Roundups &
Commentary
Frontrunning – ZH
Overnight: Safety Bid For 10 Year TSYs Offsets USD Weakness, Keeps
Futures Rangebound – ZH
The Lunch Wrap – alphaville
/ FT
EU daily news – Europa
Daily press summary – Open Europe
Morning MoneyBeat: Stock Selloff Starting to Get Serious – WSJ
Morning Bond Update: Transmission full blown – TradingFloor
Europe Main Beneficiary of Flows from Emerging
Markets – Marc
to Market
EUROPE
Privatisation in the euro area: Differing
attitudes towards public assets
– DB
Research
All in all, the
privatisation receipts that can be generated in the foreseeable future should
not be overestimated. For example, political opposition still has to be
overcome mainly with regard to the privatisation of services of general
interest. In addition, public-sector companies, facilities and buildings are in
many cases in need of restructuring or renovation if they are to be of any
interest to private investors.
There’s no doubt Germany’s safe haven status, much like that of the United States, has allowed it to borrow more cheaply. But
that probably doesn’t account for the broader costs of the crisis and the
European recession—nor for what might have happened had Germany supported a more pro-growth Europe.
End Austerity Now – Project
Syndicate
Eurozone leaders must
recognize that spending cuts will do nothing to stabilize the balance sheets of
core-country banks that are over-exposed to peripheral countries’ sovereign
debt. Until Europe rejects austerity in favor of a
growth-oriented approach, all signs of recovery will prove illusory.
Russian Recession
Risk Worsened as Banks Skimp on Loans – BB
UNITED STATES
Or embedded on The
Big Picture.
Why all the Yellen about a new Fed boss? – TradingFloor
Since 1979, the
markets have survived the replacement of the irreplaceable Paul Volker and the
hero turned villain, Alan Greenspan. Bernanke will just be another name for the
history books.
ASIA
Japan PM Adviser Wants More Spending If Tax
Raised – WSJ
OTHER
Forward guidance: I want to have my cake and
eat it! – DB
Research
In the space of a few
weeks “forward guidance” has become established as a new fashion among the
world's leading central banks. European central banks are hoping that by
issuing “forward guidance” they will be able to decouple at least a bit from
the trend of rising rates in the US.
Global real money
growth still slowing – Qfinance
FINNISH
Suomen talouseliitti suosii Luxemburgia
sijoituksia tehdessään
– HS
Ehrnroothin
suvulla on pienessä ruhtinaskunnassa satojen miljoonien eurojen
sijoitusomaisuus
Pääkirjoitus: Rehnin ehdokkuus ei ole
Suomelta pois – HS
Tapaus Eufex – miten suomalaispankki voi
sählätä näin pahasti?
– TalSa
Työmarkkinatilanne ei kannusta työnhakuun –
työttömyys laski – Verkkouutiset
Ottavatko markkinat ja keskuspankit yhteen? – Henri
Myllyniemi / Piksu