Frontrunning: March 2

Tyler Durden's picture
  • Greece in no rush to sell bonds, debt chief says (Bloomberg)
  • Greece puts bond sale on hold as it hopes bail out will let it borrow at sub-7% (Guardian)
  • Banks raise pay as U.K. efforts to cut bonuses fail (Bloomberg)
  • John Crudele: Hey Washington! Economy has us very worried (Post)
  • Hedge funds move to euro after Greek CDS trading is the now the "old trade" (Reuters)
  • Sovereign CDS trading to be probed by EU (Bloomberg) as shorting euro is now borderline illegal
  • Man who broke the Bank of England, George Soros, "at center of hedge funds plot to cash in on fall of euro" (Daily Mail)
  • Singapore, Abu Dhabi face $10 billion loss on UBS (Bloomberg)
  • Bond yields, earnings yields and inflation (Hussman)
  • Paul Farrell: 8 reasons why Wall Street loses another 20% this decade (MarketWatch)
  • Cut pay for government workers (Forbes)
  • Remembering the lessons of the last market bubble (WaPo)
  • And more CDS "experts" chime in: time to outlaw naked CDS (nothing about "naked" selling or "naked" put buying yet) (FT)

graphic of the day via Richard