Libor Dispersion Surges, As SocGen, WestLB, Mizuho and Rabobank Flash Red Liquidity Warning Lights

Tyler Durden's picture

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Thu, 05/20/2010 - 14:07 | 363490 ZeroPower
ZeroPower's picture

I hope the LIBOR-OIS spread will keep going to Lehman levels.

In which case, we need a European Lehman to confirm the freeze of credit markets, again.

Thu, 05/20/2010 - 16:17 | 363799 Reggie Middleton
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Interesting. SocGen came up on my company's "Euro-bank-at-risk" scan last week as well, among several others.

Thu, 05/20/2010 - 19:36 | 364405 ZeroPower
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Good, thats what we need. One to take the fall for all of them, a la Lehman.

Thu, 05/20/2010 - 14:35 | 363498 ReallySparky
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Okay regular folks and free loaders, I encourage everyone to hit the donate button and pony up a donation for more bandwidth and servers and whatever tech crap ZH needs to buy so the site doesn't go down. We all know the markets are only going to get more volitle and bizarre from hear on out. DONATE NOW!

Thu, 05/20/2010 - 14:46 | 363514 luster
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I would if they had a payment method other than suck ass PayPal.

Thu, 05/20/2010 - 14:58 | 363538 Dapper Dan
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If they would post there address I would gladly send a personal check, or some of these nice FRN's,  get em now before they lose  there shine.

Thu, 05/20/2010 - 15:13 | 363594 luster
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TD, are you reading this?

Thu, 05/20/2010 - 14:50 | 363523 Flounder
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Uh, I believe ZH needs a google sized server farm next to a glacier lake with hydroelectric power.

Thu, 05/20/2010 - 14:39 | 363499 BlackBeard
BlackBeard's picture

Nice.  The benevolent stewards of our economy are prudently using taxpayer money to buy Euros.  Congratulations comrades, our future tax monies have juiced the Euro by 2 cents this morning.  please call his honorable Bernanke and Giethner to thank them for acting as our fiduciaries in helping others in need.

Fri, 05/21/2010 - 06:07 | 365235 The Alarmist
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Could be worse ... you could be paying taxes on both sides of the pond.

Thu, 05/20/2010 - 14:37 | 363500 youngandhealthy
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To be honest ZeroPower....I dont get it. Why do you want that? Talking your petty bet or schadenfreude?

Thu, 05/20/2010 - 15:16 | 363605 ZeroPower
ZeroPower's picture

Definitely not the latter (and yes i googled that). Maybe a bit of 'i told you so' to people who think everything is fundamentally sound; a bit of alpha too.

Thu, 05/20/2010 - 14:39 | 363501 Mongo
Mongo's picture

One might say, the CB-chiefs are sweating bullets?... or are they sweating fiat currencies?

Thu, 05/20/2010 - 14:42 | 363507 docj
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Meanwhile, the afternoon zero-volume melt-up continues unabated - the S&P has already evaporated the entire post-open decline and is now flirting with a loss of "only" 2% when any reasonable reading of the news should result in yet another massive hit to the index.

The new-and-improved FedCo "PlungeControl 10,000" is holding up pretty well, so far.

Thu, 05/20/2010 - 14:47 | 363517 johngaltfla
johngaltfla's picture

It's like a broken record. Tyler & ZH says watch OIS/Libor. Brits are telling everyone on Bloomberg in the early morning, watch OIS/Libor. I've been screaming watch EURIBOR/LIBOR/etc.

Now CNBC is finally letting Santelli talk about it and the crap is hitting the fan. It's indicating a huge problem just as the 1-3-6 Treasuries have been warning for a year that this was not a long term bull market starting again in equities. This may not be the crash coming but the credit markets, as Tyler has been saying, are warning loud and clear that the fan is about to get splattered if the CB's don't get their acts together.

Thu, 05/20/2010 - 15:14 | 363600 ZeroPower
ZeroPower's picture

Yup, just how its been about 3 days in a row now hes been talking about the PM ETFs which dont have enough backing in physical..

Thu, 05/20/2010 - 14:47 | 363518 Grand Supercycle
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For several days I have been warning of EURUSD buying support as detected by my indicators, and this has been confirmed by the recent break out.

The proprietary indicators I use can identify trend changes before they occur.

Thu, 05/20/2010 - 14:48 | 363520 The Rogue Trader
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Just DONATED...suggest all chip in

Thu, 05/20/2010 - 14:49 | 363522 mister_x
mister_x's picture

UBS as the lowest? That's the funniest thing I've heard today. Shows you skepticism is warranted on Libor.

Thu, 05/20/2010 - 14:52 | 363528 partimer1
partimer1's picture

They can easily announce some kind of rumor and render all those puts they sold worthless by tomorrow morning.  This is how the scam works.


Thu, 05/20/2010 - 15:09 | 363570 carbonmutant
carbonmutant's picture

There are no limits to SNB intervention...

Thu, 05/20/2010 - 19:43 | 364426 BurningFuld
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Fri, 05/21/2010 - 00:19 | 364997 Grand Supercycle
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For several days I warned of EURUSD buying support as detected by my indicators - and this has been confirmed by the recent Euro break out.

The proprietary indicators I use can identify trend changes before they occur.

Fri, 05/21/2010 - 04:23 | 365180 mm17101978
mm17101978's picture

Dear Reggie, I am not surprised at all that Societe Generale came up in your own scan of major European banks that are currently in big trouble but I would also bet that (since I work with them, although on the real-estate side) BNP Paribas and UniCredit "made it" to your "big trouble" list. Not to mention Intesa Sanpaolo, reportedly stuffed with Greek (state) junk. Am I decently close to identifying a few of the other majors that could go through big shocks pretty soon on this side of the ocean? Best wishes to all ZH users and creators from Rome.

Fri, 05/21/2010 - 06:54 | 365266 Droops
Droops's picture

Any particular reason you drew the line there, or was that when you realised that drawing attention to 2 of the only AAA cast iron safe banks in the world made you look like an idiot?

Maybe the guys putting high numbers in are just telling the truth and the others are lying?  Or maybe the whole thing is a joke, since there's no unsecured lending going on anyway...??

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