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Saturday, January 31

31st Jan - W/E: Linkfest



31st Jan - W/E: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

Thursday, January 29

29th Jan - Danes lower rates, Germany in deflation



**DANISH CENTRAL BANK CUTS DEPOSIT RATE TO -0.5% FROM -0.35%**
At some point, Denmark will abandon the peg. Might take 2 months or two decades. Probably between those two ;)

Either Denmark becomes SNB of past years and begins making money from the peg - or lets it go. Expect an expensive mistake from Danes: Denmark's CB will probably end up buying European crap assets, and only later abandon the peg. It should do it the other way around.

Wednesday, January 28

28th Jan - Fed repeats "patient", adds "international"

Stephen King, chief economist of HSBC on Twitter:


I once told some Bavarian investors that they were responsible for the €zone crisis. They looked at me in stunned disbelief! It's amazing to think that creditors believe they are in no way responsible for the €zone crisis.

Germans struggle to understand that a large BoP surplus means their savings are used to acquire foreign rather than domestic assets and that those foreign assets may, at times, offer the wrong mix of risk & reward. Creditors and debtors [are] two sides of same coin.

The history of debt crises suggests that what begins as a crisis for the debtors eventually becomes a crisis for the creditors. When creditors realise debtors can't repay, the creditors will be worse off. How? Choose from restructuring, bailout, default, devaluation.

My comment to George Magnus, ex-chief economist of UBS
The fathers of the European monetary union thought that building a monetary union would later lead to it becoming an optimal currency area. And that building a monetary union would later lead to a political union after a series of crises.

But the monetary union did not turn into an optimal currency area, and the current crisis is so large that it has stopped movement toward a closer political union.

Monday, January 26

26th Jan - Syriza wins in Greece, debt talks ahead



26th Jan - Radiossa


I was on Radio Rapu, talking about the euro crisis and Finnish politics. Sorry, in Finnish.


Olin Radio Rapu-puheradiossa 7. tammikuuta 2015 Simon Elon vieraana puhumassa eurokriisistä ja Suomen europolitiikasta yleisemmin.
 





Credit Guest: "Stimulant Psychosis"


Here's the latest cross-post from Macronomics:

Sunday, January 25

25th Jan - W/E: Linkfest




25th Jan - W/E: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

Tuesday, January 20

20th Jan - All eyes on ECB



20th Jan - ECB Preview Special


This linkfest to previews on the European Central Bank's meeting on Jan-22 will be updated as new material comes along.

Sunday, January 18

18th Jan - W/E: Linkfest



18th Jan - W/E: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

Sunday, January 11

11th Jan - W/E: Linkfest



11th Jan - W/E: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

Sunday, January 4

4th Jan - W/E: Linkfest



4th Jan - W/E: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. The list is shorter than usual, as many sources have extended holidays. Expect things to pick up soon.