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Sunday, October 6

6th Oct - Weekender: Markets, Econ, Finnish

Previously on MoreLiver’s:

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Earnings Season Cometh; Most Volatile Stocks on EarningsBespoke
Earnings season starts next week, but things don't really pick up until the middle of October.  As shown in the chart below, just 32 companies are set to report third quarter numbers next week.  On October 24th alone, we'll see nearly nine times that amount report in a single day.

Citi Warns US Equities Are A Cocktail of 2011, Slice Of 1998, Dash Of 2000ZH

Is The Multiple-Expansion "Dream" Over? ZH

A Quick Look At The GreenbackShort Side of the Long
The US Dollar Index has broken down from its technical uptrend in recent weeks, as we can see in the chart above. What does this indicate?

Great Graphic: Sterling and US-UK Interest RatesMarc to Market

The End of Convergence?Project Syndicate
Until recently, there was a broad consensus that this was to be the emerging countries’ century. But America’s impending exit from quantitative easing is raising questions about emerging economies’ growth prospects – questions that will surely spur heated debate at the meetings of the IMF and the World Bank this month.

Fund flows: hold your horsesbeyondbrics / FT
Last week’s foray into positive territory didn’t last long.

Time to Ditch the Yale Endowment ModelBB

If your money is in a fund controlled by robots, you’ve lost 3.5% this yearQuarz

Momentum...the Only Practical AnomalyOptimal Momentum

Wall Street Headhunter: "I Haven't Seen Morale This Bad Since The Titanic"ZH

10 Terms Investment Pros Use to Raise MoneyThe Reformed Broker

Return of the living dead, hedge fund editionalphaville / FT

Board Games Traders PlayAll about alpha

CoCos: a primerBIS
BIS Quarterly Review by Stefan Avdjiev, Anastasia Kartasheva and Bilyana Bogdanova

Mind the gap?  BIS
Sources and implications of supply-demand imbalances in collateral asset markets. BIS Quarterly Review by Ingo Fender and Ulf Lewrick

Book Bits | 10.05.13The Capital Spectator

Unconventional monetary policies revisited (Part I)
Unconventional monetary policies revisited (Part II)
In response to the Global Crisis and Great Recession central banks have embarked on a variety of unconventional monetary policies. This column, part of a two-column series, reviews the range of unconventional measures that have been implemented or proposed. The second instalment will compare the various policies.

How important was the “structural balance” screw-up in driving European austerity?Noahpinion
I’m really glad to see that this European screw-up is, eventually, making headlines and that the European Commission is reconsidering the operational details of its production function method to estimate potential output and structural deficits

Does Quantitative Easing Affect Market Liquidity?FRBSF (pdf)
San Francisco Fed Working Papers by Gillan

How Does Government Spending Stimulate Consumption?Dallas Fed (pdf)
Dallas Fed Institute Working Papers by Daniel P. Murphy

Odds and endsThe Money Illusion

Britain should not take its credit status for granted Opinion / FT
When decisions were made, we did not know the country could have borrowed more, says Kenneth Rogoff

Ken Rogoff on UK austeritymainly macro
Rogoff focuses on what was always the critical debate: was austerity necessary because financial markets might have stopped buying government debt.

Kenneth Rogoff's Hooverismo…Brad DeLong
Just what is Ken Rogoff's argument that the Cameron-Osborne-Clegg government in Great Britain was correct to hit the British economy over the head with the austerity hammer in the spring of 2010, anyway?

What British austerity?The Money Illusion

Osku Pajamäki erottaa faktat sloganeista: Julkisen rahoituksen osuus Guggenheim-hankkeessa ei ole laskenutdemari

Guggenheim-polemiikki käy kiivaana: Ari Wiseman vastaa SDP:n Osku Pajamäelledemari

Miten EKP voisi "devalvoida" euron?Reijo Heiskanen / KL

Ekonomisti: Asuntojen hintaromahdukselle Suomessa vahvat perusteetTalsa
Saksalaisen Commerzbankin ekonomisti Marco Wagner on varma siitä, että suomalaisia uhkaa asuntomarkkinoiden hintaromahdus. Wagner perustelee väitteensä luvuilla.

Pian kohti liittovaltiota – pelastus vai käärmeenpesä?TalSa
IMF:n ekonomistien mielestä pankkiunioni ei riitä, vaan euromaiden on pian otettava seuraava askel kohti liittovaltiota. Se on "fiskaaliunioni", jossa talousvaltaa, verotusoikeutta ja velkavastuuta siirtyy euromailta "Brysseliin". Aihe on tulenarka: Saksan keskuspankki Bundesbank varoittaa liian hätäisiä uudistajia sohaisemasta käärmeenpesää.