The big theme this week? Cyprus…
http://www.ft.com/intl/cms/s/0/ae1f144c-8fe5-11e2-ae9e-00144feabdc0.html
https://twitter.com/katie_martin_FX/status/313180068157472769
http://blogs.reuters.com/hugo-dixon/2013/03/18/cyprus-deposit-grab-sets-bad-precedent/
Thanks to Cyprus, expect all lines to start declining again from here on…
http://www.zerohedge.com/news/2013-03-21/new-scariest-european-chart
Interesting fact: the IMF’s Financial System Stability assessment on the EU from the IMF only mentions Cyprus only once: in this chart below
http://www.imf.org/external/pubs/ft/scr/2013/cr1375.pdf
Predicting the future is never easy. Applies to analysts as well as Fe members…
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/19/is-the-feds-crystal-ball-rose-colored/
…makes you wonder how the ECB and BoE have done in predicting this…?
http://conversableeconomist.blogspot.nl/2013/03/perspectives-on-sluggish-recovery.html
The next crisis to come: pension savings…
http://online.wsj.com/article/SB10001424127887323639604578368823406398606.html
Ah yes, the Middle-Income Trap. The IMF has taken a good look at it!
http://www.imf.org/external/pubs/ft/wp/2013/wp1371.pdf
And talking about studies: this BIS report on private sector borrowing is also worth the read
http://www.bis.org/publ/qtrpdf/r_qt1303.pdf
See the unstoppable rise in sovereign junk bonds, if we do not change the current policy…
Brilliant before and after picture: two popes, eight years in between
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