EUROPE
Euro Zone’s Fizzling
Growth Seen to Back Draghi Cut Case – BB
Europe, a Story of
Good Deflation and Bad – WSJ
Deflation: Just how
worried should we be? – TradingFloor
As inflation in the eurozone is at its lowest level in four years,
investors are worrying about deflation. Saxo Bank's Nick Beecroft says the
issue is serious and reminds him of the Bank of Japan’s failure to take bold
action in the 1990’s.
Can and Should the
Eurozone Survive? [Video] – LSE
Without further steps - closer economic integration and a banking union
- the single currency will be at risk and the eurozone divided between northern
creditors and southern debtors. And there are fresh signs that at the very
least Greece, and possibly Ireland and Portugal, may need further rescue funds.
But a break-up would be the worst option for all, including Germany.
ECB must act to
prevent euro aping strong yen – FT
If ECB does not act, the euro risks resembling the yen of the 1990s and
2000s, says Mansoor Mohi-uddin, managing director of foreign exchange strategy
at UBS.
The BoE’s quarterly inflation report next Wednesday.
Spanish Banks'
Extend-And-Pretend "Bad Debt Miracle" Revealed – ZH
GERMANY
The view from Germany – mainly
macro
Europe’s Macro Muddle
(Wonkish) – Krugman
/ NYT
Exclusive: German
parties reach deal on banking union – sources – Reuters
United on banking
union?
– MacroScope
/ Reuters
Turning Germany’s
surplus into a win-win for the eurozone – Olli
Rehn
UNITED STATES
The Dummies' Guide To
What The Jobs Report Really Means – ZH
Low inflation
creating a QE trap – Sober
Look
No rush to exit QE as inflation is low, so it will continue so long that
exiting will be difficult.
ASIA
Economists React:
Better China Data May Open Door for Reform – WSJ
As Communist Party
leaders gathered to map out the direction of China’s economic policy in the
next decade, data released over the weekend painted a picture of steady growth
in the world’s second-largest economy.
The Third Plenum:
What the Markets Are Watching – WSJ
OTHER
Five questions facing
FX this week – TradingFloor
We had a good dose of volatility last week, particularly on the surprise
ECB rate cut decision. Today, we select five developments from among the G10
currencies to keep on the trading radar as the week develops.
Goldman's Five Things
To Watch As Currency Wars Return – ZH
Global Economy:
Surprise tactics sweep central banking – Reuters
After slashing interest rates to almost nothing and printing trillions
of dollars, central banks are becoming increasingly reliant on another policy
weapon: sucker punching markets.
The Month that was:
October ’2013 – RCS
This report concisely summarizes the important macro events that
occurred in October
FINNISH
Helsingin
Ruoholahdessa pelataan riskipeliä suomalaisten eläkerahoilla.
Tässä tulevat terveyden hyvikset ja pahikset – Talouselämä
Hoiva- ja
terveysyhtiöt ovat kehnoja veronmaksajia, kertovat Talouselämän verohallinnolta
keräämät tiedot. Monet yritykset kannattavat huonosti, joten pienet maksuun
pannut verot ovat vain luonnollisia.
Jutta Urpilaisen viimeinen taisto – Talouselämä
Pääkirjoitus: Suomea vetävät vahvat
virtaukset – HS
Professori: Kehitysavun vaikutuksia ei
tiedetä – YLE
Jyväskylän
yliopiston kansainvälisen kehitystyön professori Jeremy Gould sanoo, että
kehitysavun pitkän aikavälin vaikutuksista ei ole tutkimustietoa. Suomi käyttää
vuodessa runsaat 1,1 miljardia euroa kehitysyhteistyöhön.
Deflaatio – parempi kuin inflaatio? – Talouden
Tulkki
Sekä oikeisto- että vasemmistopuolueet
Suomessa käyvät sotaa pienituloisia vastaan – Tyhmyri