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Monday, July 8

8th Jul - US Open: European compromises

Previously on MoreLiver’s:

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Roundups & Commentary
Frontrunning – ZH
Overnight: Earnings Seasons Kicks Off With Another US Futures Ramp – 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: Can Lackluster Earnings Keep the Bull Market Going? – WSJ
Morning Bond Update – TradingFloor
Dollar Consolidates Gains – Marc to Market

Hollande Urged to Put His House in Order, Leave Businesses AloneBB
Business leaders urged Hollande to halt what they said were constant changes in regulations, and focus on shrinking state spending before electoral timetables constraint his ability to push through difficult and unpopular policy measures.

Statement by the Troika on the review mission to GreeceECB
EU/IMF says outlook for Greek bailout program uncertainReuters
The outlook for Greece's bailout program remains uncertain, with differences still to be worked out between the Greek government and its creditors, the European Union and International Monetary Fun said on Monday.

‘Compromise for the benefit of Merkel’Eleftherotypia / Presseurop

Brussels to prepare ‘precautionary aid package’ for Portugal without IMF’El País / Presseurop

German economy struggles as exports and output tumble – Reuters
German Industrial Production Decreased in May – BB
Finnish exports as expected – Nordea
Sweden: Very weak industrial orders and production for May – Nordea

China’s Great Rebalancing ActThe Diplomat
The government is at last showing signs of resolve, but the road ahead will be testing.

China slowdown predictions, metals and oil editionalphaville / FT
Now that the possibility of a sharp slowdown in Chinese growth, or even an outright contraction, is getting some serious airplay, we can expect a ramp up in forecasts about what this will mean.

IMF analysis of CDS spreads show them to be well behavedqfinance

The self-cannibalisation of economicsSteve Keen / Business Spectator
Neoclassical economics (and neoclassical economists) annoy the hell out of most other business academics. They have a ‘holier than thou’ attitude about the intellectual rigor of economics versus the wishy-washy (marketing) or mechanical (accounting) nature of other disciplines, and they frankly think that some (if not all) of these other disciplines are simply unnecessary.

Key Macro Events In The Coming WeekZH
Not much in terms of economic data but lots of corporate news with the official Q2 earnings season kick off, as well as a plethora of Fed speakers which in a centrally-planned world, is all that matters.

Turvapaikkaturismia, turvapaikkabisnestä vai yksittäistapauksiaPauli Vahtera / IL blogit

Talouden ennustamisen vaikeudesta ja käytännöstä poliittisen ulottuvuuden vuoksi – heittoa Euroalueen tulevaisuudestatyhmyri