Previously on MoreLiver’s:
EUROPE
BANKING UNION
Statement of the ECB
on SRM agreement – ECB
European Union lawmakers struck a deal on legislation to create a single
agency to handle failing euro-area banks after an all-night negotiating
marathon ahead of a summit of EU leaders starting today in Brussels.
Europe strikes deal to complete banking union – Reuters
Europe took the final step to complete a banking
union on Thursday with an agency to shut failing euro zone banks, but there
will be no joint government back-up to pay the costs of closures.
Factbox: Key facts
about Europe's banking union – Reuters
Europe struck a deal on Thursday to complete a
banking union with an agency to shut failing euro zone banks, but there will be
no joint backstop for a fund to pay the costs of closures.
EU SUMMIT
Awaiting the next Russian blacklist – FT
How stiff is EU’s resolve? – Reuters
Barroso gives little away – FT
Cameron focuses on EU reform – FT
12 names on EU sanctions – FT
UKRAINE / RUSSIA
Banks’ exposure to Russia by major economy - FT
UNITED STATES
Five reasons why the long-term jobless
don’t matter to the economy – WaPo
The millions of Americans suffering through long stretches of
unemployment could be left behind as the economy strengthens, a study by an
influential former White House economist found.
FEDERAL RESERVE
Grading Yellen: ‘It Was a Poor Performance’ – WSJ
FOMC Economic Outlook – Bespoke
Dollar Consolidates Gains after Yellen Lays an Egg – Marc
to Market
For more on FOMC, see
my ‘Special’.
The Fed's Annual
"Stress Test" Is Out: 29 Of 30 Banks Pass – ZH
MACRO NUMBERS
Philly Fed Business Outlook: Rebound in March – dshort
Philly Fed Jumps As Employment Plunges To 9-Month Lows – ZH
Conference Board Leading Economic Index Increased in February – dshort
U.S. economic activity
gauge rises in February – Reuters
Existing Home Sales Lowest In 19 Months, Cheapest Home Sales Tumble 18%
- ZH
Existing home sales edge down in February – Reuters
Comments on Existing Home Sales – Calculated
Risk
ASIA
BOJ Beat: Don’t Fear
Leaving Deflation Behind – WSJ
There's nothing to fear about leaving chronic deflation behind and
entering a new world of mild inflation. That seems to be key message that Bank
of Japan Gov. Haruhiko Kuroda
delivered on the first anniversary of his coming into the job.
Abenomics Outlook: Ya
Gotta Believe – WSJ
Japan’s big new economic stimulus program has had a remarkably effective
launch. But despite the bold talk of “regime change,” officials still suffer
from “a lack of credibility” about their determination and ability to end two
decades of decline.
OTHER
The US dollar has
blasted to the strong side and is sending an unambiguous signal that it can’t
be ignored – especially (and finally) against the major European currencies. JPY outlook is less clear.
FINNISH
Hallitus ei voi laskea talouskasvun varaan – Roger
Wessman
Keskustan eurovaalikannatus romahti – YLE
Taloustutkimuksen
kannatusarvion mukaan kokoomus ja perussuomalaiset voittaisivat yhden
lisäpaikan, ja vasemmistoliitto palaisi takaisin Euroopan parlamenttiin.
Äänestäjät potevat pahenevaa luottamuspulaa
eduskuntaa ja EU-päättäjiä kohtaan – YLE
Tutkija on
sitä mieltä, että epäluulo päättäjiä ja instituutioita kohtaan ei ole pahasta
vaan osoittaa, että emme elä banaanivaltiossa. – Epäluulo on tervettä, sanoo
Åbo Akademin erikoistutkija Lauri Rapeli.
Terveisiä Natosta! – Petrus
Pennanen / US
Venäjän ”esitanssijat” ja Suomen 5. kolonna – Arto
Luukkanen / US