3rd Mar - Ukraine, US macro

Previously on MoreLiver’s:

Monday: Ukraine & Feb PMIs

W/E: Linkfest

W/E: Random Charts

W/E: Weekly Support

Special: Follow Ukraine

W/E: Best of the Week

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EUROPE

  EUROPEAN CENTRAL BANK

ECB Said to Experiment With Governing Council Meeting Minutes – BB

The ECB has started to draft trial minutes of its Governing Council meetings and will experiment with different formats in coming months, according to two euro-region central-bank officials.

Mario Draghi: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament – ECB

  UKRAINE

EU to urge mediation with Russia over Ukraine – Reuters

Russia Warns Kerry's "Threats Are Unacceptable" As Europe Weighs Sanctions – ZH

Ukraine's Prime Minister Speaks – ZH

Putin Crimea Grab Shows Trail of Warning Signs West Ignored – BB

Economic Tools to Use Against Putin – View / BB

Putin's Playbook: The Strategy Behind Russia's Takeover of Crimea – The Atlantic

Is the Crimean crisis just the latest example of Moscow's support for secessionist movements?

A 35-Step Guide To Understanding Why Russia Decided To Follow The Olympics With A War - Buzzfeed

Russia Blocks Web Pages Linked To Ukraine Protests – The Huffington Post

Why Russia No Longer Fears the West – Politico

Council conclusions on Ukraine – Concilium

The Good, Bad, & Ugly Market Implications Of A "Crimean" War – Peter Tchir / ZH

Ukraine and Russia: should the EU worry about a ‘gas war’? – FT

Ukraine Crisis: What Investors Should Know Now – WSJ

EU and Ukraine: the leaked draft communiqué – FT

EU weighs ‘targeted measures’ against Russia – FT

Emerging Markets: Preview of the Week Ahead – Marc to Market

Ukraine crisis puts commodity markets on alert – Danske Bank

Russia aims at Ukraine, and its own economy takes a hit – WaPo

Why Crimea matters to Russia – FT

Ukraine – some thoughts on who is playing for what. – Golem XIV

Crimea and punishment – The Economist

Counting the Cost of Ukraine Turmoil to Russia’s Wealthiest – WSJ

Ukraine in crisis: weighing up the damage – FT

Ukraine oligarch: Putin is a “schizophrenic of short stature” – FT

Russia Raises Main Rate as Ukraine Crisis Threatens Economy – BB

UNITED STATES

  FEDERAL RESERVE

The Fed and Financial Stability: Three Questions – WSJ

A lasting consequence of the global financial crisis is the expansion of the Fed’s mandate: It is now one of the chief guardians of financial stability. There is, obviously, good reason to think a lot more about maintaining financial stability. What’s not so obvious is how to do that.

Fed’s Bond Buys Aren’t as Unconventional as They Appear – WSJ

The Fed's bond buys have much the same effect on financial markets, and therefore presumably on the economy, as interest rate cuts, New York Fed researchers argue in a blog post.

  MACRO NUMBERS

US consumer spending climbs, drives economy higher – TradingFloor

Blame It On The Weather? Personal Spending On Services Highest Ever In January – ZH

Personal Income increased 0.3% in January, Spending increased 0.4% - Calculated Risk

U.S. consumer spending rises, boosted by jump in services – Reuters

Consumer Spending in U.S. Rose More Than Forecast in January – BB

ISM Manufacturing Index Rises a Bit Above Expectations – dshort

Core Inflation Remains Far Below the Fed Target – dshort

ISM manufacturing rebounds but order-inventory balance is soft – Danske Bank

ISM Manufacturing Beats; Hovers Near 8-Month Lows – ZH

ISM Manufacturing index increased in February to 53.2 – Calculated Risk

ISM Manufacturing Stronger Than Expected – Bespoke

U.S. factory, spending data hint at improving economy – Reuters

OTHER

Emerging Economies on Their Own – Project Syndicate

José Antonio Ocampo: Both ECB President Mario Draghi and US Federal Reserve Chair Janet Yellen recently asserted that their policy decisions would account only for domestic conditions. In other words, emerging economies – though subject to significant spillover effects from advanced-economy monetary policy – are on their own.

World-Wide Factory Activity, by Country – WSJ

Much of the world’s factory sector was expanding in February, expanding slightly from the previous month.

George Soros Is Not a Gangster – View / BB

Barry Ritholtz: This weekend, I found myself in the rather unusual position of defending hedge funds.

FINNISH

Jari Tervo: Sodan aattona – YLE

Viime vuosikymmenten merkittävin maailmanhistoriallinen tapahtuma oli Neuvostoliiton romahtaminen

"Nato-jäsenyyttä ei pidä hakea ukonilmalla" – Verkkouutiset

Hallitusneuvottelut olisi hyvä paikka arvioida Suomen Nato-jäsenyyttä, katsoo ulkoasiainvaliokunnan varapuheenjohtaja Pertti Salolainen (kok.).

"Timo Soinin visio EU:sta jättäisi työtä tekevät vaille suojaa" – Verkkouutiset

sanoo SDP:n kansanedustaja, eurovaaliehdokas Miapetra Kumpula-Natri.

Isoisän vaarin vika – TalSa

Jos sinulla menee huonosti, voit syyttää siitä isoisäsi ukin vaaria. Uusin tutkimus julistaa sosiaalisen liikkuvuuden kuolleeksi. Suomessakin.

Antti Rinne vs. Jutta Urpilainen – Jyrki Virolainen

Tässä on Suomelle hätätilahallitus – TalSa

Hallituksen toimintakyvyttömyyttä moittivissa mielipidekirjoituksissa on vilahdellut sana menneisyydestä, virkamieshallitus. Jos hallitus menisi oikeasti vaihtoon, mitä voisi tulla tilalle? Kysyimme, keitä pitäisi nostaa tämän päivän hätätilahallitukseen. Tässä ovat nimet.

Asiantuntija: Suomen julkinen talous edelleen vahva – SK

Suomi on EU:n vahvin maa, kun katsotaan julkisen talouden nettorahoitusasemaa, sanoo ekonomisti Heikki Oksanen.

Wahlroos: Talousahdinko voimistaa euron vihollisia – KL

Kansantaloudellinen aikakauskirja 1/2014 – Taloustieteellinen Yhdistys