ECB = Lehman…. in a Manner of Speaking
The ECB has more debt on their balance sheet than the Fed. Currently they are holding $3.2 trillion with leverage to the tune of 30…almost the same situation as Lehman.
Comments »Update on Global CDS
Update on European Yields
Spanish and Italian Bonds Rise as ECB Introduces Three Year Unlimited Loans
Spanish Bond Sales Outpace Expectations; Yields Fall
The Case for ‘Face Ripping Inflation’
Bernanke to Be a Magic Man in 2012
Given much uncertainty for equities and the economy; it is being touted that Bernanke will be dovish if he so pleases.
[youtube://http://www.youtube.com/watch?v=nDwKuYWVMvo 450 300] Comments »DSK Tactfully Shits All Over the ECB in His First Public Statement Since Engineered Sex Scandal
Santa Circle Jerks Western Markets
All attempts for a Santa rally were dragged down in Europe and the U.S. banking sectors. Declines further accelerated on the proposed adoption of the Basel Treaty rules and the ECB failing to negotiate a loan program via the IMF.
Mario Draghi had some low note commentary and then BAC broke $5 helping traders to fade equities.
DOW down 99
NASDAQ down 32
S&P down 14
JPMorgan’s Staley: Market Unprepared for Europe Default
High Times 1% Style
ECB Fails to Get a Loan Agreement Going With the IMF
The ECB failed to negotiate a loan through the IMF to increase their firewall capacity for the sovereign debt crisis.
Of course more caviar and champagne dinners will likely come to hash out this deal. For now though they have met an impasse.
Comments »Lunch Break: Why Not Issue Debt Free Notes Again ?
Recent Study: 82% Chance of California Pensions Going Under
More Investors Flock to a Cash is King Mentality
December has seen investors going to cash; with the highest levels in a year.
Comments »FLASH: Britain refusing to contribute to IMF part of eurozone bailout fund
Related: Canada tells Germany to look to itself for aid.
Comments »SHAME ON MORGAN STANLEY: SHARES OF ZYNGA ARE GETTING CRUSHED
Whoever structured this deal should be fired.
Shares of ZNGA are plunging, down 7% to $8.85.
Comments »Fed Swap Program May Reach $1 Trillion to Save Europe
Tobias Levkovitch: ‘Raging Bull Market’ Coming to the U.S.
“Stocks are set to rebound like a “raging bull,” as a housing recovery and greater energy independence blow additional winds in the sails of the next equities upturn, says Tobias Levkovich, chief U.S. equity strategist at Citi Investment Research.
Investors are still reeling from the housing bust and ensuing credit crunch and recession followed by a sluggish recovery, market volatility and zero price gains.
“The investment community is distracted by having lost 50 percent-plus in stocks twice since 2000, the plunge in home prices, peak-like profit margins, employment challenges and a potential European sovereign debt/banking crisis,” Levkovich writes in a note, according to CNBC. ”
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