Archive - Feb 15, 2012 - Blog entry
MF Global: Where's the Cash -- Part II
Submitted by rcwhalen on 02/15/2012 23:53 -0500Until the Congress rectifies the current bankruptcy laws and allows trustees to claw back payments made to secured lenders and other counterparties, there is no reason for any rational personal to allow a broker dealer to hold securities in custody.
Philipp Bagus On the LTRO and True Role of Central Banks
Submitted by CrownThomas on 02/15/2012 21:33 -0500As you know, back in December the ECB conducted a 3 year LTRO operation that drew far more interest than anticipated. The operation saw banks draw a Gross (net liquidity injection was ~210 Billion Euros) ~490 Billion Euros from the ECB (and not according to plan, turned around and parked it back at the ECB instead of buying up shitty bonds).
Update on the Planned Wars Against Syria and Iran
Submitted by George Washington on 02/15/2012 17:12 -0500Must ... Not ... Think ...
Inflation, Stealth Inflation, and How to Maintain Your Purchasing Power Against Both
Submitted by Phoenix Capital Research on 02/15/2012 16:37 -0500
Make no mistake, inflation is creeping into the system in a big way. And the Fed will not raise interest rates to fight it until it’s far too late. Debt levels are simply too high for the Federal Government and US corporations, particularly the large banks which the Fed has been doing everything it can to prop up.
Firewalls In Place, Markets ready: Greece Can Go To Heck
Submitted by testosteronepit on 02/15/2012 16:18 -0500Northern Europe to Greece: it’s over, baby....
DR STRaNGLe SCHauBLe, MaRio PoNZi, EURO GoDZiLLa aND CeRTaiN OTHeR EURO CuRioSITieS
Submitted by williambanzai7 on 02/15/2012 15:33 -0500Since the world is on a delusional course, we must adopt a delusional standpoint towards the world.--Jean Baudrillard
20 Times More Japanese Earthquakes in the 6 Months Following March 2011 than in the Previous 9 YEARS ... Quake May Have "Awaken
Submitted by George Washington on 02/15/2012 14:05 -0500Pandora's Box?
Dare It Be Spoken? The QQQs really seem Topped Out
Submitted by Tim Knight from Slope of Hope on 02/15/2012 13:01 -0500Anyone who has dared question the infinite strength of the Apple juggernaut has had their liver eaten daily by a hawk. (My own view last week that Apple would get a little above $500 then reverse didn't quite work out, although I'm willing to give myself a little wiggle room here). But it really seems to me we are just about at the peak of how high the QQQs are going to be able to go.
As I Said Was Guaranteed To Happen Two Years Ago: Greece = Kaboom! But Now Many Misunderstand The Consequences
Submitted by Reggie Middleton on 02/15/2012 12:45 -0500The complacency of the markets is amazing given the risks at hand. I don't think I'm that smart, so is it that so many others are that stupid? It can't be, can it?
Remember that Lehman week? What happened to volatility and the market? Similarities to 2008 and Lehman Brothers? Yes.
Submitted by thetrader on 02/15/2012 11:30 -0500Equity markets are dislocating from credit and volatility risk. "Real " risk markets suggest something bigger could be happening sooner than later. We see some similarities to the famous 2008 Lehman week.
Sino-Euro Support Analysis - First Draft
Submitted by Tim Knight from Slope of Hope on 02/15/2012 09:45 -0500NeW DeMOCRaCY ATHeN'S 4-1-9
Submitted by williambanzai7 on 02/15/2012 08:47 -0500Usually your bank issues the commitment letter, not the other way around. Either way someone needs to tell those Troika morons and the crowd that follows them, what an MOU is.
