Previously on MoreLiver’s:
Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global
Macro Trading
The Closer – alphaville / FT
US: – ZH
EUROPE
Banking union’s house of twigs (with cut out
and keep optionality) – alphaville
/ FT
JP Morgan’s Alex
White: It has been clear for some time that this is not fully achievable in the
near term, because of the extent of the institutional journey required (likely
including the prospect of Treaty change).
Emerging Markets now contribute 33% of European
companies' revenues – Macronomics
UNITED STATES
At Least One Reason Why People Shouldn't Hate
QE – S.F.
FED
Chart Of The Day: Earnings Expectations – Short
Side of the Long
Steady As She Goes – Tim
Duy’s Fed Watch
OTHER
Global Central Bank Focus May 2013: Into the
Woods – PIMCO
Excess liquidity,
falling net issuance and higher correlations among assets complicate the
eventual exit that the Federal Reserve and other central banks must make from
their extraordinary policies. The Bank of Japan’s ideology has completely
changed to “tackling deflation” from “tolerating deflation.” The key focus in
the coming months will be how private sectors react. Investors who depend
chiefly upon central bank activism may put themselves at risk. They may need to
hedge volatility by ensuring their investments are built more on solid
fundamentals and reasonable valuations.
Three Measures of Central Banks’ Effectiveness – The
Big Picture
Fed, BoE, ECB, BoJ
compared.
Take on the Economic Challenge. Play the
Federator – WSJ
EMEA Weekly – Danske
Bank (pdf)
FINNISH
Katainen
heitti kolme haastetta – EK
Pääministeri Jyrki Katainen heitti torstaina
EK:n kevätseminaarissa kolme haastetta työmarkkinajärjestöille ja toisaalta
laajemminkin yhteiskuntaan.
EK:n
puheenjohtaja Ilpo Kokkila: Suomea uhkaa vaarallinen kierre – EK
Suomi elää viennistä, mutta nyt tämä
vientikone yskii pahasti. Edessä on vaarallinen kierre, kun kilpailukyky
heikkenee, työpaikat vähenevät, kotimainen kysyntä hiipuu ja investoinnit
hyytyvät (presentaatio pdf)
’Kaipaatko
devalvaatiota? Olet siis neuvosto- eikun siis eurovastainen. – Tyhmyri
Työvoimapoliittisten
toimenpiteiden todellisesta luonteesta – Juha
Remes / Piksu
Määritelkää
vihapuhe – Hannu
Visti