Katainen Kreikka-päätöksestä: Näitä asioita ei kannata
millimetripaperilla mittailla – YLE
yksi Öllisentti = 1 miljardi euroa, jakaantuu 10
Käteismilliin = á 100 miljoonaa euroa. – Sulo Riento Liukas
Previously on MoreLiver’s:
Roundups and
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global Macro Trading
The Closer – alphaville / FT
Roundup – A
View From My Screens
Roundup – Kiron
Sarkar / The Big Picture
Is the latest battle in ‘currency wars’
about to be fought?
Reference
Debt crisis
live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
Economic
Calendar – Forexpros
EUROPE
Portugal and Ireland: Us Too, Please – Marc
to Market
An
under-appreciated twist to the plot, however, comes from Ireland and Portugal.
Recall that 2011 mid-year summit, European officials adopted a principle
of equal treatment under the framework of the EFSF. Essentially, this means that consideration
given to Greece out to applied to the other
countries who are receive EFSF assistance, namely Ireland and Portugal.
Why the ESM rules OK (says the ECJ) – alphaville
/ FT
worth reading through the European Court of Justice’s judgment on the ESM in Pringle v Ireland, delivered on Tuesday.
worth reading through the European Court of Justice’s judgment on the ESM in Pringle v Ireland, delivered on Tuesday.
Francois Hollande shows true colours with
threat to nationalise ArcelorMittal – The
Telegraph
Thirty
years have passed since French president François Mitterrand launched Europe’s last great wave of
nationalisation, seizing the banks, insurance groups, arms makers and steel
industry in the culminating debacle of the Collectivist era.
BANK OF
ENGLAND
Central banking for fun and profit – Free
exchange / The Economist
An
interesting wrinkle is that the central banks of European Union states that are
not in the euro zone provide more than 30% of the ECB’s total capital yet have
no claim on any profits. After the Bundesbank, the biggest stakeholder in the
ECB is the Bank of England
Mark Carney: it’s the Governor of the BoE, not
the Second Coming –
The
Telegraph
In business
the canny thing is to under-promise and over-deliver. Managing expectations is
key.
Whenever
governments and/or their national statistical offices start fiddling around
with the way inflation is measured or targeted it should send out the strongest
possible message of alarm
GREECE
The Fairy
Tale – Mark Grant
/ ZH
Greek Deal
Could Weaken Private Bondholders – WSJ
New Greek
Deal Solves Almost Nothing, and That’s Just Fine for Stocks – WSJ
Greek
glass: half-empty or half-full? – bruegel
UNITED STATES
361 Capital Weekly Research Briefing – The
Reformed Broker
MACRO
A Look at
Case-Shiller, by Metro Area – WSJ
Case-Shiller
House Price Comments and Graphs – Calculated
Risk
Real House
Prices, Price-to-Rent Ratio – Calculated
Risk
Case-Shiller
Home Price Rise for 6th Month – The
Big Picture
Durable
Goods Orders Partially Recover From Last Month's Major Dip – dshort
The
''Real'' Goods on Today's Durable Goods Data – dshort
Durable
Goods surprise to upside – The
Big Picture
The Trend
For Durable Goods Orders Remains Weak – The
Capital Spectator
Consumer
Confidence at Its Highest Level Since February 2008 – dshort
Consumer
Confidence best since Feb ’08 – The
Big Picture
Consumer
Confidence Jumps to Highest Level Since February 2008 – Bespoke
Fed:
Consumer Deleveraging Continued in Q3, Student Debt increases – Calculated
Risk
Richmond Fed Manufacturing Composite: A Welcome
Improvement – dshort
FISCAL
CLIFF
Goldman's
Guess At 'Cliff' Compromise Composition – ZH
Fed’s
Fisher Warns Temporary Fiscal Cliff Fix Could Be Destructive – WSJ
The dangerous fiscal deadline isn't Dec. 31 it's February 2013 – Wonkblog / WP
The dangerous fiscal deadline isn't Dec. 31 it's February 2013 – Wonkblog / WP
ASIA
Shanghai Composite Drops To Four Year Low – ZH
OTHER
Daily Quickie – HistorySquared
GMO Foods,
Google Trends, and Tail Risk
IN FINNISH
Rakentaminen
pohjalukemissa syyskuussa – euroetana