Archive - Jan 28, 2010 - Story

• Meltzer: The Fed's anti-inflation exit strategy will fail (WSJ)
• It's time for Bernanke to move on (MarketWatch)
• Bernanke is unfit to be reconfirmed: "If nothing else, Mr. Bernanke has proved to be a consummate bureaucrat,
  spending most of his time in recent months lobbying for major
  expansions in the Fed's regulatory powers, which, if granted, would
  take it far beyond the purposes for which it was created in 1913." (Washington Times)
• Goldman viewed as favored by regulators, Fed says (Bloomberg)
• Quantitative easing: we are all central bankers now (Jesse)
• Here comes the new temporary debt thatch roof: Democrats to raise debt limit $1.9 trillion to $14.3 trillion (The Hill)
• Darling to hold secret talks with bankers in Davos (Guardian)

• Asian stock markets were broadly higher following a rise on Wall Street.
• Brazilian Central Bank keeps its benchmark interest rate at a record low of 8.75%.
• China sets up energy policy body headed by premier amid growing demand, shortages.
• China shares rebound on bargain-hunting after a 4-session decline, led by developers.
• China’s banking regulator told lenders to step up scrutiny of property loans.
• Dutch state and ING appeal EU ruling on payback of aid given during financial crisis.

There is a rumor of a bailout going around. It is worth watching as the Greece/Germany spread was wider by 17bps on the day again. It may be worth looking at shorting some bunds here, especially given that 10s rejected their 118-10 resistance yesterday in the US. - Nic Lenoir

RANsquawk 28th January Morning Briefing - Stocks, Bonds, FX etc.