Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global
Macro Trading
Daily Risk Monitor – Global Macro Monitor
The Closer – alphaville / FT
US: Stocks Slump Most In 6 Weeks As VIX Spikes Most In Over 3 Months – ZH
EUROPE
Should ECB minutes be published? – voxeu.org
The publication of
attributed voting records and minutes of the ECB council’s meetings would
increase the influence of national governments and discourage pro-Eurozone
behaviour. This column argues that this would be undesirable. Publishing
non-attributed summary minutes, however, would enhance the ECB’s accountability
towards the public.
Backstop before Asset Quality Review and
Stress Tests in Europe – Marc
to Market
Europe is moving, however slowly toward a banking
union… If it is judged that the banks need to raise capital, it also makes
sense to ensure that there are facilities in place that will allow for this
without triggering a new financial crisis.
Should Greece have a large part of its debt waived?
Absolutely, says George Soros, otherwise the country will never recover. The
billionaire investor also warns about the rise of extremist parties if Germany does not change its policies towards Europe.
Greece is looking into swapping a big chunk of its bailout loans with a
50-year government bond as a way to achieve debt relief once it attains a
primary budget surplus this year, an official close to the discussions told
Reuters on Saturday.
UNITED STATES
SocGen: End Of QE3 Will Lead To 15% Market
Drop, Surge In VIX, Followed By "The Big Sleep" – ZH
Asset-Management Study Is a Headache in 31
Pages – WSJ
Could the distress of
a company such as BlackRock Inc., Pacific Investment Management Co. or Fidelity
Investments Inc. put the financial system in danger? And if so, should they be
regulated like big banks, with hefty capital buffers and close scrutiny of
their activities?
‘Systemically Important?’ Asset Managers Push
Back – WSJ
BofAML Says This Is The Line In The Sand For
S&P 500 Downside Risk – ZH
SHUTDOWN
/ DEBT CEILING
Government shutdowns are not “small
government.” – The Money Illusion
Nor are they “fiscal
policy.”
Three terrifying quotes on the debt ceiling – WaPo
Introducing the Wonkblog Daily Default
Dashboard! – WaPo
Absolutely everything you need to know about
the debt ceiling – WaPo
Prioritization Of Payments: Would They? Could
They? – ZH
Can business take the Republican Party back
from the Tea Party? – WaPo
If we hit the debt ceiling, can Obama choose
which bills to pay? – WaPo
Simon Johnson: Tea Party’s Strategy Is a Proven
Loser – View
/ BB
How to Solve the Debt-Ceiling Crisis Forever – Businessweek
No Clear Fiscal Deadline, and That’s a Problem – Macro
and Market
White House Backs Temporary Debt-Ceiling Fix – WSJ
Administration
Officials Says Near-Term Increase Would Give Sides More Time for Talks
OTHER
Emerging Market Preview: The Week Ahead – Marc
to Market
Key Events And Issues In The Coming Week – ZH
How Emerging Markets Can Get Their Groove Back – iMFdirect
Countries will need to
identify reform priorities to remove supply bottlenecks, boost productivity and
move their economies up in the value chain of economic activities. This means
addressing lingering barriers to long-term growth— pushing ahead with
infrastructure investment and improving the business climate, for example. Countercyclical demand management policies will
no longer do the trick.
Ehdotus eläkkeistä – heti 10 kuukautta lisää
töitä – TalSa
Etla ehdottaa vanhuuseläkkeen sitomista
elinajan odotteeseen. Silloin työurat pitenisivät ja työeläkemaksut
pienenisivät. Ja seurauksena julkisen talouden velka voisi pienentyä pari
miljardia.
OPKK:n Sandberg: Asuntohintakuplaa ei ole – TalSa
Talouden
synkkä tilanne näkyy asuntomarkkinoilla. Kiinteistönvälitysjohtaja Kenneth
Sandberg OPKK:sta sanoo, että kauppa on käynyt tänä vuonna noin 15 prosenttia
viimevuotista laimeammin. Puheet hintakuplasta hän kiistää täysin.
Voihan Fenno! – TE
Oli harkittu
ajoitus ympäristöministeri Ville Niinistöltä (vihr), kun hän viime lauantaina
sanoi puoluevaltuuskunnan kokouksessa, että Fennovoiman Pyhäjoen
ydinvoimalahanke tuupertuu puolessa vuodessa.
Älkää haudatko valtiota – TalSa
Valtiolla on
yhä käyttöä, vaikka iskut sitä vastaan kovenevat.