EUROPE
BOE’s Carney Suggests
Falling Unemployment Doesn’t Mean Rates Will Rise – WSJ
Carney said the U.K. central bank will look at a broad range of economic
factors when assessing the need for higher interest rates, a sign that
officials may be preparing to play down the link between BOE policy and falling
unemployment.
The OECD says there's a deflation risk in Europe, the IMF raised
concerns too in its latest World Economic Report, but the ECB does't appear to
be too worried. Nick Beecroft thinks this is wrong as deflation in Europe is
near the danger zone.
ASIA
Another Look at China’s
GDP Numbers – WSJ
Did Thursday’s
surprise fall in one of China’s purchasing manager indexes give you pause about
the pace of Chinese economic growth? Some indices had already said that China’s
economy was doing worse than advertised.
Aussie Rates Outlook
Clouded – WSJ
The Reserve Bank of Australia’s interest-rate setting board convenes on
Feb. 4, with no expectation it will adjust its benchmark cash rate from the
current record low of 2.50%, but the year ahead is anybody’s guess.
OTHER
EM: Storm turns into
hurricane – EM sell-off escalates – Danske
Bank
Your guide to EM compartmentalization
– alphaville
/ FT
Emerging Market CDS
Blow Out – ZH
Similarities with
1997 emerging markets crash only go so far – FT
Steen's Chronicle:
Update after week of high drama – TradingFloor
UBS at Davos: ‘Maybe
the world’s not so austere’ – alphaville
/ FT
UBS at Davos: ‘We’ve swapped global imbalances for domestic disequilibrium’ – alphaville / FT
UBS at Davos: ‘We’ve swapped global imbalances for domestic disequilibrium’ – alphaville / FT
A Lower Dollar Won't
Reverse Manufacturing's Decline – Worthwhile
In the long run, structural factors such as technological change and
basic productivity are the main drivers of what has happened to
manufacturing. Any conspiracy to drive
down the dollar to boost exports in manufacturing and revive our manufacturing
sector should have done a bit more homework. It is not going to work.
FINNISH
Näpit irti eläkkeistämme, EU! – TalSa
Taloudenpidon syventäminen EU:ssa on antanut
komissiolle valtaa, joka ei sille alun perin ole kuulunut.
Eläkeasiantuntijoiden mielestä Suomen pitäisi tiukasti pitää kiinni omasta
eläkemallistaan.
Omistajuus, johtaminen ja talouskasvu – Etla
Etla: Suomi voi kokea luovasta tuhosta vain
tuhon – TalSa
Suomi uhkaa
saada luovasta tuhosta vain tuhon, ellei rakennemuutosta edistetä, Etlan
tutkijat näkevät.
Sampo Terho: Emme lähde äärioikeistolaiseen
ryhmään – Verkkouutiset
Vähittäiskaupan
pikaennakko: myynti laski jouluk. 0,9% YoY – Tilastokeskus
Teollisuuden
tuottajahinnat laskivat jouluk. 0,8% – Tilastokeskus
Palvelujen
tuottajahinnat nousivat 0,9% loka-jouluk – Tilastokeskus
Rakennuslupien
kuutiomäärä kasvoi marrask.runsaat 20% YoY – Tilastokeskus