Good morning. So what short rates are called for in the Eurozone? Just buying 2 year Spanish bonds doesn’t cut the cake, by the looks of this chart

 

 

(bron: http://soberlook.com/2012/09/financial-fragmentation-across-eurozone.html)

 

And this sort of says the same thing, but in a different way

·         http://www.economist.com/blogs/freeexchange/2012/09/ecbs-new-bond-purchase-programme

 

Ouch…

·         http://www.businessinsider.com/germanys-press-goes-beserk-with-headlines-after-draghi-2012-9

 

…so now the big question is: will they, or won’t they?

·         http://www.reuters.com/article/2012/09/06/us-eurozone-rescue-idUSBRE8850ZK20120906

·         http://www.zerohedge.com/news/goldmans-definitive-post-mortem-europe-third-bond-buying-attempt

 

Very interesting read (no pictures) with the title How do we measure debt. I am not even sure you get the answer by reading this, but he makes some interesting points

·         http://www.mpettis.com/2012/08/27/how-do-we-measure-debt/

 

Although the 1325 days has a high data-mining feel to it (why not 350, or 300?), it is an interesting chart nevertheless

  

·         http://www.bespokeinvest.com/thinkbig/2012/9/6/one-chart-republicans-do-not-want-you-to-see.ht
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Often a very nice source of interesting charts: the Economist. China mostly invests in the service industry

·         http://www.economist.com/blogs/graphicdetail/2012/09/focus

 

I am not sure whether I have tipped this one before, but better to be safe than sorry: a nice overview of hyperinflation.

·         http://www.cato.org/pubs/researchnotes/WorkingPaper-8.pdf

 

A lengthy article in the Economist on the Dutch elections. Probably paywall…

·         http://www.economist.com/node/21562200

 

For all you currency traders out there: Buy the Egyptian pond. Says Goldman, not me.

·         http://www.businessinsider.com/goldman-buy-egyptian-pounds-2012-9

 

OECD slashed short-term Eurozone forecast. Not too surprising, I would say… The impact is felt elsewhere as well

·         http://www.oecd.org/newsroom/economyeuropeanrecessionslowingglobaleconomysaysoecd.htm

·         http://www.ft.com/intl/cms/s/0/377094d0-f808-11e1-828f-00144feabdc0.html#axzz25hQV5Ilc

 

And we finish with the Gold Bull of the Day” a technical analyst expecting to see gold trade @ $2500 within 6 months…

·         http://www.businessinsider.com/citi-2500-gold-six-months-2012-9

 

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