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EUROPE
Turkish Political
Crisis Deepens: Ministers Quit, Prime Minister Urged To Resign – ZH
A global forecast shows Britain will become the most
successful economy in the West after the United States over the next
fifteen years
US credit risk
appetite hits euphoria – Sober
Look
As monetary conditions in the US begin to tighten and
interest rates rise, credit spread compression has to slow or reverse. The
current trend is simply not sustainable.
Briefing: Rising US
Interest Rates – Capital
Spectator
ASIA
If China is able to impose an
orderly adjustment quickly, its GDP growth rate will slow substantially for
several years.
JAPAN
The unintended
consequences of Abenomics – Sober
Look
Japan continues to
struggle in its endeavor to generate demand-driven inflation. To a large extent
price increases have been the result of costlier imports due to weaker yen,
particularly items related to food and energy. Outside of those sectors, prices
remain soft.
Bank of Japan Gov. Haruhiko Kuroda said Wednesday that recent broad
improvements in the economy have created a "golden opportunity" for
the country to escape years of deflation.
BOJ Beat: Depth of
Apparent BOJ Board Split Worth Watching – WSJ
At their November meeting, the board members were divided over the
interpretation of a third-quarter slowdown
Jun Saito, a former
chief economist at the Cabinet office, says it's wrong to focus solely on the
consumer price index to judge whether deflation is safely out of the way.
OTHER
Three Developments to
Note
– Marc
to Market
Chinese officials do not want banks to rely on short-term credits to
finance higher risk long-term ventures * US reported a much stronger than
expected rise in durable goods orders * Political crisis has escalated in Turkey.
Financial and
Sovereign Debt Crises: Some Lessons Learned and Those Forgotten – IMF
The current phase of the official policy approach is predicated on the
assumption that debt sustainability can be achieved through a mix of austerity,
forbearance and growth. The claim is that advanced countries do not need to
resort to the standard toolkit of emerging markets, including debt
restructurings and conversions, higher inflation, capital controls and other
forms of financial repression. As we document, this claim is at odds with the
historical track record of most advanced economies, where debt restructuring or
conversions, financial Repression, and a tolerance for higher inflation, or a
combination of these were an integral part of the resolution of significant
past debt overhangs.
10 Terms Investment
Pros Use to Raise Money – The
Big Picture
Greatest Hits of 2013 – Epicurean
Dealmaker
A market long in the
tooth and a trader who's seen brighter days – TradingFloor
The beauty of
Christmas and the New Year is the ability to step back, rest, rejuvenate and
come back strong and full of vigour in 2014. It’s been a tough year, but by no
stretch anything that should or could kill you.
FINNISH
Liberalismin petos, osa II – Takkirauta
http://takkirauta.blogspot.fi/2013/12/liberalismin-petos-osa-ii.html
Tieteen tekemisestä – Professorin
ajatuksia
Osakeasuntojen hinnat pysyivät ennallaan
marraskuussa – Tilastokeskus
Kuluttajien luottamuksen lievä nousuvire
jatkui joulukuussa –
Tilastokeskus
Suhdannekuva pysyi joulukuussa yhä vaisuna – EK