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EUROPE
Anti-Semitism
in Europe: Fear of a new darkness – The
Economist
Toulouse, Brussels, Paris and now Copenhagen. The list of European cities where
Jews have lately been murdered for being Jews grows longer.
Sex pest
cases, fraud or porn but Eurocrats keep their jobs – The
Telegraph
Inside the
glittering buildings that line Brussels' Rue de la Loi, unseemly behaviour
is often met with little more than a slap on the wrist
An election
in Hamburg underlines the domestic weakness of Angela Merkel
U.S.
Units of Deutsche Bank, Santander Expected to Fail Fed’s Stress Test – WSJ
Two Big
Problems With Deutsche Bank Failing The Fed's Stress Test – ZH
Shortcomings
seen in how banks measure and predict potential losses and risks
Denmark
treads where Switzerland failed - is “history repeating?” – Not
a Yes Man
GREECE
Eurogroup
statement on Greece – EC
Statement
Redline Comparison With Previously Rejected Statement – ZH
Why 4 And
Not 6 Months – ZH
Greeks and
eurozone agree bailout extension – FT
Greece,
euro zone creditors reach accord on loan – Reuters
Benchmarking
the Greece/Eurogroup Bailout Memo and Process – Yves
Smith
Greece
bends to Eurozone will to find short-term agreement – Open
Europe
You Say
Debt Relief, I Say Theft – View
/ BB
Greece surrenders, but how long will the
armistice hold? – Capx
Greece
saved from disaster - for two days – BBC
A Comment
on Greece – Calculated
Risk
Greece and
the EU: a question of trust – Frances
Coppola
Greece: a simple macroeconomic guide – Simon
Wren-Lewis
You've
heard the Greek crisis myths, now here are some truths – Macropolis
Bailout
extension receives mixed reactions across Europe
Griechenland
muss seine politischen Träume begraben – Die
Welt
Greece says
euro zone deal won time as cash bled from banks – Reuters
How Greece
Got Outmaneuvered – New
Yorker
Greece averts bankruptcy and softens
austerity in last-ditch deal – The
Telegraph
The
Politics of the Euro Area Crisis, Greece and the ECB – ICMB
Greece’s fate: In Angela Merkel’s hands? –
Fortune
EUROPEAN CENTRAL BANK
Why
European Bondholders Refuse To Sell To The ECB – ZH
UNITED STATES
The 2015
Economic Report of the President – White
House
A new
crop of candidates discovers the father of supply side economics – WaPo
Obama:
The Vox conversation
Part One:
Domestic Policy – VOX
Part Two:
Foreign Policy – VOX
MARKET
GS: Smart
Money Selling, Not Buying, Valuations In The 99th Percentile – ZH
Deutsche
Bank: 0% Upside To S&P 500 "Fair Value" From Here – ZH
28 years
hard capital – FT
The Shiller
PE surpassed its 2007 peak on Thursday… One of the last markers of the old path
as we stride on into unfamiliar territory. Maybe this is nuts, but we haven’t
crashed yet…
Are the
World’s Biggest Banks Moving Money for Terrorists? – BB
How a New Jersey lawyer is fighting to make banks
liable for violent deaths at the hands of extremists
The Hot
New Statistic Oil Traders Are Watching Is 71 Years Old – BB
The sudden
interest in Houston-based Baker Hughes’s rig counts shows how desperate traders
have become to find the bottom of the oil market after the biggest collapse
since 2008.
Bubbles
‘Wherever We Look’ Unnerve Top Nordic Buyout Fund – BB
The biggest
buyout fund in the Nordic region says an unprecedented era of monetary stimulus
is inflating asset prices across markets to extreme levels, with history
offering little help in predicting how it will all end.
A Tug of War: Overnight Versus
Intraday Expected Returns – Alpha
Architect
100% of the
momentum premiums remarkably occur overnight, rather than intraday…ALL returns
associated with stocks are from holding overnight risk.
FINNISH
[Kreikka] Päättymätön tarina – Peter Nyberg
Troikka on Kreikan ystävä – Henri
Myllyniemi / US
Kreikka on liian helppo syntipukki kriisiin – Jan
Hurri / TalSa
Kreikka on talous- ja rahoituskriisiin vain osasyyllinen. Yhtä
suuria syypäitä ovat Saksa, EKP ja EU-komissio. Niiden komennossa Suomikin on
kiltisti osallistunut Kreikkaa rahoittaneiden suurpankkien eikä suinkaan
Kreikan pelastamiseen. Nyt pankit on pelastettu, joten Kreikan kovistelukin on
koventunut.
Miksi Kreikka ei saanut parempaa sopimusta – haluttomuus
katsoa peli loppuun – Tyhmyri
Lobbari kertoo: poliitikkojen päätöksiin ei voi vaikuttaa
– paitsi että oho, juuri vaikutti – NYT