Is 16-Times-The-Charm For ECB BTP Interventions?
While the disquieting calm (before the storm) of the last hour in European markets suggests traders sitting on their hands into a bazooka-ridden weekend, we thought a look at what happens when the ECB stops playing may help. Based on the velocity of price-jump, the last two weeks have seen at least 16 interventions by the ECB into the BTP market and still the price is down significantly. Most importantly, on the two occasions when the ECB has deemed to let free markets reign, we have seen BTP prices free-fall. Have a great weekend, Europe.
Most notably, the last two days have seen a clear focus of attention on France and Italy and Spain has been somewhat left in the dust. Spanish bonds are now 80bps wider on the week and its worth noting that EFSF spreads broke 200bps earlier this morning!!
Chart: Bloomberg
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The Careless Whisper Morning Fight Club Update
VIDEO: Global Banker Cops (aka NYPD) Beat Man For Planting AMERICAN FLAG In Park
http://www.youtube.com/watch?v=mhQCpXM-Sm4#t=3m0s
Fight Club: NYC
http://www.nydailynews.com/new-york/protester-brandon-watts-pitch-a-tent...
Fight Club: Duangdong Province, CHINA
http://shanghaiist.com/2011/11/18/shoe-factory-strike-dongguan.php#photo-1
Nordstrom; Spend Time With Your Family; Regular Store Hours On Black Friday
http://www.sun-sentinel.com/business/fl-black-friday-retailers-20111116,...
Man Desperate For Job Responds To Fake Craigslist Ad; Found Robbed & Shot
http://pittsburghlive.com/x/pittsburghtrib/news/regional/s_767958.html
US Attorney Preet Bharara Makes Arrest In Stolen $11 Million Praetorian Global Fund; "...told lies, said money would be safe..."; Jon Corzine Dines On Grilled Branzino With Wilted Greens And Citrus At Frankies Spuntino
http://www.palmbeachpost.com/news/state/fort-lauderdale-businessman-ran-...
Newt Founded "Think Tank" Got $27 Million From Big Pharma
http://www.washingtonpost.com/politics/gingrich-think-tank-collected-mil...
Vatican Says IT Was Exploited; Sues Benneton
http://www.heraldsun.com.au/news/world/vatican-sues-over-pope-kissing-ad...
Thx CW...
That Barnhardt Capital letter is getting discussion time on CNBS. Kaminsky starting to speak regularly on corruption.
Hi Gary! Zh welcomes your Bill Miller bash rant too. Here's to your continued de-conditioning.
Ann Barnhardt is funny - but small potatoes, which is like Tyler bashing Europe - "happy weekend, Europe" - when the big and mushy potato in the fairy tale is GS-JPM-Wall Street-CIA-Pentagon i.e. US EMPIRE...
wouldn't it be great if everyone realizes that and took care of that before it's too late...?
Watch US crash and burn in the next chapter... 2012 & 2013...
yes, clearly... But I just like it when a new fuse gets lit. Too many to put out and all of them end at the same place. KA-boOO... you never hear the rest.
Its that damn Hansel again! He's so hot now.
16 candles
It only took me 12 tries to get this right. Sorry, no flat feet boogie but it is in the same key.
It's 2009 Again
Game: find the red box where the ECB got Silvio to step down.
Once started, you have to buy them all. It really is that simple.
Global Finances as Pokemon toys.
They'll have an animated cartoon out next.
Bulls praying for bazooka weekend.
I'm wondering if equities being green this morning is a headfake, with an afternoon sell-off, or do people really want to be long going into the weekend?
What bad thing can happen over the weekend? The next Italian bond auction is not till next Tuesday.
Iran strike, liquidity lockup, violent suppression of demonstrations. What did I forget?
Anything can happen. People are in a shitty mood, and it's getting worse.
Greek army whooping it up in Athens???
Friday afternoon is always a good time to announce management shakeups and "disappointing results".
They really need someone like Bernanke's caliber, 600 billions and 8 billion daily without approval from the congress, without the permission from the people.
Wir wollen unser Bazooka. Und ein Panzer dazu.
btp??????????????
pleae say what that means (bonds the pigs)
Italian bonds. The market for Italian debt is the poo poo. And without more debt to pay off their current debt (snicker) they fall off the solvency wagon.
Like a juggler having a harder and harder time keeping all the plates spinning.
http://www.youtube.com/watch?v=cpjj5JIIfwU
And he's French!
Plates? Are you joking? We're way past plates.
On to the chainsaws.
http://www.youtube.com/watch?v=VXVr564u1aw
At the end he shouts "I'm still alive!"
Thats not an emergency...nor an accident...its a means to and end.....
Bazooka rumor rally can come anytime today and mangle bear claws in a viscious metal trap.
Greece is almost out of the "crisis": the budget deficit will be only 5.2% in 2012, more austerity is not needed, says Venizelos. Bye bye crisis. The euro will survive. Boring world we live in.
Are you suggesting that you believe Greek FinMin's forecast on their 2012 deficit? Seriously?
Tyler, how do you know when the ECB stepped in? Source?
Thanks!
US Government intervention in the housing market has been a failure, so why should the ECB intervention be any better?
Positive Signs For The Economy, But MBA Refi Apps Fall 20.97% and Purchase Apps Fall 14.97% – Obama Signs Growth of Government (FHA)
http://confoundedinterest.wordpress.com
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Alexander Wang Bag | Alexander Wang Shoes | Alexander Wang Rocco Alexander Wang Frankie Creeper Short crude oil. The world is swiming in oil as everything else. Its elevated price is just a scam. The probability of war is zero. Uncle Sam can´t go to war against Iran because both its flanks are insecure. The left flank goes to the Straits of Hormuz and if that is closed this means crude price $300 and Stalingrad for US forces in Iraq and other US vassal states in the gulf. As for the right flank that supply line goes through Pakistan. It´s shaky enough as it is.
can someone tell me wtf is btp