19th Feb - US Close

”Haaparanta on idiootti, joka ei tajua yhtään mistään asiasta kerta kaikkiaan yhtään mitään. Haaparanta uskoo keynesiläisiin paskateorioihin, joihin kukaan muu ei ole uskonut 40 vuoteen.” 

– Nimetön itävaltalaista tunnustava naamakirjassa. Ilmeisesti häntä harmitti, että Haaparanta moitti ja suorastaan vinoili komissaari Rehnin pyrkimyksille vaientaa säästötoimiin kohdistunutta kritiikkiä.

Previously on MoreLiver’s:

Tuesday US Open

Tuesday EU Open

Monday US 'Close'

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Roundups & Commentary

News – Between The Hedges

Markets – Between The Hedges

Recap – Global Macro Trading

The Closer – alphaville / FT

Roundup – Kiron Sarkar / The Big Picture

Tomorrow’s Tape: Housing Starts, FOMC Minutes – WSJ

Morning Briefing (Asia): Risk Appetite Rebounds After G20 – BNY Mellon

US: Dow & S&P Surge To New 5-Year Highs, USD Unch – ZH

EUROPE

Deal struck on eurozone budget rules – Brussels blog / FT

A missing piece in the eurozone’s newly strengthened fiscal defence is poised to fall into place after a compromise was struck between national governments, members of the European Parliament and the European Commission over new budget rules.

Italy Vote Nears, Spurring Noise and a Tinge of Panic – WSJ

Italy’s election campaign has become more and more combative just as it’s increasingly likely that no simple majority will be formed, requiring post-electoral coalition forging.

The Saver’s Dilemma – Project Syndicate

Michael Pettis: For nearly a decade prior to the eurozone crisis, capital from high-savings countries like Germany flowed to low-savings countries like Spain. If the rebalancing that is now necessary occurs only in Spain and other low-savings countries, the result, as John Maynard Keynes warned 80 years ago, must be much higher unemployment.

A eurozone safe against, or is it safe for, sovereign holdouts? Part one – alphaville / FT

A eurozone safe against, or is it safe for, sovereign holdouts? Part two – alphaville / FT

ASIA

And the Pressure on the Bank of Japan Rises – Tim Duy’s Fed Watch

Hit a 2 percent target, or your independence (what little you have left) is history.  Abe doesn't comment on current policy, but "hints" at some future policies

OTHER

361 Capital Weekly Research Briefing – The Big Picture

The G-7, the G-20 and Exchange Rates – CFR

IN FINNISH

Minne Suomea viedään? – Kalle Isokallio / IL

Sisäpiiriläinen kertoo: Miljoonien rahavirrat puolueille – IL

Vaalirahoituksen salat tulivat tutuiksi Jorma Heikkiselle jo 1970-luvulla.

Sosiaalinen media, Jyrki Kasvi ja naisviha – Hannu Visti

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