Frontrunning: December 9

Submitted by Tyler Durden on 12/09/2010 08:16 -0500

Senate Leaders Set to Begin Debate on Tax Cuts (WaPo)
Democrats Are Seeking Changes to Tax Deal, Reid Says (Bloomberg)
Merkel Seeks Calm After Juncker E-bond Blast (FT)
The rise of behavioural thinking in economics and finance (fund strategy)
Hilsenrath speaks: Fed Unlikely to Alter Monetary Policy (WSJ)
How west can reverse a decade of decline (FT)
Steve Forbes: Why Ben Is Addicted To Failure (Forbes)
Jon Weil: Operation Broken Trust may be a fitting name. Unfortunately it’s for all the wrong reasons. The public already knows not to trust the government (Bloomberg)
Are We Subsidizing Unemployment? (IBD)
Coalition Row Pushes Back Likely Election Date to March (Irish Times)
Trichet Says Excess Forex Volatility, Disorderly Moves Adverse (Bloomberg)
North Korea Claims Waters Around Shelled Island (WSJ)
China is 'doing right thing' to curb inflation: Jim Rogers (China Daily)
Peter Ehrlich on a journalist conspiracy theory to bring down the eurozone (FT Deutschland, h/t Miles)
King May Oversee `Uneasy Truce' as BOE Stays Split on Growth (Bloomberg)
India's Inflation Holds Above `Tolerance Level,' Subbarao Says (Bloomberg)

Economic data highlights:

France Non-Farm Payrolls for 3Q 0.1% - lower than expected. Consensus 0.3%. Previous 0.3%.
Germany CPI for Nov 0.1% m/m 1.5% y/y - in line with expectations.Consensus 0.1% m/m 1.5% y/y. Previous 0.1% m/m 1.5% y/y.
UK Halifax House Prices -0.1% m/m higher than expected -0.7% y/y - in line with expectations.Consensus -0.3% m/m -0.7% y/y. Previous 1.8% m/m 1.2% y/y.
BOE announces Rates 0.5% - in line with expectations. Consensus 0.5%. Previous 0.5%.

MasterFeeds