Roundups &
Commentary
Frontrunning – ZH
Overnight: Levitation Brought To
You By These Fine Events – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Midday Express (EU daily
news) – Europa
Daily press summary – Open Europe
Morning MoneyBeat: Record Highs Nothing to Fear – WSJ
Morning Bond Update – TradingFloor
Two Developments to Note – Marc
to Market
ASIA
Abenomics: Shinzo ready to re-launch 2nd and
3rd arrow after Japanese election? – Bruegel
He now has
extraordinarily favourable conditions for accelerating his economic policies…This,
on the other hand, means that the premier has no room for any excuse for a
delay or failure of his second and third arrows (fiscal measures and a growth
strategy).
While timing is
difficult to predict, it does seem very hard to argue that the economic model
can continue along with the social, political and legal status quo, all while
maintaining recent high rates of growth.
China is leaking. It’s probably America’s fault. China is, after all, the the most exposed to the
quantity effect of liquidity withdrawal due to QE tapering and may have the
most difficulty dealing with it.