Special: German Elections 2013 (updated)
Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
The Closer – alphaville
/ FT
US: Stocks Slump To Worst Run In 2013 As Bonds Surge To 7-Week Highs – ZH
EUROPE
ECB’s Weidmann Warns Germany on Need to Reform – WSJ
Germany's top central
banker issued a stark warning to Germany's government Wednesday: either reform
or risk falling behind.
German Optimism Depends On Spanish Deficits – WSJ
Germans are the most
bullish they’ve been since the financial crisis struck. Their ability to
sustain this optimism hinges on how long Germans will be content to turn a
blind eye to big budget deficits in some of the single currency’s most
beleaguered economies.
Germany-EU: Fear of Merkel’s “Diktat” – Presseurop
What Merkel’s Victory Means for the Euro – PIIE
Germany’s election
result illustrates the effectiveness of Merkel’s political crisis strategy of
showing solidarity with euro area reformers in neutralizing the most potent
long-term political threat to the euro—the rise of a widespread euro-skepticism
in Germany.
Toward a Fiscal Union for the Euro Area; Staff
Discussion Note 13/09 – IMF
Euro Crisis Akin to Rubik’s Cube – WSJ
The euro zone faces
years of low growth and risks undermining the currency union as a political
project without more aggressive easing by the ECB and approval of bailout funds
for bank recapitalization, the IMF’s top euro zone economist said.
UNITED STATES
Next year’s Fed – alphaville
/ FT
FOMC members of 2014.
DEBT
CEILING
U.S. to exhaust
borrowing capacity by October 17: Treasury – Reuters
Debt-ceiling doomsday
comes Oct. 17. Here’s what happens next. – Wonkblog
/ WP
Primer on the US Federal
Budget and Debt Ceiling Negotiations – EconoMonitor
Investors Brush Aside
Washington Brinkmanship – WSJ
Senate advances
funding bill as debt limit fights loom – Reuters
Senate Vote Set on
Spending Bill After Cruz Ends Speech – BB
On Debt Ceiling, Obama
May Just Have to Cave – View
/ BB
MACRO
NUMBERS
August Durable Goods
Orders Are a Mixed Bag – dshort
The ’’Real’’ Goods on
the Latest Durable Goods Data – dshort
A Summer Slump in
Business Spending – WSJ
Core Durable Goods,
CapEx Both Miss; Revised Downward – ZH