All article links relating to the Italian elections are in my just updated Special.
Joke of the Day: Italian elections: who cares when the
nominees are Donald, McScrooge and Gladstone - Anonymous
Previously on MoreLiver’s:
Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global
Macro Trading
The Closer – alphaville / FT
Morning
Briefing (Asia): Markets Rebound From Italy on Bernanke's
Testimony – BNY Mellon
The EU's medicine no longer appears palatable for much of Italy
The EU's medicine no longer appears palatable for much of Italy
US: Gold Jumps Most In 2013 As S&P Limps To Unch
For Feb – ZH
EUROPE
Death by Davos – Krugman /
NYT
This is the way the euro ends: not with the banks but
with bunga-bunga. OK, the euro isn’t doomed — yet. But the Italian election signals
that the eurocrats, who never miss an opportunity to miss an opportunity, are
getting very close to the edge.
Great Graphic: 2-Year
Differential and Dollar vs Euro – Marc
to Market
CONTAGION
Euro Spreads Widen
Out – Bespoke
Contagion Returns – WSJ
Contagion has returned to the euro-zone government
bond markets, and not the good kind.
The burning of Rome spreads – alphaville
/ FT
We’re talking a deep reversal back towards eurozone
crisis trends.
Above the noise:
Classic overreaction to the Italian election – TradingFloor
There is absolutely nothing with the current
information on hand that bodes for uncertainty surrounding the Euro area, nor Italy's
economic life one year ahead.
French Industry Minister Wants Lower Euro And
Currency War Entry ASAP: Demands ECB Start Monetizing Debt – ZH
France had pinned its hope that threat to
EMU would be turned back before the wolf came it its door. The Italian
political tensions come at the poor time for France. Its ability to absorb shocks is
terrible constrained.
UNITED STATES
Semiannual Monetary Policy Report to the
Congress – FED
Post-Mortem Of Bernanke's Prepared Remarks – ZH
Fed unlikely to scale down QE3 the next few
months – Nordea
Bernanke
defended today the central bank’s asset purchases and said that they are still
merited. With no new policy signals we still believe that the Fed is unlikely
to scale down QE3.
Draining excess reserves and the exit strategy – Sober
Look
Questions
continue to surround the Fed’s eventual exit from years of quantitative easing.
The ultimate fate of what is to become of the 3.5 - 4 trillion dollar portfolio
of securities
Bernanke’s Senate tone not that of Fed Chairman
seeking third term –
MacroScope
/ Reuters
In
unapologetic and sometimes testy exchanges before the Senate Banking Committee
on Tuesday, the Fed chief defended his record and dismissed one Senate critic
in unusually blunt terms.
On Bernanke’s
testimony – Credit
Writedowns
OTHER
361 Capital Weekly Research Briefing – The
Reformed Broker
IN FINNISH
Korkman – Jukka Kemppinen
Italian vaalit - subjektiivinen näkemys – Henri
Myllyniemi / piksu
Saudi-Arabia torjui Kataisen ja Stubbin – SK