binary outcomes: Europe, Fiscal Cliff, FED, China.
Steen's Chronicle: Maximum intervention
revisited – Saxo
Bank
ECB on hold
until Sep12, so Fed, Fiscal Cliff, China for now.
The "wealthy white people" come
through – Humble
Student
I have no idea what Ben Bernanke will say at Jackson Hole, but I would be shocked if he
announced QE3 this year. Nevertheless, I would expect that central bank action
will act to send global equity prices on a tear some time in September because
of the actions of the ECB, not the Fed. Watch Mario, not Ben
Commodities Forecast Update – Danske
Bank (pdf)
On track for a decent H2 - but still waiting
for China
IN FINNISH
Velka oli ennen rahaa
– kuka kuvittelikaan oppikirjojen kuvaavan rahan ja velan historiaa oikein –
tyhmyri
Pääkirjoitus: Saksalta
lääkkeitä kriisiin – seuraavaan talouskriisiin – HS
Pääkirjoitus: Soini
jahtaa jytkylle jatkoa – IS
Vieraskynä: Markka
pakottaisi rakenneuudistuksiin – HS
VM: Epävarmuus
talouden suunnasta on suuri – TalSa
Moody's: Kreikan
euroeron todennäköisyys 45 prosenttia – TE
Oikeusvaltiota
kannattaa varjella – HS
Poliittiset virkanimitykset
ovat aiempaa ongelmallisempia siksi, että viime vuosina ylimpään valtionhallintoon
on vaivihkaa kasvanut suuri poliittinen rälssi: poliittisten avustajien, poliittisten
erityisavustajien ja poliittisten valtiosihteereiden joukko, jonka vastuusuhteet
ovat toiset kuin virkakunnalla ja jonka valta on usein määrittelemätöntä.