Previously on MoreLiver’s:
Roundups &
Commentary
Frontrunning – ZH
Overnight: "Better Than Expected" European
Data Sends Implied DJ To All Time High – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Daily press summary – Open Europe
Morning MarketBeat: Fed or Fundamentals: What’s
Driving Rally? – WSJ
Muted Turnaround Tuesday – Marc
to Market
Morning
Briefing (EU/US): The month ahead – BNY
Mellon
It’s time to update our risk calendar through
until the end of March
EUROPE
Italy’s deadlocked election, France’s refusal to make deeper budget
cuts and protests against the shrinking of the welfare state across southern Europe escalated the rebellion against the
German-led prescription for fighting the debt crisis.
The EU is
considering easier repayment terms for rescue loans to the two nations in a bid
to ease their exit from aid programs. The bloc’s 27 finance chiefs are slated
to discuss Ireland and Portugal in the Belgian capital today, a day
after euro-area ministers held similar talks.
Is the Eurozone Nearing a Make or Break Point? – naked
capitalism
Fantasy central banking – alphaville
/ FT
The first
round of this JP Morgan designed card-game saw Draghi shot down by King when
“Size of Reaction Function Change” came up and Draghi scored really quite low.
CYPRUS
Dutch
Finance Minister Jeroen Dijsselbloem declined to rule out a “bail in” of
Cypriot depositors, even after concern over the treatment of bank account
holders prompted the first signs of capital flight from the island.
The EU has
moved closer to a €17.5 billion bailout for Cyprus after it agreed to audit its banks
on anti-money-laundering compliance.
UNITED STATES
Asset Allocation & Higher Interest Rates – The
Capital Spectator
ASIA
Audio: BizDaily: The Japanese economy – BBC
(mp3)
For two
decades now Japan has been the example of how NOT to
do things. The country has vast debts and is wracked by deflation and slow
growth. Yet Japan is about to embark on an audacious
experiment - racking up vast new debts to pump trillions of yen into the
economy. So will it work and if so is it an example the rest of the world can
follow? Plus - is the iPhone falling out of fashion?
China’s 2013 targets, and what they (probably)
mean – alphaville
/ FT
The targets
announced today added to signs of discomfort with unchecked credit growth,
according to various China watchers.
China's "State Of The Union" Address Warns Of Tepid Growth, Sees Larger Deficit, Hawkish On
Housing – ZH
OTHER
Business Cycle Monitor: Rise in global growth
moderating – Danske
Bank (pdf)