Roundups &
Commentary
Frontrunning – 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
EUROPE
Hollande Urged to Put His House in Order, Leave
Businesses Alone – BB
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.
PIIGS
EU/IMF says outlook for Greek bailout program
uncertain – Reuters
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
MACRO
NUMBERS
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
ASIA
The government is at
last showing signs of resolve, but the road ahead will be testing.
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.
OTHER
IMF analysis of CDS spreads show them to be
well behaved – qfinance
The self-cannibalisation of economics – Steve
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 Week – ZH
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.
FINNISH
Turvapaikkaturismia,
turvapaikkabisnestä vai yksittäistapauksia – Pauli
Vahtera / IL blogit
Talouden
ennustamisen vaikeudesta ja käytännöstä poliittisen ulottuvuuden vuoksi –
heittoa Euroalueen tulevaisuudesta – tyhmyri