Previously on MoreLiver’s:
EUROPE
Brussels blog round up 10 – 16 August – Europp
/ LSE
Eurozone exits
recession, Egypt in crisis, and how should politicians use Twitter?
Analysis: One swallow doesn't make a summer for
euro zone – Reuters
The cheery freeze
frame of the euro zone economy last quarter is no guarantee of a happy ending
to what has been a horror movie for most of the single currency bloc since the
onset of the great financial crisis.
Finally—the euro zone economy is growing again – Quartz
A recovery at last, but no revelation – The
Economist
Even with so much lost
ground to make up, the medium-term outlook is for a lacklustre recovery in the
euro area, which will continue to be held back by its dodgy banks.
The euro is not worth
the same across the region – Spain and Germany have different currencies
EU wants one definition of bad loans for bank
tests – Reuters
Banks across the
European Union will be asked to use a single definition for bad loans in the
upcoming review of their loan books, a senior EU regulatory source told
Reuters, making it harder for banks to conceal the state of their businesses
behind local conventions.
Eurobonds at 50 Threatened by EU Transaction
Tax – BB
The tax regime that’s
been the backbone of the Eurobond market since its inception 50 years ago is
now threatened by the same regulatory overhaul driving corporate borrowers to
issue bonds rather than take bank loans.
UNITED STATES
Global Central Bank
Focus August 2013: Purgatory Is Heaven – PIMCO
Since June, the Fed has stressed three messages: Tapering is not
tightening, the federal funds rate will not move in tandem with a slowdown in
asset purchases, and any change in Fed policy will rely on data, rather than a
date. If Ben Bernanke leaves the Fed when his term expires, whoever is chosen
to replace him will be bound by rules and the strength of the institution.
The Fed's "2016" Problem, Or Why The
Taper May Just Be A Sideshow –
ZH
One option for the Fed: Taper, but tiny – Wonkblog
/ WP
Podcast: Fed Fears in Focus – MoneyBeat
/ WSJ
What the latest round
of Fed fears mean for investors and what market participants should do ahead of
next month’s Fed meeting.
Janet Yellen called the housing bust and has
been mostly right on jobs. Does she have what it takes to lead the Fed? – Wonkblog
/ WP
Wall Street clashes with regulators over repo
market reforms – Reuters
Wall Street banks are
arguing that a proposal from U.S. regulators intended to rein in risk taking
could severely hurt the $7 trillion repurchase market, a critical source of
short-term loans in the financial system.
The US housing recovery has not produced the
economic boom some had expected
– Sober
Look
Treasury Yields in Perspective – dshort
ASIA
China: A bubble in pessimism – The
Economist
OTHER
Strategy: Still bull market but Fed to add
volatility – Danske
Bank (pdf)
Warren Buffett, age
44, explains the futility of playing the market – Quartz
In 1975, shortly after joining the board of the Washington Post Company,
Warren Buffett wrote a letter to the chairman and chief executive, Katherine
Graham. He had some advice as to how the company should invest its pension
accounts.
What's the Matter
With the Global Economy? – The
Atlantic
Europe's Recession Finally Ends Just as China Fades
The Tag Team that
Crushed the Middle Class – The
Atlantic
A new paper argues that globalization has increased joblessness, while
computers have increased inequality.
Are Machines Really
Taking Our Jobs? – The
Atlantic
A brief history of technological progress and why it's not necessarily a
bad thing
OFF-TOPIC
Transportation Follies: Designs for a Future
that Never Came – Spiegel
US entrepreneur Elon
Musk recently unveiled plans for a train that would travel at speeds of up to
1,200 kilometers an hour. As promising as his design might be, skeptics would
argue he's merely continuing a long tradition of revolutionary transit concepts
which inevitably end up thwarted by reality.
The complete guide to getting into an economics
PhD program – Quartz
Software's Final Frontier: A Conversation With
Charles Simonyi – The
Atlantic
A Guide to the Web's Growing Set of Free Image
Collections – The
Atlantic
Put Rembrandt on your
report, Twitter profile or toilet paper
Google is preparing for screenless computers – Quartz
The Drone Debate: The Killing Machines – The
Atlantic
How to think about
drones
Jobs's Great-Man Theory of Technology – The
Atlantic
The new biopic doesn't
just portray Steve Jobs as a jerk, it justifies and glorifies his ruthless,
uncompromising vision.
Chasing Coincidences – Nautilus
Statistics: Why it’s
hard to recognize the unlikely.
Code Name 'Kid': American Stasi Spy Tells His
Story – Spiegel
One of East Germany's
top spies was actually an American soldier. Jeff Carney defected to the
Communist state in 1983 and fed the notorious Stasi with reams of valuable
information. He has now written a book about his experiences.
Here’s what ‘Breaking Bad’ gets right, and
wrong, about the meth business
– Wonkblog
/ WP
Merchants of Meth: How Big Pharma Keeps the
Cooks in Business – Mother
Jones
With big profits on
the line, the drug industry is pulling out campaign-style dirty tricks to keep
selling the meds that cooks turn into crank.
Feeding the Kiddie – Slate
A brief history of the
children’s menu.
World’s Most Influential Thinkers Revealed – MIT
Technology Review
Want to become a
leading thinker? A new network analysis reveals the thinkers who most influence
the rest of us and suggests ways to join this elite list
The Race to Build a Better Business Class – NYT
Aircraft seating: The future of business class – The
Economist
Can media tell the truth?: Why all journalism
is “opinion” journalism – Craig
Willy
How A 'Deviant' Philosopher Built
Palantir, A CIA-Funded Data-Mining Juggernaut – Forbes
The U.S. Soldier Who Defected to North Korea – The
Atlantic
... and now lives in Japan selling crackers
Jobs's Great-Man Theory of Technology – The
Atlantic
The new biopic doesn't
just portray Steve Jobs as a jerk, it justifies and glorifies his ruthless,
uncompromising vision.
FINNISH
Eurojärjestelmästä
ja poliittisista tavoitteista – Valtteri
Aaltonen / US Puheenvuoro
Kolmas
kerta sadassa vuodessa – uhkaako asuntokupla jälleen?
– TalSa
Suomessa asuntojen hinnat ovat erittäin
korkealla. Viimeiseen sataan vuoteen mahtuu kaksi pahaa asuntokuplaa.
Asiantuntijat kertovat, toistaako asuntokuplien historia pian itseään.
Eri
euromaiden tilanne (bkt) – Henri
Myllyniemi / Piksu
Jalostusaste,
lama ja länsimainen massabrändi – Hannu
Visti
Olli
Rehn harkitsee ehdokkuutta EU:n huipulle – HS
Euroliberaalien ykkösehdokkaana Rehn saattaisi
nousta unionissa yhä ylemmäs
Näkökulma:
Sotkeeko Olli Rehn kokoomuksen pasmat? – HS
Ekonomistit:
Devalvointi ei pelastaisi Suomea – HS
Suomen
teollisuuden luvut EU:n synkimmästä päästä – HS
"Riitelevät"
Väyrynen ja Rehn samaan ryhmään? – Verkkouutiset
Tässä
on ekonomistien palkkaratkaisu Suomelle – TalSa
Työnantajat ja palkansaajat lipuvat kohti
syksyn työmarkkinaneuvotteluja. Neuvotteluista voi tulla myrskyisät, mutta
minkälainen palkkaratkaisu selviää myrskyn läpi? Taloussanomat haastatteli
12:ta ekonomistia. Lue, minkälaista palkkaratkaisua ekonomistit tarjoavat
Suomelle.