6th Feb - US Close

Päivän sitaatti Hollanden euron valuuttakurssin sääntelyhaaveista:

Siis vittu ihan oikeasti mitä ääliöitä eurolaivan komentosillalla seisoo...kirjoita ihmeessä tosta johonkin plokiisi. Itse yritän kuitenkin pitää kohtuumaltillista profiilia, mutta kyllä asiakkaani tietävät eurovastaisuuteni, esitän sen "fiksusti" ja maltillisesti - ei ole ainakaan vielä asiakkaat karanneet... – Anonyymi

Previously on MoreLiver’s:

6-Feb US Open

6-Feb EU Open

5-Feb 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: Jobless Claims, ECB Policy Statement – WSJ

US: Tale Of Two Markets (Again) – ZH

Morning Briefing (Asia) – BNY Mellon

  Putting the Italian general election in context.

EUROPE

OMT: Watchdog for Spreads That Barks but May Not Bite – PIMCO

Spain's reluctance to come under the OMT umbrella may back fire as the country’s situation is far from being resolved. Spain should apply for OMT support now – delaying entails too many risks.​

EU Budget: Cameron fears commitment – Brussels blog / FT

The big question entering Thursday’s summit is whether Herman Van Rompuy, the European council president, can find the right balance between theUK’s demands for an austere long-term budget and France and Italy’s calls for a more robust one.

French Government Fears 'Social Implosions Or Explosions' – Testosterone Pit

Wednesday Humor: German Education Minister Stripped Of PhD For Plagiarism – ZH

SNS Reaal expropriation – bruegel

Should Senior bondholders carry the burden on future bank resolutions?

  ITALY

Italian Bond Yields Spike To 6 Week Highs On Surge In Monte Paschi Loss Expectations – ZH

The Two Scariest Words In Europe: "Silvio Berlusconi" – ZH

Monte: oops – alphaville / FT

World’s oldest bank puts out a late-night statement confirming “the presence of errors” in three structured transactions.

UNITED STATES

The most depressing graph in the new CBO report – Wonkblog / WP

Yes, the economy has been growing for the last 3½ years. But the “output gap,” the difference between what we’re capable of producing and what we’re actually producing, hasn’t actually closed.

OTHER

2013 Credit Suisse Global Investment Returns Yearbook – Investment Europe

Low yields, mean reversion focus (direct pdf)

IN FINNISH

Hollande, pinsetit ja rusinapulla – Henri Myllyniemi / US Puheenvuoro

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