Previously on MoreLiver’s:
Current Specials:
Special:
Reinhart & Rogoff Debacle (updated)
Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Daily Interest Rate Monitor – Global Macro Monitor
Recap – Global Macro Trading
The Closer – alphaville / FT
EUROPE
Low Euro-area inflation – good news or bad? – Nordea
The Euro-area flash
estimate for inflation in April fell to 1.2%! This follows a reading of 1.7% in
March and we have looked a bit deeper into a few questions.
Eurozone risks Japan-style trap as deflation
grinds closer – The
Telegraph
The eurozone is one
shock away from a Japan-style deflation crisis after a key measure of prices
fell to the lowest since the launch of the single currency.
Baltic Brouhaha – Krugman /
NYT
They can’t have it
both ways, claiming that austerity is just what troubled economies need and
then excusing the limits of Latvia’s performance by saying that the previous boom
was an illusion.
The billionaires, most
of whom built their fortunes during the violent and unpredictable
post-communist economic environment, use the entities to manage, preserve and
conceal their wealth -- a tactic that has drawn the ire of Russian President
Vladimir Putin.
PIIGS
Installation of a new
government in Italy and the first effects of the newly approved bailout in Cyprus provide some modestly optimistic data points
for an otherwise weak euro area outlook.
Another Look at Who has Been Buying Spanish
Debt – Marc
to Market
The downgrade leaves Slovenia in something of an odd position: it now has
the widest range of ratings from the three main agencies out of any sovereign.
Why the spread?
UNITED STATES
ISM Manufacturing index declines in April to
50.7 – Calculated
Risk, Mish’s,
ZH,
Bespoke,
Reuters,
Reuters
Stock Analysts Tell All! – WSJ
ASIA
The A-b-e Of Economics – Fistful of Euros
OFF-TOPIC
In Europe, social tolerance has tight limits.
Last summer, in the
dead of night, three peace activists penetrated the exterior of Y-12 in Tennessee, supposedly one of the most secure
nuclear-weapons facilities in the United States. A drifter, an 82-year-old nun and a house
painter.
Kathleen Frydl on the drug war: ‘Here we have
total and complete failure.’ –
WP