Boeing

• European Bonds Surge on Slowing German Inflation, Ukraine Tumult  (BBG)
• Ukraine tensions hit shares (Reuters)
• Debating Geithner’s Appearances in 2008 Transcripts  (Hilsenrath)
• Tensions in Asia Stoke Rising Nationalism in Japan (WSJ)
• GM Investigated Over Ignition Recall Linked to 13 Deaths (BBG)
• Smartphone wars shift from gadgetry to price (Reuters)
• Some Companies Alter the Bonus Playbook (WSJ)
• London’s Subterranean Luxury Manors Lure New Breed of Lenders (BBG)
• Japan No Country for Old Farmers as 7-Eleven Takes Plow (BBG)
• Dream of U.S. Oil Independence Slams Against Shale Costs (BBG)

• Ukraine Seeks $35 Billion as Yanukovych Warrant Is Issued (BBG)
• Ukraine's fugitive president wanted for mass murder (Reuters)
• Polar Vortex to Bring More Snow on Return to U.S. This Week (BBG)
• China property prices continue to rise (FT)
• Microsoft Said to Cut Windows Price 70% to Counter Rivals (BBG)
• Pentagon to propose shrinking Army, scrapping some jets (Reuters)
• Hedge Funds Turn Bearish on S&P 500 as VIX Advances (BBG)
• Draghi’s Data Jigsaw Takes Shape as ECB Readies Showdown (BBG)
• China, eyeing Japan, seeks WW2 focus for Xi during Germany visit (Reuters)

To summarize: in an act of complete disregard for the official diplomatic song and dance, both Israel and the US are now providing military support to Iran, which in turn is providing military support to Syria, which is also getting military support from Russia. And now, just to make things more interesting, the same labyrinth of "military support" is about to be unleashed in the Ukraine, whose western half is just as likely getting arms and military equipment (not to mention funding)from the West under the table, while Russia, whose main Black Sea port is in the Ukraine's Crimean peninsula, is arming the Eastern part of the Ukraine.

What can possibly go wrong?

A dispassionate and analytic of the macro developments for the week ahead. 

For a plan that culminated with a hijacked plane landing in Geneva, Switzerland, it was anything but a "Swiss watch" execution.

• Euro-Area Growth Eases Pressure on Draghi for Stimulus (BBG)
• Germany Beats Growth Estimates With France Amid Recovery (BBG)
• Argentina revises ‘bogus’ inflation figures (FT)
• Wells Fargo edges back into subprime as U.S. mortgage market thaws (Reuters)
• China Banks’ Bad Loans Reach Highest Since Financial Crisis (BBG)
• Time Warner Cable Deal to Test Comcast CEO's Washington Clout (WSJ)
• Risky Loans in Europe Banks’ Dark Corners to Be Exposed  (BBG) - yeah, right... sure
• Gold Extends Climb Above $1,300 as Investors Boost SPDR Holdings (BBG)
• SEC Takes Steps to Stem Courtroom Defeats (WSJ)

• Anti-Euro Party’s Le Pen Gains Supporters, French Poll Shows (BBG)
• Carney Renews BOE Low-Rate Pledge to Fight Slack in Economy (BBG)
• Bank of England hints at 2015 rate rise (Reuters)
• ECB bond-buying intact and ready after court decision-Coeure (Reuters)
• Canada scraps millionaire visa scheme, dumps 46,000 Chinese applications (SCMP)
• Scrap this then? Vancouver facing an influx of 45,000 more rich Chinese (SCMP)
• China's January Exports Power Higher, Up 10.6% (WSJ) ... and nobody believes the number
• Emerging-Market Shakeout Putting Reserves Into Focus (BBG)
• Wall Street's most eligible banker Fleming waits for suitor (Reuters)
• Kazakh Devaluation Shows Currency War Stirring as Ruble Dips (BBG)

• Frustrated by Karzai, U.S. Shifts Afghanistan Exit Plans (WSJ)
• Yellen Testimony Guide From Payrolls Report to Emerging Markets (BBG)
• Gold hits three-month high, shares up ahead of Yellen (Reuters)
• Tightfisted New Owners Put Heinz on Diet (WSJ)
• Senator describes "gruesome" bin Laden photos (Reuters)
• More reasons for the ongoing economic contraction: U.S. Winter Storm Seen Spreading Snow, Sleet Across South (BBG)
• Barclays Cuts Up to 12,000 Jobs as Quarterly Profit Falls  (BBG)
• Boeing Considering 787-Size Medium-Range Jetliners (WSJ)
• AOL Chief Apologizes for ‘Distressed Babies’ Comment (BBG)

• Yellen's first test (Reuters)
• Let weak banks die, says eurozone super-regulator (FT)
• Yellen, Carney Face Explaining Policy as Benchmarks Near (BBG)
• Commerzbank Said Seeking Debt Buyers in $6.8 Billion Spain Exit (BBG)
• Junk Yield Premiums Soar on China’s Looming First Default (BBG)
• Millions Trapped in Health-Law Coverage Gap (WSJ)
• Mandel Tops Best-Earning Hedge Funds for Clients in 2013 (BBG)
• Swiss Brace for Sour EU Relations After Immigration Vote (BBG)
• Detroit Bankruptcy Talks to Resume (WSJ)

Turkey scrambled an F-16 fighter jet following a bomb-threat aboard a Ukraine-outbound plane. A passenger, among 110 on the plane, made a bomb threat and demanded the plane be diverted to Sochi. The plane eventually landed in Istanbul - after crew calmed down the man who had reportedly been drinking. This threat follows the US' warning of "toothpaste" bombs.

• Here is why AAPL bounced off $500: Apple Repurchases $14 Billion of Own Shares in Two Weeks (WSJ)
• German Court Refers OMT Decision to Europe's Top Court (WSJ)
• Inflation Fuels Crises in Two Latin Nations (WSJ)
• U.S. job growth seen snapping back from winter chill (Reuters)
• Google to own $750 million Lenovo stake after Motorola deal closes: HK exchange (Reuters)
• Frigid Winter Spells Trouble for U.S. Economy (BBG)
• Winter Games to open, Putin keen to prove doubters wrong (Reuters)
• Regulators Ready to Proceed on Bank Leverage Limit (WSJ)
• Abe Eyes Window for Biggest Military-Rule Change Since WWII (BBG)

• Draghi as ECB Master of Suspense Keeps Investors on Edge (BBG)
• Abe lays out detailed plan for expanding defense powers (Nikkei)
• Inflation Fuels Crises in Two Latin Nations (WSJ)
• Obama walks into crossfire of Asian tensions (FT)
• Harvard Makes Professor Disclose More After Blinkx Slides (BBG)
• Hedge Funds Rework Currency Positions in Market Drop (BBG)
• Canada, U.S. Strike Tax-Information Sharing Deal (WSJ)
• Indonesia calls for greater clarity from Fed on tapering (FT)
• Sony to cut 5,000 jobs, split off PC, TV operations (Reuters)

The Fed tightens by a little (sorry, tapering - flow - is and always will be tightening): markets soar; Turkey tightens by a lot: markets soar. If only it was that easy everyone would tighten. Only it never is. Which is why as we just reported, the initial euphoria in Turkey is long gone and the Turkish Lira is basically at pre-announcement levels, only now the government has a furious, and loan-challenged population to deal with, not to mention an economy which has just ground to a halt. Anyway, good luck - other EMs already faded, including the ZAR which many are speculating could be the next Turkey, and certainly the USDJPY which sent futures soaring last night, only to fade all gains as well and bring equities down with it.

And just like that, slowly but surely, the entire US foreign strategy vis-a-vis Iraq and its weapons of mass diversion destruction, is becoming all too clear. "The Defense Security Cooperation Agency notified Congress today of a possible Foreign Military Sale to Iraq for AH-64E APACHE LONGBOW Attack Helicopters  and associated equipment, parts, training and logistical support for an estimated cost of $4.8 billion."

• Emerging market sell-off raises specter of contagion (Reuters)
• China Bank Regulator Said to Issue Alert on Coal Mine Loans (BBG)
• Argentina to Ease FX Controls After Peso Devaluation (BBG)
• Pimco's Gross problem: who can succeed the 'Bond King'? (Reuters)
• Ukraine protesters seize building, put up more barricades (Reuters)
• Mideast Turmoil Dominates Gathering of Business Elite (WSJ)
• Central Banks Withdraw Dollar Funding (WSJ) - oh really?
• Samsung warns of weak earnings growth this quarter (FT)
• Three explosions rock Cairo, killing 5 (USA Today)