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Comments »Mark Mobius Out With a Surprising Call; Euro Debt Crisis to End by June of 2012
He did not give an exact time of day, but said he expected the crisis to end mid year sparking a major bull run.
Comments »Brazil Sees Inflation Jump; Inflation May Exceed Central Bank Targets
European Stocks Pare Gains on ECB Loan
ECB to Lend Banks 498 billion Euros for Three Years; Much More Than Expected
“The European Central Bank will lend euro-area banks a record amount for three years and more than economists forecast in an effort to keep credit flowing to the economy during the sovereign debt crisis.
The Frankfurt-based ECB awarded 489 billion euros ($645 billion) in 1,134-day loans, the most ever in a single operation and more than economists’ median estimate of 293 billion euros in a Bloomberg News survey. The ECB said 523 banks asked for the funds, which will be lent at the average of its benchmark rate – – currently 1 percent — over the period of the loans. They start tomorrow.
“It was obviously an offer the banks could not refuse,” said Laurent Fransolet, head of fixed income strategy at Barclays Capital in London. “It shows the ECB is not out of ammunition and it gives banks security on liquidity for a few years. On the other hand it means banks will rely on the ECB for longer.”
Comments »The U.K. Draws Up Expat Evac Plans in Case of Euro Destruction
Fukushma Linked to 14k U.S. State Side Deaths
Similar to radiation deaths seen after Chernobyl 14k Americans are believed to have died from the results of the Fukushima disaster. The death toll may rise according to the study.
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Debt Restructuring Talks in Greece Hit the Skids as Hedge Funds Walk Out
Europe is in no short supply of crappy news for what seems like an eternity.
Comments »Investors Sell $34 Billion in Equity and Buy $74 Billion in Paper Worldwide for 2011
The U.S. managed to see $ billion of inflow into equities while a monster $86 billion was raised for bond funds.
Comments »IMF Suggests a Firewall Be Put Up Around Ireland
Sighting fragility in their recovery the IMF suggest putting up a firewall to prevent a bond crisis that may stem from the rest of the region.
Comments »Greece Said to Be Close to Striking a Deal With Bondholders
Markets Rally Ahead of Tomorrow’s Anticipated ECB LTRO
A new measure for funding banks will be released tomorrow by the ECB. It has received mixed reviews, but the markets seem to like it as some news was released this morning or afternoon in Europe.
Comments »Audi Leaps Forward in Luxury Car Market
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 »Eurozone Data May Produce a Surprise for Investors….and Not a Bad One
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
Fun With Celente
[youtube://http://www.youtube.com/watch?v=eoDsddCHOAY 450 300]
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