Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global Macro Trading
The Closer – alphaville / FT
US: Stocks, Dollar Plunge While Precious Metals Surge– ZH
EUROPE
German Campaign Beginning in Earnest – Marc
to Market
How long can Draghi’s bond-buying bluff hold? – Fidelity
If Draghi is out of
surprises, he can be thanked for buying time for politicians to come up with
durable solutions to the eurozone’s woes. Oh, that’s another flaw with Draghi’s
scheme; it removed the pressure for politicians to act. So they haven’t.
Either northern
euro/Germany says they are willing to subsidize permanently to hold together or
I think there is a crisis every nine months until someone says they can’t take
it and bail.
No, it’s just the old
one being pumped up again
UNITED STATES
Fall Tapering in the Air – Tim
Duy’s Fed Watch
The realization
continues to grow that whether it is September or October or December, the end
of asset purchases is now in sight.
Mortgage debt is where
the action is * All is not well with student loans * The swings are biggest in
the bubble states * Some, but not all, the bubble states are leading the pack
on delinquencies.
Fed's Bullard says sees no sign of major asset
bubble in U.S. – Reuters
Five lesser-known facts about Yellen and
Summers – Macroscope
/ Reuters
Jobless Claims Beat
Consensus, Lowest Since October 2007 – dshort
Industrial Production
in U.S. Was Unchanged in July, Fed Says – BB
Fed: Industrial
Production unchanged in July – Calculated
Risk
Industrial Production
Misses For 4th Month In A Row – ZH
U.S. industrial output
unchanged in July – Reuters
U.S. jobs, inflation
data support tapering of Fed bond buying – Reuters
CPI, Initial Claims
And Empire Manufacturing All In Line – ZH
ASIA
China’s Reform Anxiety – Project
Syndicate
China’s leaders seem
to understand what is wrong with their country's economy. But, despite
well-intentioned statements and narrow gestures, they have yet to establish a
concrete, bold reform strategy capable of resolving the economy’s deep-rooted
structural problems.
OTHER
One of the biggest
areas of controversy over CAPEs or cyclically adjusted price/earnings multiples
concerns exactly how earnings are measured, and how they can be compared over
time.
The history of the robot future’s future
history – alphaville
/ FT
The graph represents
three decades of US middle class employment shrinking as a share of the employed labour
force
Emerging markets feel the taper – Sober Look
It is becoming clear
to investors that some of the strength in emerging markets in recent years was
induced by the Federal Reserve's policy of monetary expansion. And now it's
time to face reality.
EMEA Weekly – Danske
Bank (pdf)
FINNISH
Björn
Wahlroos: Kapitalismi on ainoa mahdollinen talousjärjestelmä – Verkkouutiset
Kansalaisaloite
pakkoruotsista luopumiseksi – Halla-Aho
Suomi
on surkeassa jamassa - rakenneuudistukset valmisteluun
– Verkkouutiset
Suomen talous ja etenkin vientiteollisuus on
joutunut jamaan, jota ei voi enää selittää suhdanteilla. Rakenneuudistukset
ovat välttämättömiä, arvioitiin kokoomuksen ministeriryhmän kesäkokouksessa
Kuopiossa.