A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
Read More »
Posts Tagged ‘ Back Door ’
JP Morgan, Hedges and ‘Asymmetric Accounting’ – Wall Street Journal
JP Morgan, Hedges and 'Asymmetric Accounting'Wall Street JournalOpponents of portfolio hedging claim it is a back door for banks to engage in proprietary trades—although it remains unclear whether JP Morgan's loss-making positions were re...
Read More »
What today’s Massive ECB Liquidity Operation Really Means
Early today 523 banks requested an unprecedented €489 billion ($640 billion) in super-cheap funding from the European Central Bank.
But the massive lending operation has garnered only a tepid response from markets, with short-term government bond y...
Read More »
Did the ECB Pull Off a Back-Door Bailout that’ll End the Crisis?
Yields on short-term peripheral sovereign bonds are plunging, despite the fact that EU leaders appeared to make little progress at their highly-anticipated summit last week.
Pundits continue to expound on the flaws of the eurozone but markets are tel...
Read More »
Should You Worry About Europe’s Back Door Bank Run?
On Wednesday, Fitch Ratings Inc. downgraded its credit ratings on five of Europe's biggest banks, and while that decision made headlines, it's not the most important story to come out of Europe this week.
The real story, which the mainstream media is neglecting, is that there are...
Read More »
The Debt Walkers Strike Back
Ilargi: It's very simple, but maybe that's the problem. For all I know it's just too simple for people to see.
There's a group of people, and it's tempting to call them the 1%, but they’re not really, since there’s politicians in there too who ...
Read More »
Russ Winter’s Actionable- Replacing an Elephant with a Hyena
China’s holding of Treasuries goes parabolic. Part of this must be a back door deal to swap agencies for Treasuries with the Fed. Two elements of this are in question. One, China no longer has a large trade surplus to recycle, and secondly the Fed’s extreme purchases of mortgage securities is winding down. The...
Read More »
Ben’s Little Game – Professional Edition Fed Report
The Treasury settled $49.7 billion in newly issued debt last week. Surprise, surprise, that’s almost the exact amount of MBS securities the Fed settled to its balance sheet. It has to be a matter of some consternation to Bernanke and Co. that even though the Fed has been conducting these back door maneuvers to...
Read More »
Sneakin’ Out The Back, Doh! Professional Edition Fed Report
FCBs appeared to show up at the auctions this week, but they were apparently selling paper in the market even faster. This looks to me like an attempt to hoodwink the market by boosting the indirect bid, which all the media outlets are now following and reporting religiously, while quietly sneaking out the back...
Read More »
Papering Over Disaster, Temporarily – Professional Edition
We now have an inkling of how the Treasury will handle the paydown of $185 billion in Treasury CMBs. It will turn what would have been a horrendously bearish period into something less so, but the respite will be temporary. At the very least, it should give the smart money the opportunity to tiptoe...
Read More »
Radio Free Wall Street
Most Recent Economic Charts
Wall Street Examiner Exclusives
-
Rumors and Denials of Rumors
-
Winter Covers Shorts; Maladjusted US Economy Seems Good Because of European Capital Influx- Free Podcast
-
Three Critical Industries Now in Serious Capital Destruction Mode
-
The Deeper Meaning of the Facebook Flop
-
Weakening Federal Withholding Tax Collections Do Note Bode Well For Employment
Wall Street Examiner Contributors
Lee Adler
Newswires
Aaron Krowne
AG's Nightmare
Belisarius
Bruce Krasting
Charles Hugh Smith
Consumer Metrics Institute, Inc.
David Zeiler
Diane Alter
Dr. Kent Moors
Dude
Economic Perspectives from Kansas City
Frederick J. Sheehan
Frederick Sheehan
Jaime Levine
Keith Fitz-Gerald
Mark McHugh
Martin Hutchinson
NY Fed | Permanent Open Market Operations
Pretzel Logic
Russ Winter
Shah Gilani
Steve Northwood
The Implode-o-Meter Blog
Treasury Auction Results
Treasury Offering Announcements
William Patalon III
RSS Feed
Copyright © 2012 The Wall Street Examiner. All Rights Reserved.
Magazine Premium created by Themes by bavotasan.com.
Magazine Premium created by Themes by bavotasan.com.
The John Brown Moment
When Gaia gets pissed off enough at the antics of humanity, she sends in her hit-man, Reality, to settle accounts. Reality is blessed with a cloak of invisibility. The human race is so busy concocting stories about what it is doing, that Reality steals onto the scene unnoticed - until bodies start...
Read More »