EUROPE
Danske Bank's EMU Poll: Significant lead for No
side – Danske
Bank
The European debt
crisis has affected Danes’ attitude to joining the euro. The No side’s lead is
now at 31 percentage points and is rising slightly.
Euro area deflation monitor – Danske
Bank
Some differences
between countries. However, all countries except Germany are placed below zero in the deflation index,
which follows as the low inflation is broad based. For Germany the ranking above zero should be temporary as
inflation is set to fall in December.
We cut spending and
top tax rates, and now deficits are down and jobs are being created at a
healthy clip.
The third Merkel government – DB
Research
A lot of senior
personnel and experience but flawed policy platform
BANKING UNION
Coming banking union
storm: leaked points of friction – Brussels
blog / FT
Irreconcilable differences? We should know by Thursday. Either that, or
cancel your holiday plans.
Laughable Eurozone Banking
"Non-Union"; Expect Disorderly Breakup – Mish’s
EUROPEAN
CENTRAL BANK
ECB Fails To Sterilize Bond Purchases For
Second Time In A Month – ZH
Meet The New Bundesbank Hawk At The ECB – ZH
CRISIS
COUNTRIES
A Conversation With
Iceland’s president Ólafur Ragnar Grímsson
UNITED STATES
FEDERAL
RESERVE
Three Potential Outcomes From Fed Meeting – WSJ
1) hold and wait 2)
start tapering 3) announces taper date
Taper Expectations, Then and Now – WSJ
This time around, a
majority of investors and economists expect the Fed to keep its
$85-billion-a-month bond-buying program in place, at least for the next month,
if not longer. But if the experts were so off three months ago, what about this
time around?
More Economists Weigh
In on Tapering – WSJ
"Twas The Night
Before Taper" – ZH
Deutsche's Joe LaVorgna Sees A $10 Billion Taper
What to Watch for
From the Fed Meeting – WSJ
Will they taper * What do they cut * Do they fiddle with forward
guidance * What are their economic projections * How will Bernanke handle his
swan song
A Look Inside the
Fed’s Balance Sheet – WSJ
As the Federal Reserve
debates whether to keep buying $85 billion of bonds a month, the assets on its
balance sheet are on the cusp of surpassing $4 trillion for the first time.
MACRO NUMBERS
CPI Unchanged, Below Consensus; Core Inflation Higher Than Expected – ZH
CPI unchanged in November, Core CPI increases 0.2% - Calculated
Risk
Key Inflation Measures
Still Weak as Fed Meets – WSJ
Homebuilder Confidence Spikes Back To Highest In 8 Years – ZH
NAHB: Builder Confidence increases to 58 in December – Calculated
Risk
Homebuilder Confidence Finishes 2013 on a Positive Note – Bespoke
Did the Housing
Market Already Digest Higher Mortgage Rates? – The
Reformed Broker
Change in Home Prices – N.Y. FED
Housing Recovery – Chart Porn
Fed Study Shows Drop in Participation Rate
Explained by Retirement – dshort
ASIA
Views from Bertrand Badré, chief financial officer at the World Bank
Group
OTHER
Remarks on liquidity – BIS
Address by Mr Guy Debelle, Assistant Governor (Financial Markets) of the
Reserve Bank of Australia, to the Australasian
Finance and Banking Conference, Sydney, 17 December 2013.
The modern economy
depends on dozens of obscure metals – WaPo
What happens if we run out?
2013 Country Stock
Market Performance – Bespoke
FINNISH
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