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Tuesday, November 27

27th Nov - US Close: SuloRientoLiukas-measures

Katainen Kreikka-päätöksestä: Näitä asioita ei kannata millimetripaperilla mittailla – YLE

yksi Öllisentti = 1 miljardi euroa, jakaantuu 10 Käteismilliin = á 100 miljoonaa euroa. – Sulo Riento Liukas

Previously on MoreLiver’s:

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Roundups and Commentary
Markets – Between The Hedges
Recap – Global Macro Trading
The Closer – alphaville / FT

Tomorrow’s Tape: New Home Sales, Beige Book – WSJ
Morning Briefing (Asia): US Consumer Confidence Hits 4-Year High – BNY Mellon
  Is the latest battle in ‘currency wars’ about to be fought?

Debt crisis live – The Telegraph
The Euro Crisis Blog – WSJ
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank
European 10yr Yields and Spreads – MTS indices
Economic Calendar – Forexpros

Portugal and Ireland: Us Too, PleaseMarc to Market
An under-appreciated twist to the plot, however, comes from Ireland and Portugal.  Recall that 2011 mid-year summit, European officials adopted a principle of equal treatment under the framework of the EFSF.  Essentially, this means that consideration given to Greece out to applied to the other countries who are receive EFSF assistance, namely Ireland and Portugal.             

Why the ESM rules OK (says the ECJ)alphaville / FT
worth reading through the European Court of Justice’s judgment on the ESM in Pringle v Ireland, delivered on Tuesday.

Francois Hollande shows true colours with threat to nationalise ArcelorMittal The Telegraph
Thirty years have passed since French president François Mitterrand launched Europe’s last great wave of nationalisation, seizing the banks, insurance groups, arms makers and steel industry in the culminating debacle of the Collectivist era.

Central banking for fun and profitFree exchange / The Economist
An interesting wrinkle is that the central banks of European Union states that are not in the euro zone provide more than 30% of the ECB’s total capital yet have no claim on any profits. After the Bundesbank, the biggest stakeholder in the ECB is the Bank of England

Mark Carney: it’s the Governor of the BoE, not the Second Coming The Telegraph
In business the canny thing is to under-promise and over-deliver. Managing expectations is key.

Please let's not follow Argentina into manipulating the inflation rate The Telegraph
Whenever governments and/or their national statistical offices start fiddling around with the way inflation is measured or targeted it should send out the strongest possible message of alarm

The Fairy Tale – Mark Grant / ZH
How the official sector restructures, Greece edition – MacroScope / Reuters
Greek Deal Could Weaken Private Bondholders – WSJ
New Greek Deal Solves Almost Nothing, and That’s Just Fine for Stocks – WSJ
Greek glass: half-empty or half-full? – bruegel

Blogs review: GDP revisions, news and noisebruegel

361 Capital Weekly Research BriefingThe Reformed Broker

Vital Signs Chart: Stalling U.S. Incomes – WSJ

A Look at Case-Shiller, by Metro Area – WSJ
Case-Shiller House Price Comments and Graphs – Calculated Risk
Real House Prices, Price-to-Rent Ratio – Calculated Risk
Case-Shiller Home Price Rise for 6th Month – The Big Picture

Durable Goods Orders Partially Recover From Last Month's Major Dip – dshort
The ''Real'' Goods on Today's Durable Goods Data – dshort
Durable Goods surprise to upside – The Big Picture
The Trend For Durable Goods Orders Remains Weak – The Capital Spectator

Consumer Confidence at Its Highest Level Since February 2008 – dshort
Consumer Confidence best since Feb ’08 – The Big Picture
Consumer Confidence Jumps to Highest Level Since February 2008 – Bespoke

Fed: Consumer Deleveraging Continued in Q3, Student Debt increases – Calculated Risk
Richmond Fed Manufacturing Composite: A Welcome Improvement – dshort

Goldman's Guess At 'Cliff' Compromise CompositionZH
OECD: U.S. Should Avoid Fiscal Cliff, Pare Deficits Gradually – WSJ
Fed’s Fisher Warns Temporary Fiscal Cliff Fix Could Be Destructive – WSJ
The dangerous fiscal deadline isn't Dec. 31 it's February 2013 – Wonkblog / WP

China Struggles as the Rest of Asia SurgesBespoke

Shanghai Composite Drops To Four Year LowZH

Daily QuickieHistorySquared
GMO Foods, Google Trends, and Tail Risk

OECD: EMs and the eurozone hitbeyondbrics / FT

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