31st Jan - W/E: Linkfest

31st Jan - W/E: Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

30th Jan - EZ deeper into deflation, mediocre US GDP

29th Jan - Danes lower rates, Germany in deflation

**DANISH CENTRAL BANK CUTS DEPOSIT RATE TO -0.5% FROM -0.35%**
At some point, Denmark will abandon the peg. Might take 2 months or two decades. Probably between those two ;)

Either Denmark becomes SNB of past years and begins making money from the peg - or lets it go. Expect an expensive mistake from Danes: Denmark's CB will probably end up buying European crap assets, and only later abandon the peg. It should do it the other way around.

28th Jan - Fed repeats "patient", adds "international"

Stephen King, chief economist of HSBC on Twitter:

I once told some Bavarian investors that they were responsible for the €zone crisis. They looked at me in stunned disbelief! It's amazing to think that creditors believe they are in no way responsible for the €zone crisis.

Germans struggle to understand that a large BoP surplus means their savings are used to acquire foreign rather than domestic assets and that those foreign assets may, at times, offer the wrong mix of risk & reward. Creditors and debtors [are] two sides of same coin.

The history of debt crises suggests that what begins as a crisis for the debtors eventually becomes a crisis for the creditors. When creditors realise debtors can't repay, the creditors will be worse off. How? Choose from restructuring, bailout, default, devaluation.

My comment to George Magnus, ex-chief economist of UBS

The fathers of the European monetary union thought that building a monetary union would later lead to it becoming an optimal currency area. And that building a monetary union would later lead to a political union after a series of crises.

But the monetary union did not turn into an optimal currency area, and the current crisis is so large that it has stopped movement toward a closer political union.

27th Jan - EUR rallies for the second day

26th Jan - Syriza wins in Greece, debt talks ahead

26th Jan - Radiossa

I was on Radio Rapu, talking about the euro crisis and Finnish politics. Sorry, in Finnish.


Olin Radio Rapu-puheradiossa 7. tammikuuta 2015 Simon Elon vieraana puhumassa eurokriisistä ja Suomen europolitiikasta yleisemmin.
 

Credit Guest: "Stimulant Psychosis"

Here's the latest cross-post from Macronomics:

25th Jan - W/E: Linkfest

25th Jan - W/E: Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

23rd Jan - Markets still adjusting to ECB's QE

22n Jan - ECB published a 60bn/month QE

21st Jan - ECB rumours and leaks

20th Jan - All eyes on ECB

20th Jan - ECB Preview Special

This linkfest to previews on the European Central Bank's meeting on Jan-22 will be updated as new material comes along.

19th Jan - Denmark feels the Swiss pressure

18th Jan - W/E: Linkfest

18th Jan - W/E: Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

16th Jan - Markets still rolling on SNB

15th Jan - Swiss abandon the 1.20-peg

14th Jan - Copper joins the slump club

13th Jan - More Greece & ECB

12th Jan - Waiting for Greece and ECB

11th Jan - W/E: Linkfest

11th Jan - W/E: Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

9th Jan - Strong US jobs, ECB doubted

8th Jan - Waiting mode

7th Jan - EZ inflation drops to -0.2%

6th Jan - Random charts

6th Jan - Another day of minor panic

5th Jan - Europe goes deflationary

5th Jan - The lies on Greece

IMF Document Excerpts: Disagreements Revealed

Secret IMF documents reveal extent of concern about 2010 Greek bailout

IMF leak: European banks had committed to maintain exposure in Greek bonds after first bailout - but didn’t

Secret IMF documents reveal extent of concern about 2010 Greek bailout

IMF leak: European banks had committed to maintain exposure in Greek bonds after first bailout - but didn’t

In 2015, 85% of Greece's debt will be owned by European taxpayers

Greece and the IMF: Who Exactly is Being Saved?

4th Jan - W/E: Linkfest

4th Jan - W/E: Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. The list is shorter than usual, as many sources have extended holidays. Expect things to pick up soon.

2nd Jan - Draghi goes all-in with QE-promises