• Reggie Middleton
    02/09/2010 - 05:12
    The levered assets of the banks in many Euro-sovereign nations easily outstrip those nations' GDP's. So when the nations' banks get in trouble from bad banking practices (and a very large swath have), the nations themselves are helpless in attempting to truly save the banks (and instead only institute a bait and switch wherein private default risk/insolvency potential is swapped for public manifestations of the same).
  • Chopshop
    02/09/2010 - 02:41
    Derivatives trading volumes in January 2010 were stronger, with European derivatives volumes increasing 32.4% and U.S. options trading volumes increasing a whopping 102.4% y/o/y. Cash equities trading volumes were mixed, with European cash transactions increasing 4.1% and U.S. cash equities trading volumes declining 23.7% from Jan '09. Total interest rate products ADV of 2.7 million contracts in January 2010 increased 37.8% from January 2009, and increased 50.5% from December 2009. Total interest rate product ADV is at the highest level since March 2008 !

Frontrunning: October 1

Tyler Durden's picture




  • Shocker: Euro falls after Trichet says "sharp currency moves have an adverse effect" - Bernanke seen buying a carton of Midol Lights (Bloomberg)
  • Jobless claims rise more than expected (Bloomberg) as Americans spend more of their soon to run out unemplopyment checks (Bloomberg)
  • Weil: Banks have us flying blind on depth of losses (Bloomberg)
  • CIT may pit bondholders against each other with debt swap offer (Bloomberg)
  • BAE Systems faces corruption charges over weapon sales to Africa and Eastern Europe (NYT)
  • IMF just can't hide its optimism (Bloomberg)
  • Third quarter was a bed of roses on Wall Street, but thorns lurk (LA Times)
  • Naftogaz Ukraine cut to "restricted default" after missed Eurobon payment (Bloomberg)
  • RBS, Lloyds send "shocking" $4.4 billion to Irish units (Bloomberg)
  • Wall Street needs more sking in the game (WSJ)
  • Last week's G-20: does it matter? (Cumberland Advisors)

 

0
Your rating: None



by Cognitive Dissonance
on Thu, 10/01/2009 - 09:12
#85114

How startling that must have been for Rosenberg to see two black swans after warning everyone of a potential black swan event around the corner.

 

by Art Vandelay
on Thu, 10/01/2009 - 10:14
#85186

If this doesn't cause Rosie to dig in his heels even more, I don't know what will.  Only an apparition of BB's face in a burning bush could be more telling.

by LoneStarHog
on Thu, 10/01/2009 - 08:00
#85037

Trichet!  One should always have a good French whore.

by Anonymous
on Thu, 10/01/2009 - 08:15
#85047

Even better: Strauss-Kahn (IMF), Pascal Lamy (WTO) are both French too.

by Cheeky Bastard
on Thu, 10/01/2009 - 08:39
#85076

Wall Street needs more sking in the game

WRANG !!!!! what WS need is less pompous assholes and failed-in-everything-else-except-legalized-theft-of-other-people-money personas ( and i don't want to hear a peep how WS bankers make world go round; they dont, people MAKING AND PRODUCING STUFF do that ). Damn, i hate WS ...

by Anonymous
on Thu, 10/01/2009 - 08:44
#85079

How true CB but TPTB have done a very good job convincing us that as long as the parasite is healthy the host will recover.

by monkeyshine
on Thu, 10/01/2009 - 11:28
#85308

Well put.

by monkeyshine
on Thu, 10/01/2009 - 11:27
#85302

Re: IMF

Agency that deals with governments optimistic about government spending shock!

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