Weekender: Weekly Support (updated)
Special: German Elections 2013 (updated)
Roundups &
Commentary
Markets – Between
The Hedges
Recap – Global
Macro Trading
Daily Risk Monitor – Global
Macro Monitor
The Closer – alphaville / FT
US: Bernanke
Stock-Boost Busted, Bonds Best Bid – ZH
EUROPE
Speech
Mario Draghi – ECB
Hearing at the
Committee on Economic and Monetary Affairs of the European Parliament
Mario Draghi Warns Lawmakers Over Stress Test
Holes – WSJ
The ECB has long
asserted that it can support the banking sector with long-term loans to get
them through any liquidity challenges, and Mr. Draghi even opened the door to
providing additional long-term loans to banks on Monday. But the dirty work of
recapitalizing banks remains the
responsibility of the member states.
Is there a path to political union? – Bruegel
Overall, four years
into the euro crisis, Europeans still on balance trust Europe and the European institutions more than the
national ones. This is particularly true in the South, which highlights a
profound defiance in politics, leadership and national elites, and less true in
the North, where confidence in the EU is now falling or about to fall below
that of national institutions.
Mapping The Collapse Of European Democracy – ZH
UNITED STATES
Democrats to Boehner: There will be no
debt-ceiling negotiation. Seriously. – Wonkblog
/ WP
A government shutdown will cost us billions – Wonkblog
/ WP
Does the Fed have a communication problem, or
do markets have a listening problem? – Wonkblog
/ WP
How Do You Say ‘Fixed-Rate, Full-Allotment
Overnight Reverse Repo Facility’ in English? – WSJ
Dudley: Reflections on the Economic Outlook and the
Implications for Monetary Policy – FED
The Doves Hit The
Tape: Dudley, Lockart Plead For More QE – ZH
Bill Dudley Explains
The Fed's Logic Behind The New Overnight Reverse-Repo Facility – ZH
Fed Soaks Up $11.8
Billion In Liquidity In First Fixed-Rate Reverse Repo Test – ZH
Fed’s Lockhart: Churn
in Jobs Market Has Slowed in Past Decade – WSJ
Fed’s Lockhart: Hard
to See Hitting Conditions for October Taper – WSJ
Another Fed President
Confirms Fed Credibility Undermined – ZH
Fed’s Fisher: Tapering
Delay Threatens Credibility – WSJ
Chicago Fed: "Economic Growth Picked Up in
August" – Calculated
Risk
Chicago Fed: Economic
Activity Picked Up in August – dshort
US Flash Manufacturing
PMI – Markit
(pdf)
US PMI Misses Expectations To 3-Month Lows; Orders And Employment Tumble –
ZH
OTHER
FX Forecast Update – Danske
Bank (pdf)
USD take-off postponed
– not cancelled
Beginning the Week – RCS
Chart of the week: EM currencies and
non-intervention – beyondbrics
/ FT
On This Day 15 Years Ago The LTCM Bailout
Ushered In "Too Big To Fail" – ZH
FINNISH
Nordean
Kangasharju: Saksa saattaa taipua pankkikriisijärjestelyyn – TalSa
Saksassa Angela Merkelin puolueen voitto
tarkoittaa, että juna jatkaa kulkuaan. Näin arvioi Nordean tutkimusjohtaja. Kun
vaalit ovat ohi, Saksa saattaakin kääntää kelkkansa ja myöntyä pankkikriisien
ratkaisurahaston perustamiseen.
Eurooppa
sai vahvan emännän – Vesa
Varhee / TalSa
Saksan liittokansleri Angela Merkel sai
kansaltaan entistä tukevamman valtakirjan tehtäväänsä. Merkelin murskavoitto
Saksan liittopäivävaalissa poisti eurokriisin hoidolta jarrun. Tulos antaa
toivoa kriisin kääntymisestä parempaan. Kriisimaille ei kuitenkaan ole luvassa
helppoja ratkaisuja.
Tutkija:
Eurokriittisten menestys kiinni eurokriisin hoidosta –
Verkkouutiset