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Maybe Euribor is blowing out because everyone is sucking in their gut for the test?
And will tighten up once the laundry is aired?
Not to be missed:
The schizoid histo chart on page 5. LOL
The fact that 3 of the 4 bottom ranked banks from their survey (other than Greek National) are from...<drumroll>...GERMANY!
I thought I saw on Bloomberg that the Euro stress test only looked at trading book losses. Is this enough of a test?
What exciting announcement caused the last .5% drop in the spy? BTW you have to love a market that goes up or down .5-1% in an hour about 10x a week. Makes you feel really good about the future.
If Calvin were given this Stress Test, he could doodle space aliens devouring Sally on the test paper and Miss Wormwood would still pass him.
But I love this stuff about "raising capital"...they're not "raising" anything. They're being kept artificially liquid while sucking productive resources into a rat hole. The bad debts built non-productive mal-investments, and now what bits of productive economic structure remain are being depleted just to keep the payment system ponzi running.
This should all turn out well.
sally? u mean susie?
c&h best comic strip that ever was and ever will be. period.
where is bill watterson now anyways?
How are the banks supposed to raise fresh capital (fresh, as in fresh of the press?) if capital markets are locking up?
it's really just dawning on me.. the entire world is going to keep sweeping this under the carpet, until what could have been vaccumed up in 5 minutes becomes a giant hairball monster that eats human flesh.
meanwhile, the worlds citizens will continue blissfully eating bon bons and watching american idol..
until the hairball monster is unleashed and bites their head off.
OOOO...kinda like this:
EXACTLY like that!
lay your eyes upon your future bon bon eating citizens of the world!
Bad movie: Night of the Lepus
No sweat folks- even if euro LIBOR is constipated the US Fed will print a trillion dollars to assist the eurozone cover it's margin calls. That's right, we print US dollars so Europe can cover it's liquidity gap. The ponzi must keep rolling...
these GS sell-guys&girls are truly amazing ;
nailed the low in Euro at 1.15 and the top in Euro 1.30-1.35 ..
like a glooooveeeee yet again
another coup de grace for the house one down for le clientele
if anyone can understand the stress tests GS can !!!
All things come from the GS.
"if anyone can understand the stress tests GS can !!!"
They snagged the teacher's book before lunch and photo copied the answers.
I hear they have a nice transparent overlay that projects the dead bodies of which they're already aware onto the stress test results.
Anyone believe only Greece let GS play hide the debt sausage?
Why do they borrow so much from each other anyway?
Daily repo phone guys beg for 5-6 billion...must have by 9:30 or pit boss gets nervous?
Help me with this.
Employees do shell game mime evertime I ask them this.
DOW/SP500 daily chart is bullish for now ...
Maybe someone could explain this to me, but isn't Euribor rising as a result of Trichet removing liquidity or excess reserves. In other words, to say that Euribor is rising as a result of banking stress is misleading, because we have seen a contraction in spreads. Wouldn't true banking stress also be seen in the dollar Libor market?
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