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Tuesday, September 10

10th Sep - US Close




Previously on MoreLiver’s:

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Roundups & Commentary
Markets – Between The Hedges
Daily Risk Monitor – Global Macro Monitor
The Closer – alphaville / FT
US: BTFATH Is Back; Nasdaq At 13-Year Highs, 10Y Nears 3.00% – ZH


EUROPE
ECB’s Maligned SMP Bond Plan More Effective Than Fed Purchases, Paper SaysWSJ

Italy And France "Hard" Data Dashes Hopes From Europe's "Soft" PMI DataZH

Euro Area Can Make Progress—Even Without an Unlimited Fiscal BackstopPIIE

Italy Yields Rise Above Spain’s Amid Berlusconi DebateBB

UNITED STATES
America’s Bond-Market BluesProject Syndicate
The market for US Treasury securities is one of the world’s largest and most active debt markets, providing investors with a secure stock of value, while helping to lower America’s debt-servicing costs. But the recent dumping of long-term US debt by foreign investors heralds the end of an era of cheap financing for the US.

Alcoa, Hewlett, BofA Out; Replaced With Goldman, Nike And Visa
Dow Jones To Kick Out Losers From Index: – ZH
The New Dow Stocks, in Three Charts – WSJ
With Alcoa Out, Dow Gets a New Earnings Pacesetter – WSJ
Dow Index Drops Bank of America, Alcoa and H.P. – NYT
The Dow Through the Years – WSJ
The Dow Jones industrial average is ridiculous – Wonkblog / WP
Dow Shakeup Won’t Leave Big Trading Footprint – WSJ
‘Dogs of the Dow’ Loses a Dog – WSJ

FINANCIAL CRISIS FIVE YEARS
This Day in Crisis History: Sept. 10, 2008WSJ

Where’s the next Lehman?The Economist
Five years after the maelstrom of September 2008, global finance is safer. But still not safe enough

Schools brief: The origins of the financial crisisThe Economist

Wessel Financial Crisis Q&A Highlights: Surprises, Advice and a Good JokeWSJ

What Might Have Been, and the Fall of LehmanDealBook / NYT

Banks Seen at Risk Five Years After Lehman CollapseBB

Why Didn't Anyone at Lehman Get Pinched?View / BB

Remembering Lehman, CDOs and securitizationLong Short / FT

Banks Seen at Risk Five Years After Lehman CollapseBB
 
OTHER
The Global Financial Safety Net Needs Better Tools to Cope with Future Crises PIIE
The prospect that the Federal Reserve will soon ease off on its purchases of long-term assets has increased financial-market uncertainty and contributed to a retrenchment in global capital flows. This turbulence has revived discussion of the need to enhance the global financial safety net

Flow Update: What Have the Japanese Been Buying and Are Investors Returning to Emerging MarketsMarc to Market

A Survey of Leading Economics BloggersHudson Institute (pdf)

EM debt volumes highest since Maybeyondbrics / FT
Emerging markets have rushed to issue debt to take advantage of a window of opportunity opened up by speculation that the US Federal Reserve could delay its plans to scale back monetary stimulus,

FINNISH
Persuntorjunnasta pysähtyneisyyden aikaanHannu Visti

Katainen: Kansanryhmää vastaan kiihottaminen rangaistavaaVerkkouutiset