Previously on MoreLiver’s:
Roundups &
Commentary
Frontrunning – ZH
Overnight: Open Levitation Returns – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Daily press summary – Open
Europe
Morning MarketBeat: Bullishness Bubbling Everywhere – WSJ
Morning
Briefing (EU/US): Glass Houses – BNY
Mellon
Musings on the US’ silence in the face of Japan’s dramatic policy manoeuvres
EUROPE
The ECB’S 3-Year LTROS and the Shift in Credit
Supply – The
Big Picture
An ECB
working paper looks at the ECB’s three-year long-term refinancing operations
(LTROs) and the shift in credit supply. “Compared with the most likely
developments one could have expected at the end of 2011 when financial tensions
culminated, our counterfactual exercises suggest that the 3-year LTROs
significantly lifted prospects for real GDP and loan provision to non-financial
corporations over the next two-to-three years.”
Are S&P and EU headed for eurozone
reconciliation? – Brussels
blog / FT
Trial of Putin Foe Shows No Russian Investors
are Safe – BB
Euro, shares recover as European worries recede
– Reuters
European
shares and the euro steadied on Tuesday, a day after a sharp selloff caused by
rising political risks in southern Europe, as new data confirmed the region's economy is
showing clear signs of recovery.
What If Nobody Wins the Italian Elections? – WSJ
The Euro’s Honeymoon is Over – WSJ
Forex Market Shrugs Off Hollande Comments on
Euro – WSJ
Complaints
about the strength of the euro stepped up a gear Tuesday as French President
Francois Hollande become the euro area's highest-ranking politician yet to wade
in to the debate.
Mario Draghi’s poisoned banking chalice – Hugo
Dixon / Reuters
When euro
zone governments agreed last year to give the ECB the power to supervise its
banks, that looked like another victory for its president Mario Draghi. It is
more like a poisoned chalice.
Mariano Rajoy's Mindblowing Defense – ZH
"It Is
All Untrue, Except For Some Things"
Spanish corruption scandal and Italian election
spook markets - as it happened – The
Guardian
UNITED STATES
Continued easing of lending standards – Danske
Bank (pdf)
OTHER
The great rotation: Not so great, and not even
really a rotation –
alphaville
/ FT
The ‘great rotation’ from bonds into equities: a few
weeks ago it was looking like it might be seriously on. Even Albert Edwards
sort of kind of said equities were cheap. And Ray Dalio said it is happening,
too. But there are a bunch of reasons why it doesn’t seem to be quite such a
sure thing, at least for now.
IN FINNISH
Suomen julkisen
sektorin ongelma on talouden tipahtaminen eikä niinkään yllättävä pöhöttyminen
– tyhmyri
Kansantalouden tuotanto laski marraskuussa
2012 – Tilastokeskus
Palkansaajien ansiot nousivat
loka-joulukuussa 3,2 prosenttia
– Tilastokeskus