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- Whose
that?
- It’s you. You ain’t got hair, but you got gums.
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Previously on MoreLiver’s:
Roundups & Commentary
US Opening News And Market Re-Cap – Ransquawk
/ ZH
Frontrunning
– ZH
Overnight
Summary – ZH
The Lunch
Wrap – alphaville
/ FT
Emerging
N.Y. headlines – beyondbrics
/ FT
Today’s
front pages – presseurop
Daily press
summary – Open
Europe
German
Finance Minister does not rule out legal challenge against ECB bond-buying;
Open Europe analysis: Constitutional Court ruling reinforces Bundestag veto over bailout fund and potentially
limits ECB bond-buying
Morning
MarketBeat: Investors Prep for Bernanke – WSJ
Broker Note
Briefing – WSJ
Morning
Take-Out – NYT
AM Dear
Dairy: Well Fed – Macro
and Cheese
FOMC:
Gold, Dollar and the S&P 500 – Marc
to Market
The T
Report: Black Swan Thursday – TF
Market Advisors
Reference
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
EUROPE
Do they they think it’s all over? – MacroScope
/ Reuters
Good short
list of open issues (Italian elections, Spain, Bundesbank, recession, austerity, Greece)
Meet Europe's leader of last resort – Business Spectator
Meet Europe's leader of last resort – Business Spectator
Just as Draghi makes his power grab sound like
monetary prudence, Monti dresses his authoritarian demands in the colourful
language of European integration and cooperation. But it cannot disguise the
fact that what he is actually demanding is a departure from liberal democracy. In
the European Union, criticism is denounced as populism, recklessness is called
prudence, and disunion becomes integration. It is hard not to be reminded of
Orwell’s Ministry of Truth when seeing the façade of the Berlaymont building.
IMF officials say Greece will need a third
bailout – ZH
Dutch voters give firm support for the euro – Nordea
Dutch elections – anti-Europe lost, but did
pro-Europe win? – bruegel
Many observers have concluded that the
anti-European strategy of the right-wing populists (PVV) and the left-wing
socialists (SP) has backfired and that pro-Europe has won. This observation,
however, is too optimistic for two reasons.
Van Rompuy paper floats eurozone budget,
parliament – euobserver
EU council chief Van Rompuy has tabled an
'issues paper' on how to further integrate the eurozone, including a common
budget, limited debt mutualisation and a parliamentary assembly.
SNB’s statement, Swiss franc floor abiding, unchanged at SFr1.20 despite
the recent rumour mongering.
ECB staff macroeconomic projections for the
euro area – ECB
(pdf)
Monthly Bulletin, September 2012 – ECB (pdf)
Statistics Pocket Book, September 2012 – ECB (pdf)
USA
Preview for 13 September 2012 FOMC statement and presser – alphaville
/ FT
FOMC will do more, not less.... – Saxo
Bank
Steen
Jakobsen: The FOMC has two major reasons
for doing more rather than less: rising unemployment and more importantly the
approaching fiscal cliff. This means higher risk of a full blown QE3
announcement today.
In'credible' Ben? Is QE3 a step too far? – Saxo
Bank
The likelihood of QE3 tonight is pretty much
50:50, which by default is the point of maximum uncertainty and thus the least
market friendly position. The build up to this evening's FOMC meeting may be
less than inspiring.
Ben Bernanke's last throw of the dice... Will
he roll sixes? – Saxo
Bank
Tonight may prove to be a seminal moment in the
Fed’s history and Bernanke's chairmanship. The issue of more QE is not only
important for markets and USD direction but it is also a political landmine
ahead of the US presidential election.
When the US sneezes at the edge
of a fiscal cliff, the rest of the world should worry – alphaville
/ FT
OTHER
Nordea Risk Perception Publication – Nordea
Positive outcomes spurs substantial “risk on” –
temporary setback may arise (full pdf)
The mood at the World Economic Forum this week
in Tianjin has been a study in contrasts — bullish foreigners and gloomy Chinese.
IN FINNISH
Ääliöiden Eurooppa
– Timo Soini
Pankkiunionilla
asiakkaiden yhteisvastuuseen – Sari
Essayah / IL
Rehn ei usko, että
Euroopasta tulee puhdas liittovaltio – Länsi-Savo