EUROPE
EU Lawmakers Reject
Draghi Call for Bank Bondholder Clemency – BB
In the coming decades,
Europe’s share of the world population and global GDP is expected to fall
considerably. To prevent inexorable decline, Europe must reach clear decisions
in three crucial areas: how to pull the eurozone out of crisis, how much
national sovereignty to cede to the EU, and how far to take enlargement.
The anti-euro parties may be stronger than ever in the next European
Parliament. But unless they start working together, they will not be able to
backtrack on the single currency, brought in by the economic elites of Europe
in the pursuit of their own joint interests.
Paper by EU Economist
Backs Austerity’s Critics – WSJ
The mystery of EU
economic study criticising Berlin – Brussels
blog / FT
Did tight-fisted budget policies in Germany help make the
eurozone crisis deeper and more difficult for struggling bailout countries like
Greece and Portugal? That appears to be
the conclusions of a study by a top European Commission economist that was
published online Monday – but then quickly taken down by EU officials.
UNITED STATES
Fed won't raise U.S.
rates until well into 2015, traders bet – Reuters
J.P. Morgan, Goldman See Fed Tapering Delayed
Until Spring – WSJ
When is the Fed going to taper QE? Probably not
soon! – WaPo
Worth The Wait? – Tim
Duy’s Fed Watch
Incoming data are not
exactly consistent with the definition of "stronger and
sustainable." And even if the data
shift upward in the next few months, it will take another three months to
confirm that it is sustainable. That
pushes any decision on asset purchases out to March at the earliest.
Also see September employment report special – MoreLiver’s.
Construction Spending
increased in August – Calculated Risk
U.S. construction
spending approaches 4-1/2 year high – Reuters
ASIA
Hidden debt must
still be repaid – mpettis
China’s Global War
Against Press Freedom – The
Diplomat
FINNISH
On niin raskasta – Kalle
Isokallio / IL
USA:n velkakriisin paluu, osa I(K-18) – Arvopaperi
HeSarin mukaan kriisimaat ovat jatkossa
kilttejä – mutta ei ymmärrä mistä kehitys johtuu – Tyhmyri
Harmaa valta – Suomi 2017
Mitä kuuluu pankkiunionille? – Henri
Myllyniemi / Piksu