at 2pm new york timethe settlement auction for 400 billion of credit default swaps connected to bonds issued by lehman bros nyseleh is due. this opaque derivatives market is a mystery to most investors. dave gonigam says the revelation of major losses is the last thing the market needs right now.
this from the daily reckoning
i dont particularly buy into the talk gurgling across the internets tha... [Show More]
ancora non ci siamo Post Source: feedproxy.google.com Posted: Oct 09 2008 11:01:27
la liquidita continua a restare imbottigliata nella scadenza overnight mentre per le scadenze pia lunghe tipicamente la trimestrale il taglio concertato delle banche centrali semplicemente non a avvenuto. come abbiamo pia volte segnalato a tempo di pensare a forme di assicurazione pubblica sullinterbancario per indurre le banche a prestare e scongelare la liquidita. altrimenti i problemi per lecon... [Show More]
mo money mo problems Post Source: www.weissgarnix.de Posted: Oct 08 2008 14:32:21
der ftalphavilleblog offensichtlich auch ein hort von nichtmundt otzukriege nden einlagensi cherheitsl eugnern prasentiert uns diesenaerb aulichenac hart der citibankader auch den herren ziesemer und scheffler den kalten schauer aber den racken jagen sollte namlich das bilanzvermagen diverser groabanken in des bip ihres jeweiligen heimatland es.
v ermagen von groabanken in des bip quell... [Show More]
a followup to the iceland note from yesterday this morning the isk reached a nadir of 350 isk to the eur and i was placing phone calls to travel agencies trying to book the cheapest holiday of my life.
then suddenly a 4 billion eur loan from russia which might or might not exist and the imposition of a currency peg and isk traded as high as 140 to the eur. think about that for a sec the value of... [Show More]
the credit crisis has clearly moved on to europe as events there are showing the kind of crisis we have been seeing here.the uk treasury has broached the possibility that it would buy equity in major british banks. iceland is on the verge of national bankruptcy has nationalised its 2nd largest bank has taken a huge loan from russia and has demanded icelandic firms repatriate assets from abroad. ... [Show More]
i save you safeintern etspaarban ki icesave en ijsland zijn niet failliet. nederlandse klanten van de icesave kunnen dus gewoon bij hun geld aldus een woordvoerder. gisteren nam de ijslandse overheid volledige controle over de nationale bankensect or.icesave is bij veel nederlanders bekend door de banners op 925 en door de hoge rente van 525. om die hoge rente moest de rabobank erg huilen want ... [Show More]
another one gone Post Source: quonga.wordpress.com Posted: Oct 07 2008 08:34:12
landsbanki in receivership and they are supposed to be the strongest of the icelandic banks.
and the government is planning to repatriate pension fund assets invested abroad. is it just me or is that the most bizarre proposal the currency is in freefall the domestic economy is in freefall id much rather have my pension assets invested outside of the country so that my purchasing power is not comp... [Show More]
worldwide tidbits. Post Source: www.taoyuan-nights.com Posted: Oct 06 2008 13:08:13
mccain. palin. obama. biden.
of course talk of whether mccain or obama have greater support for taiwan seems somewhat surreal to my mind given another 4 more years of the present republican party america may not even exist anyway
elsewhere korea finds out the longterm costs of fueling an economy with high levels of debt.
the won which is already the worlds worstperforming major currency thi... [Show More]
bad experiences are supposed to be good in a twisted sort of way. thats because were supposed to learn things that help us avoid the same mistakes the next time around. but its hard to argue now that anything good came out of the bad experience called enron. in fact one thing that is crystal clear amid all the chaos of these days is that the lessons from enron went unlearned or were just forgotte... [Show More]
...oods because they have no currency. the shops are half empty. one of the store managers has advised people to start hoarding. were running out of oil. and winter came last night about a month early. ftalphavil le.ft.com
zoals de ijslandse investeringen in nederlandse bedrijven al aangeven zou de ijslandse crisis ook effect kunnen hebben op de europese unie. de ijslanders zelf kijken inmiddel... [Show More]
it sure seems like california is insolvent. just today we heard that arnold schwarzenegger contacted hank paulson to let him know that the state is having liquidity problems see pdf and needs help. california ranks as the worlds 9th largest economy with a population of over 30 million people so this is quite worrying.the state had an economy that was going gangbusters during the boom. that cert... [Show More]
the money meltdown Post Source: andreainspired.tumblr.com Posted: Oct 03 2008 18:34:00
the money meltdown a highly informative yet succinct onepage site that provides the best places to go online for explanations of our current financial crisis. for example the following explanation of the us bailout
if you owe the bank 10 its your problem.if you owe the bank 10m its the banks problem. if you and a million others owe the bank 10 each its still your problem but its also the banks... [Show More]
giochi di societa Post Source: feeds.feedburner.com Posted: Oct 03 2008 07:45:40
gli anglosassoni lo chiamano fingerpointing gli italiani scaricabarile. e lessenza un po stucchevole della dialettica politica soprattutto in prossimita di consultazioni elettorali. in questo periodo di convulsioni dei mercati finanziari e di stretta creditizia sulleconomia reale lultimo fingerpointing a quello secondo il quale le responsabilita del meltdown dei mercati finanziari non sarebbero im... [Show More]
with the economic patriot act past the senate including hundreds of billions in pork barrel sweeteners its time to focus in a little on politics. ill lead off the roundup there trying to keep it fair despite my obvious antimccainpalin bias.then well turn to the usual fare of credit crisis news and financial services reports. the notable report there comes from ubs which surprised analysts with... [Show More]
il senato statunitense approva il piano paulson inzeppandolo di mille rivoli di deficit aggiuntivo manco fosse un decreto milleproroghe qualunque ma le banche non si fanno commuovere e continuano a tenersi ben stretta la liquidita. nel frattempo nella categoria unintended consequences i fondi hedge specializzati in convertible arbitrage stanno pagando a carissimo prezzo il blocco delle vendite all... [Show More]
felix salmon submits overnight libor came down today to extremely high from utterly ridiculous. but threemonth libor went up its now 4.15 which means that teds at 334bp or as its referred to these days frozen. no interbank lending is actually going on at these or any levels. more worryingly euro libor is higher still on both fronts and thats after irelands decision to guarantee just about any c... [Show More]
your chart of the day comes from econompic data whose editor notices that stock in taser and canned soup was outperforming the sp index.i personally cant think of any pure bomb shelter plays although the housing index is up over the past three months but over the past three months campbell soup co which also happened to be the only stock in the sp 500 that was up yesterday and taser international ... [Show More]
it was a nice day for stocks but not so good for bonds. citizens are outraged as the credit markets brace for the european chapter of what bob pisani calls the great credit meltdown.
its also interesting to note that bloggers and tv commentators are calmly putting money to work citing that the vix has only been this high before a few times. well lets not forget that during the crash of 1987 th... [Show More]
bail her out Post Source: feeds.feedburner.com Posted: Sep 30 2008 12:40:09
katie couric some top republicans and democrats may not support this bill if senator john mccain doesnt because it may be unpopular and theyre not willing to take the political risk. if it doesnt pass what is the alternative
gov. palin th..the alt.. as i say inaction is not an option we have got to shore up our economy. this is crisis moment for america. really the rest of the world also. looking ... [Show More]
the glitnir nationalisation is having a rapid and adverse impact across the nation. the currency is off over 4.
stodir formerly fl group has gone into administration. according to the article stodir controlled baugur. the icelandic banks and investors are extremely interconnected and i wonder how much exposure kaupthing has toa baugur or stodir. i will do some digging and report back if anyone ha... [Show More]
glitnir de twee na grootste bank op ijsland is zojuist gekocht door de ijslandse overheid. 75 van de bank 600 mio is opgekocht door de overheid. de ijslandse kroon maakt op dit moment een vrije val.ook ijsland verandert dus in een communistische heilstaat. de overheidsr eddingsboe i wordt gegooid naar klanten medewerkers en fondsbezitters. in het persbericht meldt de bank dat de financile buffers... [Show More]
via yahoo business
from paul davies
one broker quoted mcdonalds cds at about 26.5 basis points compared with 30bp for the us on friday morning.
yes the cost of protecting us treasury bonds against default has now reached 30bp higher than mcdonalds. is there some way on a blog i can do that thing that jon stewart does where he madly pretends to rub his eyes with his fists
i eagerly await our new m... [Show More]
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