Previously on MoreLiver’s:
EUROPE
Rising deflation risks in the Eurozone – Research
Ahead
Draghi urges governments to solve debt crisis,
says ECB cannot – Reuters
Draghi on Monday put
pressure on governments to push ahead with plans for closer European integration
to address the euro zone crisis' core problems.
GERMANY
German support for the European project should
not be taken for granted – Europp
/ LSE
Germany’s relative economic well-being and prosperity partly explains the
continuous support of the German people for the European project. However,
there has been a growth in euroscepticism in the country in recent years.
Whilst history might have made Germans more idealistic about the EU’s value to
unite a continent that underwent centuries of wars and instability, in the long
run the calls for more democracy, transparency, participation and efficiency
may grow louder.
PIIGS
Greece received a
clean bill of health from its international creditors on Monday, securing more
rescue aid and prompting its finance minister to say he would ask for much more
debt relief if Athens keeps meeting its bailout targets.
UNITED STATES
Companies won’t even look at resumes of the
long-term unemployed – Wonkblog
/ WP
Here’s one big reason
why America’s unemployment crisis may be here to stay. Thanks to the lasting
effects of the recession, there are currently 4.7 million workers who have been
out of work for at least 27 weeks. And new research suggests that employers
will almost never consider hiring them.
ASIA
A weakness in the unstoppable AUD? – alphaville
/ FT
GOLD / COMMODITY SELL-OFF
Goldman’s big think about the commodity
sell-off – alphaville
/ FT
What Are Gold’s Fundamentals ? – The Big
Picture
The 10 Rules of Goldbuggery – The Big
Picture
Another Golden Lesson For Asset Allocation
& Rebalancing – The
Capital Spectator
Bloomberg Frenzy On Gold's Historic Crash – The
Short Side of the Long
…some interesting
videos to watch from Bloomberg
OTHER
Welcome to the world of wild mood swings – Nordea
The recent moves have
been triggered to a large extent by disappointing economic data. Chinese growth
disappointed, US data has taken a clear turn for the worse and the Euro-zone
economy continues to perform poorly. That said, the longer-term outlook should
not have been materially changed.
Yield Forecast Update – Danske
Bank (pdf)
Central banks take
major steps to fight crisis
IN FINNISH
Miksi
hylätä oikea politiikka? – Henri
Myllyniemi / US Puheenvuoro
Jos kerran eurokraatit ovat niin vuorenvarmoja
olleet talouskurin olevan pahalta maistuva, mutta taatusti tehoava lääke, niin
eikö siitä lipsuminen ole väärää politiikkaa?