Posting a
bit early, will update the missing ones as they come online. Boooring…. Getworkdonemusic for some EDM. MoreLiver's department of linguistics announces a new word for a boring asshole: borehole.
Previously
on MoreLiver’s
US Opening News And Market Re-Cap –
Ransquawk / ZH
Frontrunning
– ZH
The Lunch
Wrap – alphaville
/ FT
Emerging
N.Y. headlines – beyondbrics
/FT
Today’s
front pages – presseurop
Daily press
summary – Open
Europe
Morning
MarketBeat: It’s Quiet Out There, Sarge – WSJ
Broker Note
Briefing – WSJ
Morning
Take-Out – NYT
Overnight
Sentiment – BofA / ZH
AM Dear
Dairy: Resilience – Macro
and Cheese
Pre-market
Commentary – Marketwatch
Pre-Market
Trading – CNNMoney
Pre-Market
– NASDAQ
US Equity Preview – Bloomberg
Earnings
& Events – The
Street
MarketCurrents
– Seeking
Alpha
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
EUROPE
Charts by
SocGen
Eurocrisis lessons from banking regulation:
create collateral in return for support – bruegel
The similarities between banks and countries in
a monetary union are striking… Eurozone countries are trying to stop an
evolving liquidity and solvency crisis without resorting to all-out liquidity
support, while at the same time limiting transfers and ruling out further
integration as a way to improve control over policy and budgets. This is close
to trying to regulate countries in the way we regulate banks.
ESM, not yet of this world, dodges another
curveball – alphaville
/ FT
A spokeswoman for the Constitutional Court said that a preliminary ruling Sept. 12 will take place to decide
whether the legislation is compatible with Germany’s constitution, despite this new complaint.
ECB: No free lunch – voxeu.org
While markets have been cheered by recent ECB
announcements on sovereign debt, some still question the Bank’s ability to save
the euro. This column argues that the ECB is a lot stronger than many think.
Linking ECB sovereign bond purchases to policy conditionality will ensure that
reform efforts are sustained. The free lunch option has been ruled out – and
that is a good thing.
Business Daily comes from Finland, the eurozone's most northerly country and one where there is
resentment about the bailouts of struggling nations such as Greece. Some wonder whether
the euro is worth it. But the governing coalition insists that Finland is committed to the euro.
A Dalio explanation of Evan-Pritchard's dilemma – Humble
Student
Evans-Pritchard believes that the resolution
problem is a binary one - either "inflation (1945-1952) or default
(1930-1934)". Dalio is far more nuanced. You just need the right policy
mix of austerity, debt write-offs and defaults and money printing.
French President François Hollande has achieved
a remarkable series of political victories – at home and in Europe – since his election in May.
Unfortunately, his streak of success will inevitably call forth an economic
reckoning that will shock France’s unsuspecting
citizens and doom its approach to the “construction of Europe.”
OTHER
EURUSD daily range distribution chart – Alea
HK: ex-banker offers free data service – beyondbrics
/ FT
Webb plans to add thousands of company
directors to his database in the next few days. That is likely to be an even
more valuable resource given that Hong Kong’s equity market is notorious for corporate governance failings.
IN FINNISH
Hyvästi Suomi – Kalle
Isokallio / IL