Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
Read More »
Radio Free Wall Street
Posts Tagged ‘ Sovereign Debt ’
Expanding the LTRO Looting Program
When you hear talk about expanding the European LTRO funding, is is important to go straight to the mechanics of the exercise, and then ask what does the new round of exposure mean to the ECB. The LTRO is a repo transaction where the ECB takes in collateral in order to back any loans. The ECB...
Read More »
What’s Priced Into the Market Uptrend?
Is the operative phrase here "priced to perfection"?
With everything from stocks and bonds to 'roo bellies rising as one trade, it may be a good time to ask: what's priced into the market's uptrend? We say "bad news is priced in" when negativ...
Read More »
Pushing Non-Official Holders of Local-Issued European Debt into Subordination
I spotted some interesting commentary on the maturing March 2012 Greek bonds. After buying at 40-45 cents, it seems the hedge funds are trying to unload in a bidless 35-cent market. The ECB has the largest stake, bought at 70 cents. This official holder’s dominance of this market, and refusal so far to participate in haircuts, is making the...
Read More »
Not Too Bearish, Not Too Bullish, But Certainly Not Just Right
The mad panic into Treasuries suddenly stopped this week. 1.80 on the 10 year yield looks like a floor. The question now is whether there’s enough follow through selling to break the major downtrend line which is now around 2.03. Wouldn’t it be ironic if this week’s massive ECB Long Term Refinancing Operation was...
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 »
Europe’s debt deal is falling flat
Europe's Debt Crisis
Europe's debt deal is falling flat
By Aaron Smith@CNNMoneyMarketsDecember 15, 2011: 7:52 AM ET
Germany's Angela Merkel is trying to instill Teutonic-style fiscal responsiblity throughout Europe, but bonds, stocks and the euro ar...
Read More »
Analysis: Europe’s austerity zeal risks killing the patient
Analysis: Europe's austerity zeal risks killing the patient
Reuters – 3 hours ago.. .
By Carmel Crimmins and Gavin Jones
DUBLIN/ROME (Reuters) - Europe's "no pain no gain" attitude to solving its sovereign crisis risks exacerbating the bloc's proble...
Read More »
It’s Time to Brace for a Repeat of 2008
If you think the global economy is out of the woods now that the European Union (EU) has expanded its effort to solve the sovereign debt crisis, then I'm afraid you're sorely mistaken.
No doubt, the European crisis is far from being solved - but that's hardly...
Read More »
U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan
Bloomberg
U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan
December 11, 2011, 7:26 PM EST
By Daniel Kruger and Liz Capo McCormick
Dec. 12 (Bloomberg) -- The strengthening U.S. economy is proving no deterrent to the biggest rally in ...
Read More »
Markets prepare for turmoil over fears of new European credit crunch
Markets prepare for turmoil over fears of new European credit crunch
Doubts over legal basis of EU 'fiscal compact' and warning of fresh slump leave markets unsettled
David Gow
guardian.co.uk, Sunday 11 December 2011 15.29 EST
A warning that Europe ...
Read More »
TGI Fixed Again – The Rube Goldberg Solution
TGI Fixed Again - The Rube Goldberg Solution Courtesy of Phil of Phil's Stock World Europe is FIXED (again)! While we are, of course, thrilled (again) - the final solution that Germany has come up with this time for some reason reminds me of a Rube Goldberg machine - with...
Read More »
You Can Rest Assured That The Insurance Industry Is In For Guaranteed Losses!
This is not a new post, but nobody has brought up the "I" in FIRE yet, and Mr. Middleton has been ahead of the curve on the banks & sovereign debt, so . . .
You Can Rest Assured That The Insurance Industry Is In For Guaranteed Losses!
The insurance...
Read More »
The Dearth of Safe Banking Collateral
A chart that few are looking at, explains the concept of the dearth or shrinkage of so called safe collateral in the Euro and USD. The reason is that the Fed and other central banks hold much of it, or it is now encumbered via direct bilateral funding agreements or by sitting at the central bank drawing...
Read More »
The day of sovereign defaults
Any bears with solutions?
_____
What happens on the day sovereign defaults are declared? -- and how does a small firm that relies on TTs from Europe/USA survive the turbulence?
Scenario: A small $50 million dollar company with business in SE Asia...
Read More »
Europe Fears a Credit Squeeze as Investors Sell Bond Holdings
November 18, 2011
Europe Fears a Credit Squeeze as Investors Sell Bond Holdings
By NELSON D. SCHWARTZ and ERIC DASH
Nervous investors around the globe are accelerating their exit from the debt of European governments and banks, increasing the r...
Read More »
The “Sovereign Debt Standard”
Sovereign debt is thought to be safe because, as we all know, nations always pay their debts. While individual nations go bankrupt from time to time, we maintain our faith in sovereign debt because the majority of nations don’t. But what happens if several nations go bankrupt in a very short span of...
Read More »
Wall Street Still Thinks Germany Is Bluffing
Tech|11/15/2011 @ 8:00AM
Wall Street Still Thinks Germany Is Bluffing
The current bond market havoc in Mediterranean countries is only compatible with S&P at 1,250 if you believe that the European debt market is simply wrong about Italy and Spain. Ei...
Read More »
Chance of 2012 U.S. recession tops 50 percent: Fed paper
Chance of 2012 U.S. recession tops 50 percent: Fed paper
Reuters – 45 minutes ago.. .
(Reuters) - The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research ...
Read More »
The Eurocalypse Rant: The Consequences of Foolish Monetary Policy
The Eurocalypse Rant: The Consequences of Foolish Monetary Policy
. . .
So its only too natural that the answer to Is The Entire Global Banking Industry Carrying Naked, Unhedged "Risk Free" Sovereign Debt Yielding XXX%?
My quick answer is NAT...
Read More »
Italian Debt Threatens Europe’s Savers
NOVEMBER 11, 2011, 6:41 A.M. ET
Italian Debt Threatens Europe's Savers .
By HESTER PLUMRIDGE
Italy could deal insurers a lethal blow. Europe's insurers own an estimated €300 billion (about $408 billion) of Italian sovereign debt—equivalent to a l...
Read More »
European banks face tens and possibly hundreds of billions of dollars in losses
November 10, 2011
Europe’s Banks Turned to Safe Bonds and Found Illusion
By LIZ ALDERMAN and SUSANNE CRAIG
PARIS — As the bets that European banks made on United States mortgage investments went bust a few years ago, bankers piled into what...
Read More »
Too-Big-To-Save: Italy Totters on Debt Crisis Cliff
With its 10-year bond yields nearing 7%, Italy's debt is becoming a burden it will no longer be able to handle as it follows the same path as Portugal, Ireland and Greece.
However, Italy's economy - seven times larger than Greece's, nine times larger than Portugal's and 10...
Read More »
Stalling German Economy Will Throw Gasoline on Eurozone Debt Fire
Germany's economy is slowing dramatically, an unwelcome turn of events that will put even more strain on existing fractures in the European Union (EU) as it struggles to cope with its ongoing sovereign debt crisis.
Last month a consortium of eight leading economic institutes slashed their forecast for...
Read More »
Wall St spirals lower after Greek referendum call
..Wall St spirals lower after Greek referendum call
By Rodrigo Campos | Reuters – 1 hr 17 mins ago
NEW YORK (Reuters) - Stocks tumbled about 2 percent on Tuesday after the deal to rescue Greece and prevent a wider sovereign debt crisis was thrown in...
Read More »
Europe Might Have Blown Last Chance to End Its Crisis: View
Europe Might Have Blown Last Chance to End Its Crisis: View
By the Editors Oct 30, 2011 7:00 PM ET 26
After an initial bounce, markets demonstrated a lack of confidence in Europe’s resolve to protect solvent governments from the financial malaise a...
Read More »
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.
What Gives
The awesome exertions of the global banking system to evade the mandates of reality finally yield in a sickening slippage to epochal unwind. What a bad idea: to try to juke nature itself. In case you weren't paying attention over the weekend - and who really wants to? - the cosmic Brinks...
Read More »