Full Text: Moody’s downgrades Spanish savings bank CAM to B3;
On Friday, I asked why CAM’s credit default swaps were soaring. This is why? Clearly someone had inside information.
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Yearly Archives
2011
Saudi Arabia: When surging oil demand meets limited supply
The following note from Gulf News reinforces the concept that high population growth in the Middle East will slow the amount of oil available for export. I believe the consequences are higher prices.
The Outlook for a European TARP
Europe is slowly but inexorably moving toward its own version of TARP—the U.S. “toxic asset relief program”. Rather than sub-prime mortgages and related derivatives, the toxic assets in Europe are sovereign credits, which in some cases –…
News Links 10/17/2011
Posted Prices and the Capitol Hill Stalemate Machine - Washington Spectator tags: politics corporatism…
China’s Dwindling Trade Surplus Signals Weak World Economy
The Chinese trade surplus has dwindled. But pressure to revalue the Yuan remains. Video below
Effects of Sovereign Government Budget Deficits on Saving, Reserves and Interest Rates
Each time the treasury spends or taxes, a complex series of steps is required that involve the treasury, the central bank and private banks. The central bank and the treasury develop such procedures to ensure that government is able to…
Markets Cautious Amid Hopes for the Policy Bazooka
G20 Finance Ministers said they expect decisive action on 10/23; dollar pares back some recent losses. Markets likely to remain focused on Europe this week with Greek austerity vote and EU summit. EM markets this week focus on rate…
Is it Over Yet?
It was telling that, just as the ECRI and other notable research outfits decided to push the recession button on the US economy, the data flow became notably more positive. This could be a sign of the times, that the cycle is just too…
News Links 10/16/2011
All Blacks back where they belong - The Irish Times - Sun, Oct 16, 2011 tags: sports Les…
News Links 10/15/2011
G20 ministers to back big bank capital surcharge | Reuters tags: banks regulation…