Previously
on MoreLiver’s:
Exit Special (collection of euro breakup/exit
research)
EU Open: Curiosity (very nice euro-articles!)
Weekender
(Europe, markets...)
Weekender: Weekly Support (just updated)
News &
Recap – RanSquawk / ZH
Frontrunning
– ZH
The Lunch
Wrap – FT
Emerging
N.Y. headlines – FT
Today’s
front pages – presseurop
Daily press
summary – Open
Europe
SPD
signals it could be willing to accept eurozone debt pooling
Morning
MarketBeat: The Downgrade, One Year Later – WSJ
Broker Note
Briefing – WSJ
Morning
Take-Out – NYT
AM Dear
Dairy: Higher Still – Macro
and Cheese
Four
Observations to Start the Week – Marc
to Market
Vanishing
Spanish Yields and Resistance – TF
Market Advisors
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
A fragmented territory controlled by local
potentates with a weak central government that is not taken seriously by the
rest of the world: the EU now resembles Japan in 1860s, argues a
Swedish journalist. But the construction of a real European political power
could prove to be counter-productive.
Good
summaries of recent articles on Europe
All roads point to September, once the German
constitutional court has presumably cleared the way for the bloc’s ESM bailout
fund to come into being. At some point after that, Spain could ask for help
from the fund to lower its borrowing costs rather than seek a sovereign bailout
and, from what Draghi has said, the ECB could pile in behind. If that joint
action turned the tide in Madrid’s favour it’s possible that Italy, which after all is
running a primary surplus, would be taken out of the firing line.
What’s a credit trader to do? – alphaville
/ FT
All well and good, but what does the delayed
positive reaction to the European Central Bank’s press conference last Thursday
mean for credit markets? The message from the ECB was that it would act (on the
short end of the curve) in sovereign markets if Spain (or Italy for that matter) were
to request assistance. How does one position for that?
Europe's Question Of Today: “If They Will Fund And How?”; The Question Of
Tomorrow “Can They Afford It?” – Mark
Grant / ZH
The banks in Europe dwarf the sovereigns with
balance sheets three times larger than of all of the EU nations and with Spain
having now fallen and Italy about to go; just how much that can be afforded is
quickly coming into the focus of many money managers.
Did strong eurozone nations like Germany help cause the crisis by lending too much to the weak ones? And we hear
about a blood test that may show whether cancer might develop - long before any
tumours are present. Plus what do management consultants and buffaloes have in
common? Answer: they both charge a lot.
OTHER
What to do for the rest of 2012? – Humble
Student
What should we make of this volatile stock
market? Just as it seems that the market starts to move in one direction, it
reverses course and violently punishes the traders to try to catch the
breakouts or breakdowns. I present my base case scenario below, otherwise known
as my wild-eyed guess for the remainder of 2012.
Weekly Market Commentary – Hussman Funds
stock
market and the economy, US-centric.