Monday, December 19, 2011
Wednesday, December 7, 2011
Sunday, December 4, 2011
Friday, December 2, 2011
Wednesday, November 16, 2011
Tuesday, November 15, 2011
Friday, November 11, 2011
Why Italy’s days in the eurozone may be numbered | The A-List | Must-read views on today’s top news stories – FT.com – FT.com
Why Italy’s days in the eurozone may be numbered | The A-List | Must-read views on today’s top news stories – FT.com – FT.com
Attempts have been made to use financial engineering to turn this small sum into €2,000bn. But the leveraged EFSF is a turkey that will not fly, because the original EFSF was already a giant collateralised debt obligation, where a bunch of dodgy, sub-triple-A sovereigns try to achieve, by miracle, a triple-A rating via bilateral guarantees. So a leveraged EFSF is a giant CDO squared that will not work and will not reduce spreads to sustainable levels. The other “turkey” concocted by the EFSF was supposed to be a special purpose vehicle where reserves of central banks become the equity tranche that allows sovereign wealth funds and the Bric countries to inject resources in a triple-A super senior tranche. Does this sound like a giant sub-prime CDO scam? Yes, it does.
Attempts have been made to use financial engineering to turn this small sum into €2,000bn. But the leveraged EFSF is a turkey that will not fly, because the original EFSF was already a giant collateralised debt obligation, where a bunch of dodgy, sub-triple-A sovereigns try to achieve, by miracle, a triple-A rating via bilateral guarantees. So a leveraged EFSF is a giant CDO squared that will not work and will not reduce spreads to sustainable levels. The other “turkey” concocted by the EFSF was supposed to be a special purpose vehicle where reserves of central banks become the equity tranche that allows sovereign wealth funds and the Bric countries to inject resources in a triple-A super senior tranche. Does this sound like a giant sub-prime CDO scam? Yes, it does.
Wednesday, November 9, 2011
Monday, November 7, 2011
Thursday, November 3, 2011
Wednesday, November 2, 2011
Monday, October 24, 2011
Saturday, October 22, 2011
Friday, October 21, 2011
Tuesday, October 18, 2011
Monday, October 17, 2011
Saturday, October 15, 2011
Tuesday, October 4, 2011
Monday, October 3, 2011
Thursday, September 29, 2011
Wednesday, September 28, 2011
Monday, September 26, 2011
Sunday, September 25, 2011
Monday, September 19, 2011
Friday, September 16, 2011
Thursday, September 8, 2011
Tuesday, September 6, 2011
Monday, August 29, 2011
Tuesday, August 23, 2011
Why the Bundesbank opposed bond purchases | Money Supply | News, data and opinions on market-moving economics from the Financial Times – FT.com
Why the Bundesbank opposed bond purchases | Money Supply | News, data and opinions on market-moving economics from the Financial Times – FT.com
Bundesbank: interest payments as a share of gross domestic product had fallen significantly for both Spain and Italy since Europe’s monetary union was launched at the beginning of the 1990s.
Bundesbank: interest payments as a share of gross domestic product had fallen significantly for both Spain and Italy since Europe’s monetary union was launched at the beginning of the 1990s.
http://www.globalpost.com/dispatch/news/regions/africa/110823/finding-gaddafis-billions
http://www.globalpost.com/dispatch/news/regions/africa/110823/finding-gaddafis-billions
Daniel Serwer, a senior fellow at the Johns Hopkins University School of Advanced International Studies and a scholar at the Middle East Institute, said Libya's new Transitional National Council could have a "very difficult" time regaining state assets.
"I can guarantee you right now someone is trying to privatize whatever assets are sitting in Libya's central bank, privatizing land, offices, and stealing computers. This is what goes on," Serwer said during a conference call Monday afternoon, hosted by the Council on Foreign Relations.
Daniel Serwer, a senior fellow at the Johns Hopkins University School of Advanced International Studies and a scholar at the Middle East Institute, said Libya's new Transitional National Council could have a "very difficult" time regaining state assets.
"I can guarantee you right now someone is trying to privatize whatever assets are sitting in Libya's central bank, privatizing land, offices, and stealing computers. This is what goes on," Serwer said during a conference call Monday afternoon, hosted by the Council on Foreign Relations.
Friday, August 12, 2011
Thursday, August 11, 2011
Wednesday, August 10, 2011
Tuesday, August 9, 2011
FT Alphaville » The distressed euro, via French (and German) CDS
FT Alphaville » The distressed euro, via French (and German) CDS
http://av.r.ftdata.co.uk/files/2011/08/Markit-DE-FR-with-SovX-bps.png
http://av.r.ftdata.co.uk/files/2011/08/Markit-DE-FR-with-SovX-bps.png
Monday, August 8, 2011
Wednesday, August 3, 2011
Sunday, July 24, 2011
Monday, July 18, 2011
Monday, July 4, 2011
Wednesday, June 29, 2011
Tuesday, June 28, 2011
Monday, June 27, 2011
Sunday, June 26, 2011
Wednesday, June 22, 2011
Tuesday, June 21, 2011
Thursday, June 16, 2011
Thursday, June 9, 2011
Thursday, March 10, 2011
Thursday, February 3, 2011
Saturday, January 29, 2011
Monday, January 24, 2011
FT: low volatiliy in energy options prompts shift to soft commodities
Energy traders usually follow gas storage data and Opec statements... low volatility due to ample supply
Sunday, January 23, 2011
Wednesday, January 12, 2011
Tuesday, January 11, 2011
FT: Basel III credit bubble regulation
...The agreement, struck last month, says that if a country decides its economy is overheated – based on the ratio of credit to gross domestic product – it can require banks within its borders to hold extra capital against potential losses.
Regulators in every other country would have to follow suit and impose a proportional surcharge on their own banks, based on the size of those institutions’ exposure to the bubble country.
Regulators in every other country would have to follow suit and impose a proportional surcharge on their own banks, based on the size of those institutions’ exposure to the bubble country.
