Roundups &
Commentary
Frontrunning – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
EU daily news – Europa
Daily press summary – Open Europe
Open Europe poll
suggests next German government will have limited room for manoeuvre in
eurozone crisis; Persson: On Europe, Germany is having its cake and eating it
Morning MoneyBeat: How Stocks React to Heightened Geopolitical Risk – WSJ
Morning Bond Update – TradingFloor
Dollar Softens, Aussie Extends Recovery – Marc
to Market
EUROPE
The Riksbank is wrong about household debt – voxeu.org
The Riksbank maintains
high policy rates since it fears that a lower rate would increase the
household-debt ratio. This column argues that a higher rate in fact leads to a
higher debt ratio, not a lower one. The higher rate reduces nominal housing
prices and new mortgages, but since the new mortgages are such a small share of
total mortgages, the total nominal debt falls very slowly. Yet nominal GDP
falls much faster, so the debt-to-GDP ratio rises.
July 2013 retail trade
up by 0.1% in euro area – Europa
Q2 2013 Euro area GDP
up by 0.3% and EU27 up by 0.4% - Europa
UNITED STATES
Avoiding Mistakes of the Great Moderation – WSJ
The debate has shifted
from not repeating the mistakes of the Great Depression to not repeating the
mistakes of the Great Moderation.
OTHER
Forward Markets: Macro Strategy September
Review – The
Big Picture
Great Graphic:
Emerging Market Currencies and Local Currency Debt – Marc
to Market
Commodities Monthly – Danske
Bank (pdf)
Tug of war: demand recovery vs USD strength
FINNISH
Autojen
satelliittivalvonnalla tahtoo rahastaa salaperäinen suomalainen Panda-ryhmä – TE
Työeläkerahastoille
vertailuindeksi? – Akateeminen talousblogi