• Sprott Money
    03/01/2015 - 23:51
    Clearly if Western governments were ‘merely’ drowning in debt-to-GDP ratios of roughly 100%, then theycould still argue that attempting to manage these debt-loads was legitimate rather than...

Crude

Pivotfarm's picture

Trichet on Bernake





Jean-Claude Trichet, the former head of the European Central Bank, in an interview with CNBC stated that there was only so much that central banks could do to save the economic situation at the present time.

 
Tyler Durden's picture

Frontrunning: June 25





  • Here come the rolling blackouts: Obama takes on power plant emissions as part of climate plan (Reuters)
  • Walking Back Bernanke Wished on Too Much Information (BBG)
  • As previewed last week: Bridgewater "All Weather" is Mostly Cloudy, down 8% YTD (Reuters)
  • U.S. Said to Explore Possible China Role in Snowden Leaks (BBG)
  • Coeure Says No Doubt ECB Loose Monetary Policy Exit Distant (Bloomberg)... so a "recovery", but not at all
  • U.S. steps up pressure on Russia as Snowden stays free (Reuters)
  • Texas' Next Big Oil Rush: New Pipelines Ferrying Landlocked Crude Expected to Boost Gulf Coast Refiners (WSJ)
  • Singapore Offsets Bankers as Vacancies Fall (BBG)
  • Asian Stocks Fall as China Sinks Deeper Into Bear Market (BBG), European Stocks Rally With Bonds as Metals Advance (BBG)
  • Qatar emir hands power to son, no word on prime minister (Reuters)
 
Pivotfarm's picture

Markets Don’t Like China's ‘Reasonable’





China’s central bank issued a statement that the Chinese banking system had liquidity levels that were “reasonable” today. There by hangs a tale. ‘Reasonable’ is that which may fairy and properly be required of an individual (a case of prudent action observed under a set of given circumstances).

 
Bruce Krasting's picture

On Bullying Friends





The Swiss Parliament basically told the US Department of Justice to fuck off.

 
Asia Confidential's picture

Is That The Sound Of Asset Bubbles Bursting?





Both the U.S. and China are now attempting to deflate asset bubbles. The former is likely to have second thoughts while the latter isn't.

 
Pivotfarm's picture

European DisasterZone





Europe is a disaster-zone. Here’s the round-up of what’s going wrong right now. The longest day? It would have been a long day, whatever happened, so you might as well enjoy it.

 
Pivotfarm's picture

Eurozone Banks: Confidence Gone!





As if the Greeks don’t have enough to deal with right now with their country cut off from the benefits of a national television and radio station. What is it they say in the UK? Something like ‘when it rains it pours’.

 
Tyler Durden's picture

Global Markets Stabilize Following Thursday Meltdown





After Thursday night's global liquidation fireworks, the overnight trading session was positively tame by comparison. After opening lower, the Nikkei ended up 1.7% driven by a modest jump in the USDJPY. China too noted a drop in its ultra-short term repo and SHIBOR rate, however not due to a broad liquidity injection but because as we reported previously the PBOC did a targeted bail out of one or more banks with a CNY 50 billion injection. Overnight, the PBOC added some more color telling banks to not expect the liquidity will always be plentiful as the well-known transition to a slower growth frame continues. The PBOC also reaffirmed that monetary policy will remain prudential, ordered commercial banks to enhance liquidity management, told big banks that they should play a role in keeping markets stable, and most importantly that banks can't rely on an expansionary policy to solve economic problems. Had the Fed uttered the last statement, the ES would be halted limit down right about now. For now, however, communist China continues to act as the most capitalist country, even if it means the Shanghai Composite is now down 11% for the month of June.

 
Pivotfarm's picture

Chinese Banks Ready to Go Bust





Dive! Take cover! Or, at least, hold on to your pants in the scramble. The Chinese bubble has just burst. It looks like the world is going to have egg on its face and elsewhere as Chinese banks are scrambling to get the hands on cash.

 
Pivotfarm's picture

Bernanke: King and I





Some have been asking for quite a while now what Ben Bernanke will be up to when he finally gets to close his office door at the Federal Reserve for the last time? Will he be sunning it on some Cayman Island beach?

 
Bruce Krasting's picture

On the Tapir





"Don't be afraid of the tapir. It's not scary"

 
testosteronepit's picture

One Part Of Japan’s Abenomics Salvation Is Already A Fail





Japan’s attack in the Currency War was SUPPOSED to make it more competitive in international trade

 
Tyler Durden's picture

Frontrunning: June 20





  • Bonds Tumble With Stocks as Gold Drops in Rout on Fed (BBG)
  • Bernanke Sees Beginning of End for Fed’s Record Easing (BBG)
  • Gold Tumbles to 2 1/2 Year-Low After Fed as Silver Plummets (BBG)
  • PBoC dashes hopes of China liquidity boost (FT)
  • U.S. Icons Now Made of Chinese Steel (WSJ)
  • Emerging Markets Crack as $3.9 Trillion Funds Unwind (BBG)
  • Everyone joins the fun: India sets up elaborate system to tap phone calls, e-mail (Reuters)
  • China Manufacturing Shrinks Faster in Threat to Europe (BBG)
  • More on how Syria's Al-qaeda, and now US, supported "rebels", aka Qatar mercenaries, operate (Reuters)
  • Echoes of Mao in China cash crunch (FT) - how dare a central bank not pander to every bank demand?
  • French watchdog tells Google to change privacy policy (Reuters)
 
Syndicate content
Do NOT follow this link or you will be banned from the site!