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EUROPE
Against the backdrop of
recently strong growth and subdued inflation numbers, we fine-tune our
forecasts. The underlying story is unchanged: solid growth, a very gradual rise
in inflation and an accommodative ECB.
The Populist Tail Wagging the German Dog – Project
Syndicate
Despite a growing chorus
calling for reform of the eurozone and the European Union, the chances for
meaningful change are diminishing. The main obstacle is Germany, whose economic
interests lie not just with the status quo, but also with some of the populist
governments that EU reformers must rebuff if they are to succeed.
Danske Bank says growth
to rebound in 4Q on inventory effect * GDP growth in the second quarter was
also revised lower
DATA
Euro area annual
inflation up to 1.5% - Eurostat
Euro area unemployment
at 8.8% - Eurostat
Euro Area Inflation
Unexpectedly Misses Despite Sliding Unemployment – ZH
Small euro zone
inflation rise matches ECB expectations of coming dip – Reuters
Euro-Area Inflation
Misses Estimates as Unemployment Falls – BB
Inflation up, but by less
than expected – Daiwa
UNITED STATES
Trigger Warning: How a Tax Measure Could Worsen
the Next Recession – WSJ
The Senate Republican
tax plan making its way toward a vote today could include a poison pill that
worsens a recession somewhere down the road: a so-called trigger that reverses
tax cuts or imposes spending cuts if federal revenues come in lower than
expected.
Markets Melt Up As Tax Deal Looms – ZH
DATA
U.S. consumer spending
cools in October, inflation firming – Reuters
Inflation Indicator
Ticks Up In October - Still Well Below Mandate – ZH
Personal Income
increased 0.4% in October, Spending increased 0.3% - Bill McBride
PCE price indexes &
consumer spending – Daiwa
MARKETS / OTHER
Something bad happens to tech and it’s offset by a bank rally * Correlations
fall apart and still the VIX hovers around 11
A gauge of equities worldwide is set to post its longest unbroken run of
monthly gains
Next recession likely to begin in about two years, report says * Returns
can continue to be strong next year before declining
Hedge Fund Turnover
Drops To All Time Low – ZH
Mostly holding stocks that have performed well in the past
JPMorgan Sees Pain for Growth Stocks and Their Hedge Fund Fans – BB
OPEC Agrees to Extend
Oil Cuts Until the End of 2018 – BB
OPEC, Russia agree oil
cut extension to end of 2018 – Reuters
The oversight body of the Basel Committee of banking supervisors meets on
Dec. 7 and they are expected to sign off on final elements of their Basel III
package of post financial crisis bank capital reforms.
"It Could Reshape
The Global Trading System For Decades" - US Rejects China's Bid
"Market Economy" Status – ZH
'It's beautiful': This
Toronto startup is investors' secret weapon to beating the market – FP
Hedge funds pay handsomely for Quandl's market-beating alternative data,
but when does such data cross the line into privacy violations or insider
trading?
Matt Levine: Investors
Are Trying to Learn Things About Companies – BB
But amateurs will still be at a disadvantage.
Why a Hedge Fund Started
a Video Game Competition – Nautilus
The chief technology officer of one of the world’s largest hedge funds
talks data.
REGULARS
Trump attacks May, Google’s UK snooping claims, hedge funds’ cheesy
trades
US Corporate Tax Plan in Flux, Bitcoin Exchanges Under Strain, Make-or-Break
Moment for Oil
Inflation day: upside risks to Euro-area inflation data * Rates higher on
robust country level inflation figures * GBP stronger on Brexit breakthrough
US Dollar Comes Back Bid, but Brexit Hopes Underpin Sterling
Trump vs. May — Poison politics featuring Glyphosate — Croat court
suicide
Dow Hits Record 24,000, Europe Jumps As Euphoria Returns After Tech Rout
FINNISH
Euroalueen
marraskuun inflaatioluvut julkaistaan tänään | OPEC jatkanee
tuotantoleikkauksia | Saksan inflaatio kiihtyi