See the two specials
for the central bank coverage. ECB-post updated after the decisions - but press conference will be very, very interesting.
Olen väittänyt jo pitempään, että
sosialidemokraatit yhdistettynä mikrotalouden perusopeilla varustettuihin
yritysjohtajiin (eivät tajua, että makro on eri juttu), tulee tämmöinen
paska-Europpa, jota pitää sitten yhdessä kehua hienoksi, kun kukaan ei voi hyväksyä,
että on ollut väärässä ja tyhmä alunperin. – MoreLiver 2-May-2013
Previously on MoreLiver’s:
Current Specials:
Special: FED Watch (updated)
Special: ECB Watch (updated)
Roundups &
Commentary
US Opening News And
Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
Overnight: Muted As ECB May Or May Not Cut Refinancing Rate – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Daily press summary – Open Europe
David Cameron hints he might bring forward EU
Referendum Bill before election
Morning MoneyBeat: Is This What the Top Looks Like? – WSJ
Morning Bond Update – TradingFloor
ECB Day and other Developments – Marc
to Market
The debate over currency and capital account
liberalization in China appears alive and well
EUROPE
Loopy – alphaville
/ FT
BNP Paribas’ Ricardo
Santos and Michelle Lam note that after a break particularly in the second half
of 2012, there’s recently been a marked increase in banks’ holdings of
sovereign debt… especially in Italy, France, Portugal and Spain.
Building a financial conditions index for the
euro area and selected euro area countries – ECB
(pdf)
What does it tell us
about the crisis? , Working paper no. 1541 by Eleni Angelopoulou, Hiona
Balfoussia and Heather Gibson
UNITED STATES
Risk-aversion risk – Free
exchange / The Economist
Central bank risk
aversion is a funny thing. The Fed can't turn a blind eye to weak demand. It is
too risk-averse to take appropriately bold action. And it is too risk-averse to
sustain moderate but ineffectual action. Something has to
give.
At the Bloomberg Washington Summit
1: US Budget Deficits,
Sequester – Aleph
Blog
2: Unemployment, Healthcare
Spending, On the State of the States – Aleph
Blog
3: Infrastructure, Corporate
Tax Reform, Dodd-Frank, Gary Gensler – Aleph
Blog
5: Alan Krueger, Other
stuff – Aleph
Blog
The state of high
frequency trading – interview – The
Physics of Finance
The wild west period may be over, the potential for huge profits has
been arbitraged away, HFT now looks more like part of the fixed and settled
landscape than something really new.
Too-Big-to-Fail Takes
Another Body Blow – The
Rolling Stone
Former M&A banker: 'A lot of them just need
a hug' – The
Guardian
'You become entirely self-absorbed and
self-centred' – The
Guardian
FINNISH
Talouspolitiikan paradigma muuttumassa? – Osmo
Soininvaara
Ei mene hyvin: Suomea verrataan jo ongelmamaa
Ranskaan – TalSa
Suomen taloudessa on sekä rakenteellisia että
suhdanneongelmia. Niiden vuoksi Handelsbankenin pääekonomisti Tiina Helenius
vertaa Suomea Ranskaan. Heleniuksen
mukaan Suomen taloudessa on käynnissä rakennemuutos.
Palkat
laskevat lähivuosina – Risto
Pennanen / TalSa
Kun Suomi menettää vientiteollisuutta,
palkanmaksukykykin heikkenee.
Ohjauskoron lasku ei pelasta Etelä-Eurooppaa lamasta – HS
Analyytikot:
Ohjauskoron laskeminen tehotonta – HS
Taantuma
painanut ohjauskoron historiallisen alas – HS