Archive - Feb 26, 2010 - Story

<-This is what Germany thinks of Greece (Focus)

About time someone starting looking at potential criminality here: How Goldman's Stephen Friedman gamed the financial system while at the New York Fed (Nation)

Inventories - the gift that keeps on giving - First GDP revision is higher (Bloomberg)

Lessons from the Fed's past on heading for an exit (FT)

Stevie Cohen trades secrecy for golf with investors lured by 30% returns (Bloomberg)

AIG posts loss on charges tied to rescue, may need more bailouts, shares fall (Bloomberg)

Hey Europe - You happy you complied with Summers/Bernanke and kept euro so high for a year? European economy risks decoupling from global growth recovery (Bloomberg)

As the roadshow was initially scheduled for the second half of February, this implies that the Greek bond offering is, for now, history. Furthermore, no new roadshow data has been set. It is unknown whether this is due to the massive deterioration in Greek financial perceptions over the past week, or if because the government has managed to arrange a private loan with Deutsche Bank (which hopefully does not have a downgrade put trigger as that would be the shortest loan in history).

Greek spreads were about 10 bps tighter earlier after rumors that Deutsche Bank CEO Ackermann's meeting with Greek officials was to set the tone for a €15 billion DB loan to Greece. Even as Eurostat was analyzing the Greek swap info, and Greece announced slightly better than expected January budget data, the country was still forced to delay its bond offering as expected by Zero Hedge, despite consistent disinformation rumors spread by the Greek ministry otherwise.

• Asia stocks, Emerging currencies, metals climb on Asia economic optimism.
• Bernanke says Fed is reviewing Goldman Sachs's arrangements with Greece.
• India's Finance Minister pledges to shrink budget gap as economic growth quickens.
• Obama may ban all foreclosures without review by loan-modification program.
• OPEC output reaches 14-month high in February on Saudi gain, survey shows.
• Sales of previously owned US homes probably rose on tax credit extension.
• Treasuries head for monthly gain on Greece debt concerns, Fed rate outlook.
• Yen declines versus Dollar, Euro amid speculation importers sold currency.

RANsquawk 26th February Morning Briefing - Stocks, Bonds, FX etc.

RANsquawk 26th February Morning Briefing - Stocks, Bonds, FX etc.