Roundups &
Commentary
Markets – Between
The Hedges
Recap – Global
Macro Trading
The Closer – alphaville / FT
EUROPE
Moody’s Unswayed By Signs of Euro-zone Growth – WSJ
Signs of emergent
growth in Europe haven’t convinced Moody’s Investors Service
that government debt in the weaker economies that use the euro deserve a rosier
outlook.
UNITED STATES
Fed to QE-Exit Whacked Emerging Markets: Drop
Dead – Credit
Writedowns
Four Reasons the Fed Should Start Tapering in
September – WSJ
Four Reasons the Fed Shouldn’t Taper Just Yet – WSJ
John H. Cochrane: The Danger of an All-Powerful
Federal Reserve – WSJ
'Macroprudential'
policy thinkers want central banks to micromanage the entire financial system.
Ahead of G20, China
urges caution in Fed policy tapering – Reuters
The U.S. Federal
Reserve must consider when and how fast it unwinds its economic stimulus to
avoid harming emerging markets, although the impact on China could be more limited compared with some other
countries, senior Chinese officials said on Tuesday.
Another day, another sign that Larry Summers
will get the Fed job – Wonkblog
/ WP
If Summers doesn’t get
the job it won’t be because the White House doesn’t want to choose him. It’ll
be because they’re worried he won’t clear the Senate.
U.S. consumer confidence rises in August – Reuters
Consumer Confidence
Comes in Above Expectations – dshort
Richmond Fed Manufacturing: A Strong Improvement – dshort
Richmond Fed: "Manufacturing Strengthened, Hiring Modest"
– Calculated
Risk
OTHER
Stephen S. Roach: The Global QE Exit Crisis – Project
Syndicate
Developing economies
are now feeling the full force of the Fed’s moment of reckoning. They are
guilty of failing to face up to their own rebalancing during the heady days of
the QE sugar high. And the Fed is just as guilty, if not more so, for
orchestrating this failed policy experiment in the first place.
FINNISH
Raimo Ilaskivi: Suomeen hätätilahallitus: Ministereiksi
Wahlroos, Alahuhta ja Sailas – IL