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Thursday, October 3

3rd Oct - 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: Stocks Slump For 9th Day In Last 11 Despite Boehner Bounce – ZH


EUROPE
Liquidity regulation and monetary policy implementation: from theory to practiceECB
Speech Benoît Cœuré

Troika Statement on the eighth and ninth Review Mission to PortugalECB

UNITED STATES
Making sense of the market in US CDS Felix Salmon / Reuters

  SHUTDOWN / DEBT CEILING
How the shutdown hurts the economy, in one chartWP

How a debt ceiling fight hurts the economy, in six chartsWP

When will Congress feel pressure to end the shutdown? It could take weeks.WP

Why the shutdown will be so hard to end, in one perfect quoteWP

Fed’s Lockhart: Prolonged Shutdown Makes October Taper Less Likely – WSJ
Fed's Lockhart says government shutdown to hurt fourth quarter U.S. growth – Reuters
Fed's Williams says worried about impact of government shutdown – Reuters
IMF’s Lagarde Says Raising U.S. Debt Ceiling Critical – BB

  FEDERAL RESERVE
Why No Taper? One Man's Viewmacroblog

No Fed Pick for at Least Few More DaysWSJ

Fed’s Williams Sees No Urgency to Taper – WSJ
Fed's Fisher says he feels 'angst' about Fed's balance sheet – Reuters
Fed’s Fisher says must take longer-term view to hit inflation target – Reuters

  ISM Non-Manufacturing
Tumbles, Worst Print Since June, Employment Index Has Biggest Drop Since 2009 – ZH
Weaker Than Expected – Bespoke
Index at 54.4 indicates slower expansion in September – Calculated Risk
Service Industries in U.S. Grow at Slower Pace Than Forecast – BB

ASIA
Three Keys to ChinaMarc to Market

Don’t Rule Out an Asia Banking Crisis, S&P SaysWSJ

OTHER
Global FI Strategy: Behind the curveNordea (pdf)
Or the summary.

Central Banker "Confession" Of The DayZH

EMEA Weekly, week 41Danske Bank (pdf)