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EUROPE
The bank said its main repurchase, or repo, rate is expected to remain
at this level for around a year. In
February the Riksbank said the first rate hike would come “at the beginning of
2015.”
ECB’s Bonnici Says
Bank Will Take Rising Euro Into Account – WSJ
Draghi’s Hunt for QE
Assets Leaves ECB Scouring Barren Market – BB
The ECB’s focus on ABS for monetary easing risks guiding it toward a
policy that might be slow to evolve and far smaller than the 1 trillion euros
($1.4 trillion) in bond purchases it has already simulated. Draghi has said
international regulators must change the rules on ABSs, yet those officials are
steering against the easy creation of complex products because of the role they
played in the global financial crisis.
Greece: Master of Suspense –
WSJ
That new Greek bond — the terms – FT
UNITED STATES
Why big banks have to
raise $68 billion by 2018 – WaPo
On Tuesday, the three banking regulators finalized a proposal to have
the eight largest banks double the amount of capital they hold to absorb losses
on practically every asset on their books, not just the risky ones.
4 key reasons for
CAPEX accelerating – Sober
Look
The Most Important
Difference Between 2007 and 2014 – The
Reformed Broker
FEDERAL RESERVE
Fed’s Kocherlakota: Fed Could Do Better in Achieving Job, Inflation
Goals – WSJ
Fed’s Plosser: More Bond-Buying Won’t Boost Low Inflation – WSJ
Fed’s Evans Worries Policy Makers Will Tighten Policies Too Early – WSJ
FOMC Minutes
SEP changes "not less accommodative reaction function" – Calculated
Risk
FOMC Minutes Confirms "Forecasts Overstate Rate Rise Pace" – ZH
Hilsenrath: Fed Worried About Misleading on Interest Rates at Policy
Meeting – WSJ
Fed Minutes Show Fears of Rate Increases Overdone – WSJ
Stocks Double Gains After Fed Minutes – WSJ
ASIA
China Commodity Demand Not
Peaking, Says IMF – WSJ
The big question now is how far China’s leaders will go in
perking up the economy through stimulus measures.
BOJ Beat: Calibrating Kuroda’s Optimism: Easing Still Possible – WSJ
OTHER
In IMF Outlook, Asia Looks
Good by Comparison – WSJ
Brazil, Russia and South Africa for big growth
forecast downgrades. Meanwhile, the fund’s projections for India, China and Indonesia have improved in
recent months.
Weekly Bond Update:
Corporate bonds continue strong performance – TradingFloor
Corporate bonds are continuing their strong performance in 2014, with
investors starting to look for the attractive risk-reward trade in emerging
markets.
IMF Sees Rising Risks
for Emerging Markets’ Corporate Debt – BB
Goldman Warns 67%
Odds Of A 10% Market Decline In Next Year – ZH
Global Business Cycle
Monitor – Danske
Bank
Indicators point to temporary slowdown
Would You Buy These
Charts? – Bespoke
FINNISH
Arvostusinflaatio ja varallisuuden jako – Roger
Wessman
Loputon säästökuuri ja tukiaispolitiikan
vitsaus – Hannu
Visti
Presidentti Ahtisaari: Valtio ei voi
kustantaa kaikkea – Verkkouutiset
Presidentti
Martti Ahtisaari pitää pohjoismaista hyvinvointiyhteiskuntaa hyvänä ja reiluna
yhteiskuntamallina, mutta korostaa samalla yksilön vastuuta.
OLLI
REHN VAUHDISSA
Olli Rehn: Kreikan vakuudet poliittisen
pääoman tuhlaamista –
Verkkouutiset
Vastaus Rehnin hyökkäykselle: Eikö Suomen
etua olisi pitänyt ajatella? – Verkkouutiset
Miapetra
Kumpula-Natri pitää sumutuksena Olli Rehnin tason talousosaajan kommenttia
siitä, ettei Kreikalta vaadituista vakuuksista olisi Suomelle hyötyä.
Olli Rehn kovistelee Soinia ja SDP:tä –
"Voin kertoa teille salaisuuden" – Uusi
Suomi
Soini: Suomella luottojohdannaissopimus – ei
vakuuksia – Verkkouutiset