The primarily sovereign credit crunch in Europe, which has resulted in part due to the ECB’s disastrous, and since reversed decision just like in 2008, to hike rates early in […]
The European Central Bank, which has been accused of not printing, has grown at the fastest non-pre apocalypse pace in history for a modern central bank (the only exception is the […]
Here Is The Math: Hopes have heightened that the 3yr LTRO might inspire a market rebound. As such, we shall now look at the LTRO in terms of the impact […]
The market’s reaction to Draghi’s comments over the last week have been visceral in its schizophrenia. While his ‘temporary’ provisions, three-year LTROs specifically, provide a life-line of liquidity (a la TLGP – […]
Like China (more on that in an upcoming post), Russia just dumped US bonds for the 12th straight month and instead both Russia and China are now focusing on making […]
Buying Jan Crude 95.40 to open
In continuing our exclusive analysis of the periodic variations in the by now all important shadow banking system, we next look at the change in third quarter (3 Months ended […]
Following the release of its November fund statistics, Pimco’s Total Return Fund has once again reaffirmed it is betting on imminent QE by the Fed in the form of MBS monetization, a […]
Saturday, December 10, 2011 Current Conditions: The EU Summit didn’t conclude with a statement or hard number backstop for the ‘zone’s sovereign debt rolling over next year. However, EU […]
Buying EC to cover short from 1.4040
Buying S&P To Cover Short From 1223
We are buying March DAX here at 5945 to open long
Buying Dec DAX here 5940 to close short from 6090
As expected, virtually everyone, or a total of 39 banks (compared to 2 the week prior), scrambled to receive dollars from the ECB following the cut in the USD swap line rate […]
Yesterday rolled Silver at the close. New cost 32.66
Either the market if going full retard or is beginning to discount the mother of all fiat printing.
EU OFFICIALS WEIGH RUNNING TWO RESCUE FUNDS TOGETHER, FT SAYS EU WEIGHS RUNNING TWO RESCUE FUNDS, MORE IMF SUPPORT: FT EU WEIGHS GIVING ESM ACCESS TO ECB FUNDING, FT SAYS […]
That 50 bps RRR cut a week ago which was supposed to telegraph to the market that the PBoC has commenced a monetary easing phase it appears quite a bit […]
Japan will reward investors who buy reconstruction bonds with half an ounce of gold, an added incentive that could boost the return by nearly six times according to Japanese Finance […]
Today the ECB lucked out, after 113 bidders submitted bids for €236 billion in bonds, at a rate of 0.65%, with the threshold €207 billion amount being covered comfortable at 1.19x. […]
The S&P 500 has roared 100 points higher in the last week signaling seeming risk appetite and optimism, other investors are so scared to hold money with banks that they […]
More importantly, the total amount of bonds now carried on the ECB’s books is €207 billion. This is important, because as readers will recall the ECB failed to sterilize an amount lower […]
Then Baffel them wit BS. The math on any proposed plan never worked! Now we get a real pipe dream!
How long would that take! What happens in the meantime?
Current Conditions: VIX = 37.52 +0.11 + 0.40% Gross Profit Margin For S&P 500 Companies Tumbles In Q3, Worst Sequential Drop Since Q1 2009 Topline numbers continue […]
Too Bad We Are Already Short From 1223!
The four most important data points and charts from today’s job report: the civilian labor force declined from 154,198 to 153,883, a 315K decline despite the civilian non-institutional population increased […]
Selling long Jan Crude established at $95 here at $101.15
Current Conditions: VIX = 27.41 -0.39 -0.04% Market Behavioral Analysis: More of the same. News driven. Expect NFP to print above expectation as all government numbers […]
Cash flight continued, indicating that absolutely nothing was fixed from the banks’ perspective, and the ECB deposit facility rising to a multi-year high €314 billion or €10 billion higher overnight, […]
Current Conditions: VIX = 27.80 -2.84 -9.27% Market Behavioral Analysis: The equity markets staged a massive celebration as the Fed and other CB’s paved the way for QE3. In […]