Roundups &
Commentary
Frontrunning – ZH
Overnight: Will $105+ Crude Send The S&P To New All Time Highs – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Midday Express (EU daily news) – Europa
Daily press summary – Open Europe
Morning MoneyBeat: Unpleasant Minutes for the Market – WSJ
Price Action Does not Mean the Euro has Bottomed – Marc
to Market
EUROPE
Daniel Gros: Europe's banking sector is too large, has too little
capital, and contains too many players that lack a viable long-term business
model. It is the combination of the last two factors – an overabundance of
banks with no sustainable way to turn a profit – that constitutes the most
serious and most difficult problem.
Despite encouraging
signs, there is no evidence that the crisis is fading, writes Tony Barber
The Coming Greek Writeoff – WSJ
The EU will never get
its money back.
Non-standard monetary policy measures: where do
we stand? – ECB
Speech by Benoît
Cœuré, Member of the Executive Board of the ECB, at the International Monetary
Seminar “Sovereign Risk, Bank Risk and Central Banking” organised by the Banque
de France,
Paris, 10 July 2013
Markets Were Right To Sell Euro On Asmussen – WSJ
UNITED STATES
What to Look for in Fed Minutes – WSJ
Another Fed Minutes Freakout? – Bespoke
Growth Forecasts Fall as Inventories Shrink – WSJ
ASIA
OTHER
One very large divergence please (with a dollar
chaser) – alphaville
/ FT
According to Nomura,
since 1980, there are only two periods of economic divergence — between the US and Europe and the
UK — comparable to what we are observing
currently.
FINNISH
Maamme
on kriisissä – Henri
Myllyniemi / US Puheenvuoro
Euroon
kuuluminen on kuin omistaisi valtavan kartanon palvelusväkineen ja
ylläpitokuluineen – ilman ylläpidon vaatimia tuloja – tyhmyri