Archive - Oct 22, 2014
Equity Levitation Stumbles After Second ECB Denial Of Corporate Bond Buying, Report Of 11 Stress Test Failures
Submitted by Tyler Durden on 10/22/2014 05:57 -0500If the ultimate goal of yesterday's leak was to push the EUR lower (and stocks higher of course), then the reason why today's second rejection did little to rebound the Euro is because once again, just after Europe's open, Spanish Efe newswire reported that 11 banks from 6 European countries had failed the ECB stress test. Specifically, Efe said Erste, along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but gave no details of the size of the capital holes at the banks.
100% of Mainstream Interest Rate Theory is Wrong
Submitted by Gold Standard Institute on 10/22/2014 00:45 -050067 econonomists polled by Bloomberg predicted rising rates. Rates fell. Many predict rising rates now. Let's look into the wrong assumptions that lead to this prediction.
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