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Monday, October 13

13th Oct -Falling US inflation outlook

Previously on MoreLiver’s:

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Will Juncker’s €300 Billion Plan Close the Euro Investment Gap?WSJ
A new €300 billion investment plan proposed by Jean-Claude Juncker, the incoming president of the European Commission, is looking suspiciously like another of these half-baked stimulus proposals.

The role of think-tanks in the EU policy process remains largely uncharted territory for political scientistsEuropp / LSE

Germany’s weak point is its reliance on exportsFT
Wolfgang Münchau: Previously, the main characteristic of the eurozone had been strong growth in the core that partially offset contraction in the periphery. Now both the core and the periphery are weak. And policy is not responding sufficiently. Add the two together and it is not hard to conclude that secular stagnation is not so much a danger as the most probable scenario.

Italy's Grillo attacks Renzi reform, seeks referendum on euroReuters

European Default RiskBespoke
European equity markets have gotten absolutely slaughtered recently.  Interestingly, though, sovereign default risk for some of the countries that have seen their stocks fall hardest hasn't ticked higher.

Draghi The Dictator: "Working With The Germans Is Impossible"ZH

The case for a better functioning securitisation market in the European Union: synthesis of responsesECB

ECB Clash Resumes as Draghi Spars With Weidmann on StimulusBB
Mario Draghi and Jens Weidmann are clashing anew over how much more stimulus the ailing euro-area economy needs from the ECB.

Banking Structures Report Oct 2014ECB
ECB report details structural changes in the euro area banking sectorECB

Goldman on 2015: "Potential Renewed Uncertainty around Fiscal Deadlines"Calculated Risk

Fed’s Evans: Biggest Risk to U.S. Now is Premature Rate HikesWSJ

The Methodical FedTim Duy’s Fed Watch
Fed policy might sound dovish this week, but take note the the underlying tone has been methodically hawkish for a long, long time. And markets have responded accordingly, including anticipating a return to the zero bound when the next recession hits. Nor should this be unexpected. Monetary policymakers have yet to set clear objectives that includes a high probability that the zero bound is left behind for good. 

Inside the Fed’s ‘Doomsday Book’WSJ

China Posts Strong Trade Figures, but Data Deserve Close ScrutinyWSJ

No signs of global slowdown in September foreign trade dataDanske Bank

Revenge of the UnforgivenKrugman / NYT
How Righteousness Killed the World Economy

Client Q&A: Key market queries answeredTradingFloor
Stephen Pope: Biggest market event last week was the IMF's latest World Economic Outlook * Weakening Eurozone economy means FOMC's concerns over USD are correct * BoE right to hold fire on interest rate changes at the moment

Daily Central BanksWSJ
Hilsenrath’s Take: Hayek’s Worthy Question – Is Economics Science? * Global Slowdown Roils Markets, Confounds Policy Makers * Overseas Weakness Dampens Fed Optimism at Home * ECB’s Draghi Sees No Eurozone Government Bond-Market Bubble * PBOC Economist: China Doesn’t Need Major Stimulus in “Foreseeable Future”

Daily MacroWSJ
The week begins with markets on edge but mercifully calm amid a general sense of uncertainty about the state of the global economy. Stronger-than-expected trade data out of China ensured that a predictable selloff in Asia wasn’t quite as bad as it might have been following Wall Street’s ugly close on Friday and a weekend filled with negative news about new cases of Ebola in the developed world.

Dollar Heavier to Start WeekMarc to Market

The Macro Week Ahead: Less bearish but USD pullback to continueTradingFloor
The expected tactical USD pullback is happening and likely to continue, while equities are expected to have a bounce for the week. One area of concern is the news flow coming out of monetary policy in Europe: markets will continue to tank unless more is done.

Global Central Banks CalendarWSJ

Key Events In The Coming WeekZH

What Matters for Global Markets in the Week Ahead WSJ

Pääministerin haastattelutuntiYLE
Stubb lupaa vain uurastusta ja hikeäVerkkouutiset

Luottoluokituksia tulee ja meneeJuhani Huopainen / US

Euro olikin ansaTalSa
Saksalaisprofessori Hans-Werner Sinn ehdottaa, että eurokriisin paras ratkaisu olisi velkojen osittainen anteeksianto ja kriisimaiden mahdollisuus erota tilapäisesti eurosta. Kaikki muut ratkaisut ovat vieläkin tuskallisempia.

Elintason laskun välttämättömyys – mutta talous ei ole nollasummapeliTyhmyri

Kannatan rajoittamatonta työperäistä maahanmuuttoa – mutta vasta sosiaaliturvan remontin jälkeenTyhmyri

Tulojen ansaitsemisestaAkateeminen talousblogi