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EUROPE
Eurozone mired in recession pause – VoxEU.org
CEPR Business Cycle
Dating Committee, 17 June 2014: The simplest business cycle dating algorithm
declares recessions over after two consecutive quarters of positive GDP growth.
By that metric, the Eurozone recession has been over since 2013Q1. This column
argues that growth and improvements in the labour market have been so anaemic
that it is too early to call the end of the Eurozone recession. Indeed, if this
is what an expansion looks like, then the state of the Eurozone economy might
be even worse than economists feared.
Euro-Zone Economy May Still Be in Recession —
Think Tank – WSJ
While officials hope
the euro-zone economy is on the road to recovery, a committee of economists
says otherwise.
Why the euro crisis still isn’t over, in 1
chart – WaPo
Europe's strategy has been self-defeating. It's made
countries try to cut their public debt and private debt and wages all at the
same time. That's impossible.
UNITED STATES
FEDERAL
RESERVE
Four Dimensions of the FOMC Meeting – Marc
to Market
http://www.marctomarket.com/2014/06/four-dimensions-of-fomc-meeting.html
Economists: Take Fed ‘Dot Plots’ With a Big
Grain Of Salt – WSJ
5 Things to Watch For at the Fed Meeting
Wednesday – WSJ
Fed’s Brainard and the Case of the Missing Dot – WSJ
Watching the Fed's body language on growth and
inflation – Humble
Student
Fed: Not Very Good at Forward Guidance – The
Big Picture
Fed disagrees on what to do next–and it hasn’t
even gotten to interest rates yet – WaPo
Inflation Measures Increase, still mostly below the Fed Target in May – Calculated
Risk
ASIA
The BoJ's balance sheet is about to go
parabolic – Sober
Look
The central bank's
already bloated balance sheet will go "parabolic" in order to get
back on track with the much publicized inflation target of 2%. The success if
Abenomics depends on it.
OTHER
Central Banks Daily – WSJ
Hilsenrath’s Take: Fed
Taking Up Unfinished Business on Exit Strategy * Fischer, Brainard and Powell
in Place at Fed * BOE Has Options To Cool U.K.’s Housing Boom * Polish
Authorities Dismiss Claims of Criminal Wrongdoing * Will the BOC Downgrade Its
2014 Forecast?
Emerging Markets Briefer - June 2014 – Danske
Bank
Five ways with valuation – FT
FINNISH
Ikäviä
uutisia ja ennusteita – Henri
Myllyniemi / US