We had a relatively good Feb Retail Sales from US, markets are dull. Booring... Cyprus talk on Friday, FED next week.
Previously on MoreLiver’s:
Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global Macro Trading
The Closer – alphaville / FT
Europe: Italian
Stocks/Bonds Dump (And EUR Slump) On Auction Disappointment – ZH
US: Dow Up Nine-In-A-Row On Lowest Volume Day Of Year
– ZH
The EU may soon be faced with requests for
change from an Italian government. What will it say?
EUROPE
On March
12, the European parliament voted to approve “a restrictive directive that will
oblige eurozone member states to present their planned budgets in Brussels, even before they are presented to
national parliaments,”
EU Fires Back In Austerity Debate – WSJ
European
commission economists fired back at their critics in nearly 3,000 eye-glazing
words of economics jargon.
Euro Still Waiting for a Reality Check – WSJ
The euro
has spent March bouncing around in a narrow range either side of $1.30. But
with the economic and political background in the euro-zone still
deteriorating, there's little reason to believe it won't get knocked lower
again soon.
How the ECB Learned to Love Monetization – WSJ
Has the
European Central Bank found a sneaky way to monetize national debt, in spite of
the legal restrictions placed on it by its charter?
Never mind
Sachs vs Krugman: by far the most interesting and important fiscal-policy
debate right now is Cameron vs Wolf.
PIIGS
Cyprus: ‘European bailout
without the IMF for Cyprus’ – presseurop
Russia’s Cyprus
problem – beyondbrics
/ FT
El País suggests
that the Spanish government could have decided to delay various tax refunds due
in December 2012 and pay them in January 2013 instead, in order to close the
year with a lower deficit figure.
UNITED STATES
FED
The Fed’s balance sheet and an expert
commentary problem –
alphaville
/ FT
For the Fed, a healthy fear of déjà vu – MacroScope
/ Reuters
FEB
RETAIL SALES
Increased
1.1% – Calculated
Risk
Way up.
Maybe this economy is stronger than we thought. – Wonkblog
/ WP
The
Strongest Gain In 5 Months – The
Capital Spectator
Rise More
Than Expected As Actual Sales Post First Decline In Three Years – ZH
OTHER
What the Options Market is Telling Us about the
Spot Market – Marc
to Market
The G-7, the G-20 and Exchange Rates – EconoMonitor
For those
interested in policy coordination and exchange rate policy, last week was both
entertaining and informative.
IN FINNISH
Tällainen järjestö
tutkii Kyprosta: "Maan valvonta on Euroopan eliittiä" – TalSa
Moneyvalin puheenjohtajana toimii Vladimir Nechaev, joka
tunnetaan myös entisenä Venäjän varapääministerinä vuosilta 2009-1012.
Löysä Hesari, tiukka
Jutta, paha Kypros – Juhani
Huopainen / US Puheenvuoro