This page has been archived and commenting is disabled.
ZH Evening Wrap Up 6/12/12


Some headlines from today
- As ZH has already pointed out: Why did the spanish bank bailout fail? subordination
- Fed official Dan Tarullo says the shadow banking system needs tighter reigns... wink wink
On a long enough timeline
*High volume day today, there are plenty of great pieces for you to check out outside of this list
- Art Cashin predicts Ctrl+P, because he studied Bernanke's past
- ZH breaks down PIMCO's TRF monthly update: hint he's buying more TSYs
- Greek bank run update: 100mln - 500mln euros per day
- What does european credit know that stocks don't?
No audio today - grab a coffee & get reading
- advertisements -


Equity markets up 1.2% on no real news and no change in the debt debacle.
Let's hope it isn't retail investors getting suckered back in circa 2002-2008.
A typical netty pot is a ceramic vessel where you add boiled or distilled water, salt, tea or saline (salt solution) with herbs. You can visit the chemist’s and find neti pot solution available.
Austrian Minister admits to reading ZH:
Austrian minister says Italy too may need bailoutVIENNA/ROME (Reuters) - Raising the stakes in Europe's debt crisis, Austria's finance minister said Italy may need a financial rescue because of its high borrowing costs, drawing a sharp denial on Tuesday from the Italian prime minister.
"Italy has to work its way out of its economic dilemma of very high deficits and debt, but of course it may be that, given the high rates Italy pays to refinance on markets, they too will need support," Fekter said.
http://finance.yahoo.com/news/austrian-minister-says-italy-too-103617443...
Yes, "...they too will need support...."...could it be "they" means the Austrian Banks that have Italian exposure?
BTW, thank you for your daily 'recaps."
I dunno. A few months ago she looked like a complete and utter fool to me. If she did her homework, good for her.
Mises would be proud.
Thanks for the recap.
But isn't there a way to report spam on here?
Sheesh.
Wheres the effing bloody metals prices we begged you for last time? Your recap is a pretty pisspoor runner up without them. 28 times a bridesmaid and never a bride
Love your recap.
Kind of off-topic (except for the "we are mortal" theme). http://www.youtube.com/watch?v=QjJsUaILYk4