Frontrunning: December 13

Submitted by Tyler Durden on 12/13/2010 07:59 -0500

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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