Archive - Dec 2013 - Blog entry

After the fireworks following yesterday's weak 10yr auction, tensions were high going into today's 30yr bond auction.

When I heard Kyle Bass discussing one of the reasons he was investing in Herbalife is because of possible future stock buybacks at all-time highs – I just shake my head as this isn`t going to end well folks!

From Russia with love...

Given this lack of warning, depositors need to plan in advance for the day when ATMs do not work and they cannot access cash in their bank accounts. Customers could only withdraw a maximum of €300 per day from branches and ATMs, and could only carry a maximum of €3,000 while travelling out of the country

Given this lack of warning, depositors need to plan in advance for the day when ATMs do not work and they cannot access cash in their bank accounts. Customers could only withdraw a maximum of €300 per day from branches and ATMs, and could only carry a maximum of €3,000 while travelling out of the country. 

Remember that it was only 2 years ago that pundits where calling rising Treasury yields the “trade of the century”?

Today's 10yr auction result was a surprise for many traders.  Will tomororrow be a repeat?

The Bank of England's Tucker, who has worked with U.S regulators on the cross-border hurdles to taking down an international firm said that "U.S authorities could do it today--and I mean today". The FDIC official in charge of planning for resolutions, confirmed that the U.S system is ready to handle a big-bank collapse.  

Also: (1) Cover Your Webcam With a Post-It Note; and (2)  Is the NSA Blackmailing Its Overseers In Washington?

It’s always astonishing how funerals and memorial services can do two things to people. They make platform for public show and then they provide the opportunity for public speaking that knows no bounds in the hope that they will be remembered for eternity.

There, everything is fixed, now go shopping...

The biggest bubble is in investors' belief that there is no risk.

“The only thing we have to fear is fear itself.”

Emergency resolutions and legislation would be likely in many countries in the event of another Lehman Brothers collapse and another global credit and financial crisis. 

Particularly vulnerable banks in each country are....

Commemorating 100 Years of Central Banking Fraud...

The FSB's first chairman was Mario Draghi, current President of the European Central Bank, while its current chairman is Mark Carney, Governor of the Bank of England. The inclusion of Financial Market Infrastructures means that large parts of the global financial system is susceptible to bail-in and could potentially be bailed-in including exchange traded funds.