Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global
Macro Trading
The Closer – alphaville / FT
US: Fed Humiliated With
Red Close Despite Dovish FOMC And GDP Revision – ZH
EUROPE
You say you want ECB minutes? We got minutes – Money
Supply / FT
Greek Bailout Déjà Vu? – WSJ
Don’t Get Worked Up About Jobless Fall – WSJ
Euro-Area Debt-to-GDP Ratio Still Rising – The
Big Picture
However, if one
compares price increases in real terms in Germany with similar phases in other OECD countries,
current developments are at the lower end of the scale and should be seen as a
normalisation of the price level.
UNITED STATES
Goldman: "We Expect A Downward Revision To
The Fed's 2013 Growth Forecast" – ZH
GROSS
DOMESTIC PRODUCTION
A Walkthough Of
Today's Comprehensive GDP Revision – ZH
Highlights From GDP’s
83 Years of Revisions – WSJ
GDP Revisions Make
Recovery Look Better, Recession Not as Bad – WSJ
Revised Q2 GDP 1.7%,
Higher Than Expected, But Prior Revised Significantly Lower – ZH
U.S. economy finds momentum in second quarter, further gains seen – Reuters
GDP, Q2 2013, advance
estimate – Bureau
of Economic Analysis
Real GDP increased
1.7% Annualized in Q2 – Calculated
Risk
Those US GDP
revisions… – alphaville
/ FT
Full GDP Revision
Broken Down By Component – ZH
Five Takeaways From
GDP Report – WSJ
Advance Estimate Beats
Expectations at 1.7% – dshort
Economists React:
Better GDP, but Trend Still Sluggish – WSJ
Five things you should
know about today’s US GDP report – Nordea
Moderate Growth Persists – The
Capital Spectator
We should be horrified
at 1.7 percent GDP growth – Wonkblog
/ WP
Why we don’t have
jetpacks, in one chart – Wonkblog
/ WP
More Weakness, Data
below FOMC June Projections – Calculated
Risk
Real GDP Per Capita: Another
Perspective on the Economy – dshort
A Closer Look at the
GDP Report – PragCap
What Drove GDP Growth?
– WSJ
FEDERAL
RESERVE
The case for Larry Summers – Wonkblog
/ WP
Did Larry Summers Just Tap Someone On The
Shoulder? – ZH
The next Federal Reserve chair shouldn't be
Wall Street's servant – The
Guardian
FOMC Statement – FED
Fed Statement Tracker – WSJ
Parsing the Fed: How
the Statement Changed – WSJ
Fed Releases Broken
Record: "Prepared To Increase Or Reduce QE", No Taper Mention – ZH
Fed offers no hint of
stimulus pullback – Reuters
Fed Statement Mostly
Similar, No Talk of Tapering – Marc
to Market
Fed Keeps $85 Billion
QE Pace, Sees Risk of Disinflation – BB
Economists React:
September Tapering ‘Still a Good Bet’ – WSJ
Fed keeps QE in place
and takes on a slightly more dovish tone – Nordea
Maybe Fed Won’t Start
Tapering in September – WSJ
Lone Dissenter Again:
Bullard Gets What He Wants – WSJ
Redacted Version of the July 2013 FOMC Statement – The
Aleph Blog
OTHER MACRO
NUMBERS
ADP Prints +200K,
Beats Estimate With Prior Revised Higher Confirming Taper – ZH
Chicago PMI Misses: New Orders, Employment, Production
All Drop, Prices Paid Up – ZH
FINNISH
"Elvytys
on hetkellistä lämmikettä" – YLE
Valtiovarainministeriön budjettipäällikkö
Hannu Mäkinen teilaa poliitikkojen lisääntyneet elvytysvaatimukset.
Pankkikriisi
olisi kannattanut selvittää – Henri
Myllyniemi / US Puheenvuoro