Talk that the fiscal cliff talks are nearing some sort of solution...
Previously on MoreLiver’s:
Roundups &
Commentary
Frontrunning – ZH
Overnight: Nothing But Cliff – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Today’s front pages – presseurop
Daily press summary – Open Europe
David Cameron admits exit from the EU is
“imaginable”
Morning MarketBeat: Treasurys Can’t Lose, For Now – WSJ
Broker Note Briefing – WSJ
US session ahead
Pre-market
Commentary – Marketwatch
Pre-Market
Trading – CNNMoney
Pre-Market
– NASDAQ
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
Economic
Calendar – Forexpros
EUROPE
In a time of scarce public money, Europe’s centre-left parties now face a
growing resistance to redistributive policies – europp
/ LSE
EU summitry - a useful evil – euobserver
It's easy
to be exasperated by the EU's seemingly endless capacity to have summits. But
there is some method to the madness.
German
Chancellor Merkel has declared her love for Europe, but warned that more "homework" is
needed to fix the eurozone.
Irish EU presidency outlines post-crisis agenda – euobserver
The
incoming Irish EU presidency says it will focus on jobs and growth in the next
six months, echoing claims the sovereign debt part of the euro crisis has
ended.
Draghi says EU bank union to break 'vicious'
circle – euobserver
The EU's
new banking union will break the link between banks and public debt, ECB chief
Mario Draghi, has told MEPs.
The January effect in European equities – alphaville
/ FT
UNITED STATES
When will the Fed hike rates? – Nordea
(pdf)
We are
increasingly sceptical of the Fed’s indications that it will keep the funds
rate near zero for almost three more years. Based on fairly neutral assumptions
for labour force growth the unemployment rate will hit the Fed’s new 6.5%
threshold already in May 2014,
Charting US Debt And Deficit Since Inception – ZH
ASIA
OTHER
Morning Briefing (EU/US) – BNY
Mellon
The Euro-area has managed to make it through 2012
without falling at any of the substantial hurdles along the way. How does the
situation look going into 2013?
Five big events that
shaped the past year – Columnists
/ FT
Crises in Europe and the Middle
East still dominate headlines
A European Gem:
“De-Greeking” Coke – View
from the Blue Ridge
It has become increasingly difficult to ignore the
massive valuation discrepancies across the pond. On GMO estimates,
international and emerging market equities are priced to deliver 4.8% and 6.3%
real returns over the next decade while US markets provide investors with next
to nothing.
Outrageous
Predictions 2013: Extreme complacency – Saxo
Bank
or direct pdf
(audio) BizDaily: Central Bankers Take Centre-stage
– BBC
(mp3)
Central
bankers appear increasingly to be seizing the reins of economic power these
days, as the politicians throw up their arms and say - you fix it. Ben Bernanke
is setting Federal Reserve interest rates for years in advance, and when the
ECB's Mario Draghi says he'll do "whatever it takes to save the
euro", people believe him. But is the shift from the politicians to the
central bankers really a good thing?
Even wealthy countries can suffer
creditworthiness-threatening crises – alphaville
/ FT
Moody’s
announced on Tuesday that it’s reviewing its sovereign credit ratings
methodology, and seeking comment from industry participants.
Moody’s Gets No Respect as Bonds Shun 56% of
Country Ratings – BB
IN FINNISH
Kilpailukyky ei ole
vielä katastrofaalinen, mutta varaa heikkenemiseen ei enää ole – Nordea
Valtiontalous yhä
pahemmin kuralla – euroetana
Ylipaisunut julkinen
sektori painaa Suomen suohon – Olli
Immonen / US Puheenvuoro
Totuuslääke
keksitty!? – Arto
Luukkanen / US Puheenvuoro
Vaikeuksien kautta
nousuun: Suomi kasvuun vasta 2014 – Danske
Bank (pdf)
Danske Bank: Suomen
talous nousuun vasta 2014 – TalSa
Torkkupeiton alta
huutelua – Kaleva
Ylijohtaja Juhana Vartiaisen työelämälausunnot torkkupeiton
alta alkavat ärsyttää. Räväkkyys herkässä tilanteessa lietsoo
vastakkainasettelua ja nakertaa tutkijan uskottavuutta.
Pääkirjoitus: EK:n
joulusiivous ulottui johtajiinkin – IS
Työväenliikettä on väitetty työnantajista pahimmaksi, mutta
työnantajajärjestökään ei ole siitä leppoisimmasta päästä, jos asiaa näinä
aikoina Mikko Pukkiselta tai Jukka Ahtelalta kysyy.