Google Analytics

Sunday, August 24

24th Aug - W/E: The World

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter

Brussels round upEuropp / LSE
Viktor Orbán, German policy on Iraq, and is Europe facing a lost decade?

JPM's Three Scenarios Of How The Ukraine Conflict Plays OutZH
Positive de-escalation, status quo, negative escalation

French economy minister says austerity measures sapping growthReuters
Austerity measures being pursued by France and elsewhere in the euro zone are quashing growth, French Economy Minister Arnaud Montebourg was quoted saying on Saturday, renewing his attacks on policies he sees as negative for the economy.

Italy asks EU to exclude infrastructure projects from deficits: ministerReuters
Italy is asking the European Union to exclude spending on infrastructure projects from the calculation of national budget deficits, Transport Minister Maurizio Lupi was quoted as saying in Corriere della Sera newspaper.

Deutsch-Rückhalte and le malaise françaisFT
Of all the big economies in the euro area, France seems to be the only one where the household debt problem is getting worse, even if it is still relatively contained. Perhaps this is why politicians there are increasingly questioning the merits of further tax increases and spending cuts.

A European Lost Decade?Project Syndicate
Europe's current economic predicament sounds a lot like Japan’s in the 1990s, which culminated in a “lost decade” of stagnant growth and deflation from which the country is still working to recover. How can Europe avoid a similar fate?

Spectre of ‘lost decade’ haunting EuropeFT
“Is Europe going the same way as Japan? Yes,” Mr Stiglitz said in Lindau at a meeting for Nobel Laureates and economics students. “The only way to describe what is going on in some European countries is depression.”

Europe in DepressionTwenty-cent Paradigms
A euro breakup in 2010, 11 or 12 would have been disastrous for sure, but I'm beginning to wonder if it would have been worse than what we've actually seen.

Draghi at Deflation GulchKrugman / NYT
The combination of the euro’s structure and the intransigence of the austerians means that the situation remains very grim.

Be bold, MarioThe Economist
The European Central Bank should learn from the success of unconventional policies in America and Britain

Eurozone inflation expectationsFT

ECB Economists Find Benefits in ‘Fiscal Devaluation’WSJ

Fed’s Plosser Warns Very-Easy Money Policy Increasingly RiskyWSJ

Why the Fed Must Taperof two minds
As the Federal deficit shrank, the Fed upped its bond-buying program (QE). As a result, the Fed was buying more bonds than the Treasury was issuing.

Clowns to the left of me, jokers to the rightMacro Man
Yellen cites labor market conditions index as reason to keep rates low, but the index has improved and is near previous peaks

What China wantsThe Economist
After a bad couple of centuries, China is itching to regain its place in the world. How should America respond?

Biggest Risk for China Could Be Failure to Change, Economists SayWSJ