Previously on MoreLiver’s:
EUROPE
Frankfurter
Allgemeine Sonntagszeitung, Frankfurt – Three years of the euro crisis, 2013 is
around the corner, and you still have some questions? So does essayist Hans
Magnus Enzensberger. The outspoken critics of the Brussels bureaucracy has been inspired to
draw up a quiz – with, of course, entirely objective questions.
The ECB Is Not Infallible – EconoMonitor
To
successfully fulfill her expanded supervisory responsibility the ECB needs to
continue shedding her holistic view of the euro area and establish a
supervisory culture in which differences between individual member states are
recognized and addressed earlier and more forcefully than in the past.
Austerity has made Europe worse, says Cyprus President Demetris
Christofias – The
Telegraph
Cyprus President Demetris Christofias has
hit out against the harsh austerity measures being meted out to struggling
eurozone members as the Mediterranean island faces a bleak new year.
Joschka
Fischer: Regardless of electoral outcomes in important EU member states,
Europeans will remain unable to expect much from their political leaders in
2013, because opposition forces generally have little more to offer than the
incumbents do. As a result, Europe will continue to need the pressure from the
crisis in order to overcome it.
Knowing
what we now know, would we have joined?
UNITED STATES
Behold The Brains Behind Ben Bernanke's Binary
Black Box – ZH
US credit expansion driven by corporate lending – Sober
Look
Time to avoid US equities – Humble
Student
FISCAL
CLIFF
More hard evidence for fiscal negotiations
impacting consumer sentiment – Sober Look
Your fiscal cliff deal cheat sheet – Wonkblog
/ WP
Wonkbook: Everything you need to know about the
fiscal cliff deal –
Wonkblog
/ WP
Five facts about the Biden-McConnell deal – Wonkblog
/ WP
The fiscal cliff deal: Short-term relief, and
little else – Free
exchange / The Economist
The Senate
passed legislation early on New Year's Day to neutralise a fiscal cliff
combination of across-the-board tax increases and spending cuts that kicked in
at midnight.
Senate approves 'fiscal cliff' deal, crisis
eased – Reuters
The Senate
moved the U.S. economy back from the edge of a
"fiscal cliff" on Tuesday, voting to avoid imminent tax hikes and
spending cuts in a bipartisan deal that could still face stiff challenges in
the House of Representatives.
Senate’s New Year’s Cliff Deal Shifts Pressure
to Boehner – BB
‘Cliff Shock’ Joins List of Annual Economic
Risks – WSJ
OTHER
Japan Follow-Up – Tim
Duy’s Fed Watch
Politics Not Economics Push FX into Year End – Marc
to Market
10 new, must-read investing blogs – MarketWatch