Due to lack
of material, I am combining all the usual Weekender-posts to one.
First the “Weekly
Support”, the past week reviewed and next one previewed, followed by the usual Europe, US and Asia articles, and finally the Economis,
Markets, Off-Topics.
Previously on MoreLiver’s:
LAST WEEK
Prices
Weekly
Scoreboard – Between
The Hedges
Weekly
Eurozone Watch – Global
Macro Monitor
Week in
Review – Global Macro Monitor
U.S. Equity Sector ETF Performance – Global
Macro Monitor
US market
portrait 2012 week 53 – Portfolio
Probe
Summary
for Week ending 28-Dec – Calculated
Risk
It was a
light holiday week for economic data.
The
Weekender – beyondbrics
/ FT
NEXT WEEK
Schedule
for Week of 30-Dec
– Calculated
Risk
The key
report next week is the December employment report to be released on Friday.
Other key reports include December auto sales on Wednesday, the December ISM
manufacturing index, and the December ISM service index.
Next Week’s Tape – MarketBeat
/ WSJ
December’s
employment report on Friday
S&P 500 Earnings Week Ahead – Reuters
Wall Street Week Ahead – Reuters
Investors
fearing a stock market plunge - if the United States tumbles off the "fiscal
cliff" next week - may want to relax.
(video) Asia Week Ahead: – Reuters
(video) US Week Ahead: Deal or no deal, the
damage's already done – Reuters
FX
Positioning and Technical Outlook: Weak Signals, Lots of Noise – Marc
to Market
The holiday
week saw the dollar consolidate against most of the major currencies. The yen was the main exception as its losses
were extended under the aggressive signals coming from the new Japanese
government.
Weighing the Week Ahead: What lies over the
cliff? – A
Dash of Insight
The Weekly T Report: – TF Market Advisors
Emerging:
Week Ahead – beyondbrics
/ FT
CALENDARS
Economic
Calendar – Forexpros
Economic
Calendar – fxstreet.com
Monthly
Economic Calendar – fxstreet.com
Economic
Calendar – BB
EU calendar – europa.eu
Markkinakalenteri
– Nordnet
Markkinakalenteri
– Taloussanomat
REFERENCE
Debt
crisis: live – The
Telegraph
Europe Crisis Tracker – WSJ
FX Options
Analytics – Saxo
Bank
EUROPE
Brussels blog round-up for 22 – 28 December: Portugal’s growing bailout, more cuts ahead in Spain, and will Cameron
‘fudge’ an EU referendum? – europp
/ LSE
Monti to face two key challenges in his bid for
re-election – Sober
Look
Negative rates on deposits would force Eurozone
core banks to repay their LTRO funding – Sober
Look
Another Flashing Red Light: Euro Liquidity
Shortage Leads To First ECB Sterilization Failure Since November 2011 – ZH
The Crisis of Putinism – Project
Syndicate
Authoritarian
clientelist regimes depend on the silent assent of their population and the
loyalty of their elites. Unfortunately for Russian President Vladimir Putin,
when the former is called into question by popular protest, the latter can no
longer be taken for granted.
UNITED STATES
'Falling Off the Fiscal Cliff ' – Economist’s
View
Jason
Saving, a senior research economist and advisor in the Research Department of
the Federal Reserve Bank of Dallas, discusses the economic
consequences of going over the fiscal cliff
Realism about the fiscal cliff – Fabius
Maximus / EconoMonitor
The fiscal
cliff dominates the news. What will happen if we fall off it. How we can avoid
it, preferably by easy painless solutions. Here we peel back the consensus
wisdom to see what lies beneath. We’ll look at the cliff from different
perspectives.
Why they want to go over the cliff – Politico
ASIA
The IMF on overinvestment – Michael
Pettis / EconoMonitor
Heirs of Mao’s Comrades Rise as New Capitalist
Nobility – BB
Egypt's central bank running dangerously low on
foreign reserves – Sober
Look
ECONOMICS
Is academic macroeconomics flourishing? – mainly
macro
Rise of the cyborgs – noahpinion
OTHER
Enter the financial blogosphere – The
Reformed Broker
The 107-Year-Old Stock Picker – WSJ
The day
before he celebrated his 107th birthday, I spoke with Irving Kahn, chairman of
Kahn Brothers Group in New York and former research assistant to
Benjamin Graham, the father of value investing.
The Illiquidity Premium: International Evidence – SSRN
The average
monthly premium is 0.95% (0.44%) for equally-weighted (value-weighted)
portfolio return. After controlling for six common global and regional risk
factors, the monthly alpha is 1.04% (0.54%). The premium is much higher for
emerging markets than it is for developed ones and it is lower in countries
with better disclosure and legal\governance rules. We document significant
comovement of country illiquidity premium with both the global and regional
average illiquidity premiums.
OFF-TOPIC
Alan Turing in three words – The Times
Literary Supplement
What Turned Jaron Lanier Against the Web? – Smithsonian
The digital
pioneer and visionary behind virtual reality has turned against the very
culture he helped create
The Structure of Scientific Revolutions at
Fifty – The
New Atlantis
The Folly of Scientism – The New
Atlantis
The Tip of the Spear – Los
Angeles Times
In the
mid-1980s, journalist Joel Sappell and a colleague began a five-year
examination of the Church of Scientology that would ultimately produce a
24-article series. It would also change Sappell’s life in ways both mystifying
and unnerving. Decades later the onetime investigative reporter investigates
what happened to him.
Meaning on the Brain: How Your Mind Organizes
Reality – SciAm