Roundups & Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global
Macro Trading
Daily Risk Monitor – Global
Macro Monitor
The Closer – alphaville
/ FT
US: Shutdown Euphoria Rotates To Safety Of Bonds And Bullion – ZH
EUROPE
ITALY
Letta Wins Confidence Vote After Berlusconi
Support – WSJ
Berlusconi U-turn secures government survival – Reuters
UNITED STATES
Fed’s Rosengren: Must Not Cut Stimulus
Prematurely – WSJ
SHUTDOWN
Economic damage from the shutdown? Small to
start, say forecasters – MacroScope
/ Reuters
Economists React: Shutdown Modest Hit, or
Prelude to Economic Shock? – WSJ
A brief government
shutdown is expected to have only a modest direct impact on the U.S. economy.
The furloughs are likely to knock 0.1 to 0.2 percentage point off the
annualized rate of fourth-quarter economic growth for each week that it lasts.
(That excludes any hit to the private sector and overall confidence.)
Debt Ceiling Watch (II): October 2 – Econbrowser
Stocks and the Shutdown in Four
Charts – WSJ
Government Shutdown: Where Do We Go From Here? – ZH
How to Track the Economy During A Government
Shutdown – WSJ
ASIA
BoJ Preview: No additional easing, yet – Nordea
BOJ Beat: BOJ Wins Round 1, But Clash With
Economists Goes On – WSJ
OTHER
Some Clouds Creep Into Global Outlook – WSJ
Upward momentum in
business surveys has stalled. Official data haven’t mirrored market euphoria.
And, after their August surge, commodity prices have turned down again. What’s
more, that’s not even factoring in some of the more awkward recent political
developments.
Investment Outlook October 2013 – PIMCO
William H. Gross: Survival
of the Fittest?