Previously
on MoreLiver’s:
EUROPE
Can Hollande pull off
a Schröder and will it work? – DB
Research
While the meaningful overhaul of the French economy is instrumental for
the economic survival of the euro, France should join forces
with Germany to fix the political
side of monetary union in the very near future.
EUROPEAN CENTRAL BANK
Where Are the ECB
Transcripts? – WSJ
The Fed released Friday thousands of pages of transcripts from the
central bank’s meetings in 2008. This is more difficult with the ECB.
Why the euro
inflation number is worse than it looks – Money
Supply / FT
Mr Alexandrovich’s chart shows that deflation is becoming more broad
based across the bloc, and in all but one of the eurozone’s largest economies.
Euro Inflation
Research 2: ECB's current inflation forecast – Danske
Bank
ECB sees no deflation
risk for now: Praet – Reuters
GERMANY
Germany at Heart of Europe's
Political Predicament; Squaring the Circle; When is the Breaking Point? – Mish’s
One way or another Germany is going to pay a
huge price. Theoretically, there are two solutions: 1) Germany can pay the price by
debt forgiveness and mutualization of debt 2) Germany can pay the price
via default when the eurozone breaks apart
Presentation: The
German economy and the German real estate market – DB
Research
Exporters send German GDP higher – TradingFloor
Foreign trade drives Q4 GDP growth as domestic demand disappoints – Reuters
German Exports Powered Fourth-Quarter Economic Growth – BB
EUROPEAN SEMESTER
Barroso speech – European
Commission
Report on the European Semester for Economic Policy Coordination: Annual
Growth Survey 2014
Winter forecast 2014
- EU economy: recovery gaining ground – European
Commission
MACRO NUMBERS
Europe’s Recovery: Slow, Oh-So Slow – WSJ
Euro Area Seen Improving While Trailing U.S.-China Growth – BB
UNITED STATES
Worst value
opportunity set in 25 years – Greenbackd
Looking back at our dispersion chart above, we’re currently at a 25-year
low, meaning the cheapest 10% of the market looks an awful lot like the other
90%.
Three Unlearned
Lessons of the Financial Crisis of 2008 – CFA
Institute
Great Graphic:
Capital Gets Organized, But Not Labor – Marc
to Market
MACRO NUMBERS
Home prices rise more than forecast in December – Reuters
ASIA
BOJ Beat: No Simple
Link Between GDP and Easing – WSJ
Simplification of the
Bank of Japan's communication approach doesn't mean Gov. Haruhiko Kuroda has
also simplified the policy-setting process to focus on just gross domestic
product, people close to the bank say.
For Abenomics, “Third
Arrow” is the Hardest — and Most Needed – WSJ
The first two arrows in his quiver – massive monetary easing and
targeted fiscal support – have succeeded in quickening economic growth and
setting prices on an upward trajectory that’s encouraging Japanese to spend
rather than save. Now it's time for real economic reform
EMERGING
Erdogan’s Removal
Sought by Turkish Opposition Over Tape – BB
The office of Turkish Prime Minister Recep Tayyip Erdogan said
conversations where he allegedly discussed hidden funds are fakes, even as
opposition leaders called for his resignation.
OTHER
Global Macro Update – The Short Side
of the Long
Credit Junkies – The Economist
A new IMF paper, published on February 13th, levels more substantial
criticism at Ms Reinhart and Mr Rogoff’s conclusions.
FINNISH
Kuinka suurista säästöistä nyt keskustellaan?
Tässä viisi vertailukohtaa – YLE
Kolme
miljardia euroa on vielä kaukana lama-ajan säästöistä Suomessa. Summa kalpenee
myös Kreikassa tehtyjen leikkauksien rinnalla. Keskituloiselta palkansaajalta
potin ansaitseminen veisi 77 000 työvuotta.
Sipilä Kataisen kutsusta: Nyt ei tehdä
päätöksiä seuraavan hallituksen puolesta – YLE
Keskustan
puheenjohtajan mukaan koko julkisen sektorin kestävyysvaje on kymmenen
miljardia euroa.
Oppositiopuolueet talousneuvotteluista: Ei
avointa valtakirjaa –
Verkkouutiset
Raimo Sailas: Istuva hallitus pakenee
valtaansa – HS
Tilasto ja miten se tulkitaan – Hannu
Visti
Yle tekee
melkoisen aasinloikan hieman komiikan puolelle lipsahtavassa uutisessaan. Siinä
kerrotaan, kuinka tavoitellut kolmen miljardin säästöt valtion menoihin (tai
no, miten sen nyt ottaa, verojahan oli tarkoitus lähinnä korottaa eikä niinkään
säästää, mutta olkoon nyt) suhtautuvat Bill Gatesin ja Antti Herlinin
miljardiomaisuuksiin.
Suomen talouskriisin luonne ja kasvun
edellytykset – Valtioneuvoston
kanslia
Bengt
Holmström, Sixten Korkman ja Matti Pohjola
Talousviisaiden arvio: Julkisten palveluiden
laatua ja etuuksien tasoa pitää leikata – TE
Kutsu – Sampo
Terho
Perjantaina
julkaistaan pamflettini “Kohti parempaa Eurooppaa”. Tilaisuus on avoin.
Tervetuloa mukaan!
Occupy Money Movement – US
Keskuspankeille
valtioiden suora setelirahoitusoikeus?
Italia: parempi vuosikymmen edessä? – Roger
Wessman
Tammikuun työttömyysaste 8,5 prosenttia – Tilastokeskus