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Monthly Archives: December 2011

Back-Door Bazooka Or Suspension Of Democracy

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 – […]

$357 Billion Plunge In Q3 Shadow Banking

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 […]

News Letter 12-10-11

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 […]

European Banks Dash For Fed Cash

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 […]

Newest Rumor

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 […]

The Shanghai Composite

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 […]

ECB Bought E$ 3.7 Billion Last Week

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 […]

News Letter: 12-4-11

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 […]

Today:

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 […]

European Funding Situation Worst Since March

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, […]

Today:

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 […]