Previously
on MoreLiver’s:
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EUROPE
Euro-area
outlook for 2015: recovery despite deflation – Danske
Bank
Banks
Dust Off ‘Grexit’ Plans, But Is It Really Likely? – WSJ
EUROPEAN CENTRAL BANK
The
deflation naysayers
– Bruegel
As the euro
area experiences decreasing prices for the first time since 2009, not all
economists are aboard the anti-deflation bandwagon, arguing that the worries
expressed about mild deflations are misguided. In this review, we explore the
empirical and theoretical arguments put forward by the deflation naysayers.
The ECB,
which took over regulation of the eurozone’s 130 biggest banks from national
supervisors in November, has given lenders until the end of this week to appeal
against the capital ratios it believes they need.
The ECB
and QE: Will It Work?
– WSJ
Whether the
mechanics of Europe’s capital markets will render QE
less effective in Europe than in the U.S., and whether QE really has any
lasting effect on an economy at all, are still big questions on the Continent.
The ECB
exploring QE options –
Sober Look
5
Questions On Quantitative Easing as the ECB Prepares to Act – WSJ
Wolfgang
Münchau: Eurozone must act before deflation grips – FT
A
helicopter drop would work — but I fear it would be too unconventional for the
European mind
REGULARS
Daily
Central Banks – WSJ
Hilsenrath’s
Take: How Is It That Economists Still Don’t Get Where Inflation Comes From? * Fed
Likely to Remain Patient on Rates After Jobs Report * Fed’s Bond Buying Yields
Bonanza for Treasury * European Central Bank’s Bond-Buying Plans Face Doubt * Banks
Ready Contingency Plans in Case of Greek Eurozone Exit
Daily
Macro – WSJ
Both oil
market and economic data for countries outside of the U.S. are currently
flashing the worst of both worlds. At some point that scenario has to give,
though, as the windfall of lower energy prices has to kick in and produce some
better economic numbers.
Danske
Daily – Danske
Bank
FI
Eye-Opener – Nordea
Plenty of
CPI data on the agenda this week * ECB QE speculation continues * US yields
plunge
The
Global Chessboard Reconsidered – Marc
to Market
US Open – ZH
Stocks
Bounce On Daily ECB QE Rumor Regurgitation, Oil Plunges On Goldman Downgrade
From the
floor – TradingFloor
OTHER
FX:
enough is enough? –
Nordea
Oil price
fall, close to major falls historically, coming to end. Can we expect another
great year for USD? Sniffing the bottoms...
World
Week Ahead – WSJ
Weekly Global
Central Banks Calendar – WSJ
FINNISH
Öljy painaa myös USA:n inflaation lähelle nollaa | Venäjän
uusi markkinavuosi alkaa synkkänä | USA:n työmarkkinadata oli pettymys
Matti Virtanen: Terrori-iskuista kotimaan politiikkaan
– YLE
7Puoluejohtajien mielestä ei ole syytä ryhtyä mihinkään
toimenpiteisiin. Bloginpitäjä on vakaasti toista mieltä.
Korkeasti koulutettujen työttömien määrä kasvaa edelleen
– Akava
Miksi euroalueen laskevissa hinnoissa ei ole mitään
yllättävää? – Raha
ja talous
Euroalue on vihdoin deflaatiossa – mitä se tarkoittaa?
– HS
Rahaliiton deflaatio on seurausta öljyn halpenemisesta,
joten sitä on turha säikähtää. Deflaatio tai hyvin heikko inflaatiovauhti
kertovat kuitenkin talouden pitkäkestoisista ongelmista. Se on Euroopalle
erittäin vakava asia.
Roger Wessman: Euron heikkenemisen siunaus – Marketnoze