Roundups &
Commentary
Frontrunning – ZH
Overnight: Futures Tumble On Pre-War Jitters, Emerging Market Rout, More
Summers Rumors – ZH
The Lunch Wrap – alphaville
/ FT
EU daily news – Europa
Daily press summary – Open Europe
Morning MoneyBeat: Gold Starting to Glitter Again – WSJ
Imminent Syria Strike and Rout in
Emerging Markets Underpins Dollar, Yen, Swiss Franc – Marc
to Market
EUROPE
Europe’s Single Bank Rule Book Falls Apart as
North Races Ahead – BB
The goal of a single
rule book for Europe’s banks is splintering even before it’s
implemented as northern countries move ahead with tougher requirements to ward
off the next boom-to-bust cycle.
German Business Confidence Rises to Highest in
16 Months – BB
German Ifo index promises more growth – TradingFloor
The German Ifo
business climate index for August confirms the Germany's manufacturing-led recovery. Sectoral indices
suggest the growth is spreading to other sectors as well, which should support
growth in the coming months.
BOE’s Bean Says Can’t See Signs of Housing Boom
Emerging – BB
Euro zone rate cut prospects evaporate – MacroScope
/ Reuters
Swedish credit growth
– still worth watching – Nordea
Sweden: Slow recovery in foreign trade – Nordea
Danish financing
requirement nosediving – Nordea
UNITED STATES
Will this be the ZLB/repo/collateral-scarcity
solution we’ve been waiting for?
– alphaville
/ FT
According to the
little-noticed second paragraph in the FOMC minutes to the July meeting, Simon
Potter of the New York Fed discussed with the committee a possible addition to
the Fed’s set of tools for tightening policy when the time comes — a “fixed-rate,
full-allotment overnight reverse repurchase agreement facility”.
Gary Shilling: Beyond
the bright prospects for a return to rapid economic growth and a reduction in
debt, the U.S. has many long-run advantages in a globalized world
Wage Stagnation and Market Outcomes – Economix
/ NYT
A new paper from the
Economic Policy Institute provides both diagnosis and prescription of what is
arguably the fundamental problem of the United States economy in recent years: wage stagnation.
Fed Shouldn’t Ignore Emerging Market Crisis – WSJ
Broadly, the thinking
seems to be that emerging market economies brought their problems on
themselves.
ASIA
Don’t Blame the Fed for Asia’s
Problems – View
/ BB
A different kind of
smugness has afflicted Asia in recent years. After the 2008 global crash,
regional governments started believing their own press. They were convinced
they had decoupled from the West.
OTHER
Summer's gone—Don't
hold your fire – TradingFloor
Michael O'Neill: Tapering isn't the only item on the menu. There are
plenty more economic, political and geopolitical issues simmering on the
horizon which could have serious implications for FX traders.
Nothing screams
shadow banking quite like a leveraged loan ETF – alphaville
/ FT
Business cycles: Demand
more inflation – Free
exchange / The Economist
FINNISH
Kuluttajien luottamus ennallaan elokuussa – Tilastokeskus
Juha Sipilä: perjantain puhe Keskustan
eduskuntaryhmän kokouksessa – Keskusta
Kuka sanoisi heureka? – Elina
Lepomäki / US Puheenvuoro
Presidentti Niinistö: Suomen Nato-kupla
puhkesi – IS
Niinistö perää "yhteisen kohtalon
henkeä" – IL
Niinistö: Tässä ei itsekehu auta - "Emme
elä enää 90-lukua"
– IL
Pääkirjoitus: Soini potee jo hallituskipeyttä – IS
Niinistö arvosteli jyrkästi eläkerahapomojen
bonusjärjestelmiä – HS
Pääkirjoitus 26.8.2013: Säätiölakia aiotaan
väljentää liikaa – IL
Pääkirjoitus: Hallitus on kuin hullu mies
Huittisista – IS
Riiheen hyvin ja huonoin uutisin – demari
Talousfoorumista kohti rakenneuudistuksia – Kansan
Uutiset
Kova halu hallitukseen – SS
Karvaat lääkkeet on uskallettava antaa – SS
Soini nylkee jo karhua – ESS
Pääkirjoitus 27.8.2013: Ratkaisuja kannattaa
etsiä nyt kabineteista
– IL
On pitkäjänteisten päätösten aika – demari
Soinilla liikaa hallitusehtoja – Kouvolan
Sanomat
Suunnanmuutos on kiinni päättäjistä, ei
kansasta – Suomenmaa