Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
*Recap – Global
Macro Trading
The Closer – alphaville
/ FT
Europe's Riskiest Bonds Rally Most In 3 Weeks To 2
Year Low Spreads – ZH
US: Corn-Holed, Bonds
Sold, Equity Bears Fold – ZH
EUROPE
Euro-Zone GDP: What to Watch For – WSJ
Eurozone crisis: Leaving the “worst recession”
since the 1930s – Presseurop
UNITED STATES
Cyclically-adjusted
price/earnings multiples (CAPEs), as
made famous by Yale’s Professor Robert Shiller, are growing inconvenient for
the brokerage community.
Credit as percentage of banks' balance sheets
lowest in 40 years – Sober
Look
Race for Next Fed Chairman: Yellen’s Stance on
Banks Toughens – WSJ
Sages on wages – alphaville
/ FT
Several engaging and
erudite pieces on US wage trends have nabbed our attention lately
The FOMC running out of excuses to maintain
current policy – Sober Look
The FOMC now has only
one key potential showstopper: the ultra-low inflation rate scenario.
U.S. retail sales data points to improving economy – Reuters
U.S. Retail Sales Rose in July for 4th Consecutive Month – BB
Modest Retail Sales
Miss Means Taper On Deck – ZH
Retail Sales increased
0.2% in July – Calculated
Risk
Q3 US retail sales on
right track – TradingFloor
Retail Spending’s
Growth Rate Slows In July – The
Capital Spectator
ASIA
The Yen's Progress and Japanese Exports – Econbrowser
I'm just back from Japan, where disappointing GDP statistics have
reinforced the fact that the economy is still far from full recovery. However,
like in the US, first reads on GDP statistics are often very noisy, so one shouldn't
get too worked up
OTHER
BofAML: The Kansas
City Fed’s annual Jackson Hole Symposium convenes from August 22 to 24 this
year, and the agenda is now available.
361 Capital Weekly Research Briefing – The
Reformed Broker
FINNISH
Suomalaiset
uskovat neljään talousmyyttiin – TalSa
Rutkasti
mainettaan parempi – Tapio
Nurminen / KL
Osmo Soinivaara (vihr) ja Juhana Vartiainen
ovat Suomessa huutaneet Saksaan syntyneen toimivan matalapalkkasektorin perään.
Herrat on huudettu suohon.
Hyvinvointivaltiosta
Pohjolan Italia – Tämä
Päivä
Top 3
huonointa perustelua pakkoruotsille – Tämä
Päivä
Kokoomuksen
ja Sdp:n kinassa tavallista suuremmat panokset – SK
Piiskaa,
syntiä ja talouskuria – niukkuuspolitiikan kiero psykologia – TalSa
Päättäjät vaativat jatkuvasti kipua ja
kärsimystä. Retoriikka paljastaa niukkuuspolitiikan psykologian rumat kasvot.
Kannunvalantaa
II – Saloniemi
Mutta entäpä jos onkin niin, että hallitus
kaatuu budjettiriihessä? Ja entäpä jos onkin niin, että tämä on ihan, ei nyt
suunniteltu mutta ennakoitu juttu? Koska rakenteellisia uudistuksia pitää tehdä