Frontrunning: December 13

Frontrunning: December 13

Tyler Durden's picture

  • Must read: The eurozone is in bad need of an undertaker (Ambrose Evans-Pritchard)
  • If China Blows Up, So Will Every Other Market (Forbes)
  • China Risks `Rush’ to Tighten in 2011 After Inflation Surges (Bloomberg)
  • China Said to Plan for at Least $1.1 Trillion of New Lending (Bloomberg)
  • Spotlight On Banks’ Exposure in Europe (WSJ)
  • Backers and critics see passage of Obama tax deal (Reuters)
  • Irish Sovereign Debt Default Would Be Far From Armageddon (Bloomberg)
  • Paul Myners Op-Ed: Break up Britain’s uncompetitive big banks (FT)
  • No New Normal for 2011 in Forecasts for 11% S&P 500 Gain (Bloomberg)
  • Obama signals brighter vision of tax reform (FT)
  • Japan Said to Consider Extension of Tax Break on Dividends, Capital Gains (Bloomberg)
  • Push for shake-up of EU rescue facility (FT)
  • Banks Reduce Greek, Irish Holdings in Second Quarter, BIS Says (Bloomberg)
  • EU Should Pull Financial Support If Targets Missed, OECD Says (Bloomberg)
  • ECB’s Stark Says Greece Is on Track but Needs Structural Reform (WSJ)
  • U.S. to hold pivotal trade talks with China and then EU (Reuters)
  • The Ponzi Scheme That Changed My Life (NYT)
  • Krugman now opposes raising $850 billion in debt for short-term stimulus (NYT)

Economic Highlights:

  • UK Rightmove House Prices for December -3.0% m/m 0.4% y/y. Previous -3.2% m/m 1.3% y/y.
  • Switzerland Producer & Import Prices for November -0.2% m/m 0.1% y/y – lower than expected. Consensus 0.1% m/m 0.3% y/y. Previous -0.4% m/m 0.3% y/y.
  • Sweden AMV Unemployment Rate for November 4.3% – lower than expected. Consensus 4.4%. Previous 4.5%.
  • UK PPI Input NSA for November 0.9% m/m 9.0% y/y – higher than expected. Consensus 0.5% m/m 8.3% y/y. Previous 2.1% m/m 8.0% y/y.

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