Applications rose a whopping 12.8%
Comments »Poland’s Central Bank Leaves Rates Unchanged; Highest Level Since 2009
I thought Poland wanted to be in the EU club. Doesn’t that mean cooperation and interest rate coordination ?
Comments »German Bonds Rise As Another Note Sale Commences With Strong Bids to Cover
Draghi May Soon Be Haled the Superman The ECB Needed
Time will tell; but given his background it appears he will produce crushing moves upon the bears and reality. Just one thing; you can only kick a can so far before you pay the piper.
Comments »Bernanke Blasts Bloomberg for Egregious Errors on Emergency Loans Program
“There have been a series of recent articles–one just last week–concerning the Federal Reserve’s emergency lending activities during the financial crisis. These articles have largely repeated the same information in different formats, and have contained a variety of egregious errors and mistakes.”
Bernanke, who said the media is wrong by calling the Fed’s lending activities “secretive,” also corrected Bloomberg Market’s math.
“Second, one article asserted that the Federal Reserve lent or guaranteed $7.7 trillion during the financial crisis. Others have estimated the amounts to be $16 trillion or even $24 trillion. All of these numbers are wildly inaccurate…”
Full article
Geithner Plays Down Role of Federal Reserve Funding Through the IMF
AXP CEO Tells the CFR That Retailers are Upbeat About Holiday Sales
A Zacks Research Writer: “Why I’m 0% Long Stocks”
Perhaps this weeks news flow will change his mind, but for now here is a piece of why there is no reason to own stocks.
Comments »Portugal Raids Pension Funds to Meet Deficit Targets
FLASH: S&P PLACED EFSF ON CREDIT WATCH NEGATIVE
S&P strikes again.
Comments »S&P Credit Warnings Throw a Wrench Into the Euro Solutions Engine
Flash: Italian 10 Year Yields Drop to 5.85%
Crisis over.
Comments »Prominent Mortgage Investor Puts Litigation Costs to Settle Mortgage Crisis at $100 Billion +
Really: S&P Warns Time is Running Out for Europe to Solve Crisis
Dollar Loans Through the Bank of Japan Jump 25 Times After Coordinated Central Bank Rate Cut
S&M Undeterred by S&P Credit Warning
FLASH: Australian Cuts Interest Rates
The Reserve Bank of Australia (RBA) cut the official cash rate by 25 basis points to 4.25% at its December meeting on Tuesday.
Comments »Breaking: *S&P SAID TO PLACE ALL 17 EURO NATIONS ON RATING DOWNGRADE WATCH
All for one, one for all.
Comments »CFTC Creates More Restrictions on How Brokerage Firms Can Use Client Monies
In the wake of MF Global tighter limits were approved today to limit how client monies can be used.
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