Tag Archives: Banks

Swan Lake – June 26

The Global Macro Monitor defines “macro swan” as any global macroeconomic or financial event with the capacity to spill over into world markets causing risk aversion and lower asset prices.  – GMM The fish weren’t biting on Swan Lake today.   The … Continue reading

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Key Digit From Bank Earnings: Punk Loan Growth

Looks like our priors were correct.  The tax cut is morphing into nothing more than a financial engineering game.   The economics of corporations or the macro have not changed. Random thought:  We hear much about how the corporate tax cut … Continue reading

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How losses on Greek banks might be distributed – FT

Greek banks are in a perilous state. Parliament has introduced an EU tool aimed at sharing the pain in a failing bank and avoiding its collapse. Oliver Burrows of CRT Capital explains how this would work and whether it could … Continue reading

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Greek banks in a pickle – FT

Greek bank shares fell by up to 25 per cent on Thursday after the European Central Bank’s latest move on funding. Lex’s Robert Armstrong and Oliver Ralph discuss the volatile pickle that Greek banks find themselves in. For more video … Continue reading

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US Treasuries: If it can happen here . . .FT

Yields on US Treasuries experienced one of their biggest intraday moves in years on Wednesday. Lex’s Robert Armstrong and Joseph Cotterill discuss whether banks are right in arguing that regulation has hurt liquidity. Make better investment decisions with Lex http://www.ft.com/lexContinue reading

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The benefits of getting rid of cash – Economist

The Economist explains: technology like digital wallets and electronic payments are becoming more accessible. So do we even need coins and notes any more? For more video content from The Economist visit our website: http://econ.st/1vJDt98   (click here if video … Continue reading

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Still Panda Bears

The FT video below  does good job explaining China’s continued addiction to debt. This is why we remain bears on China even as the recovery in the country’s manufacturing sector accelerates (apparently). Monetary policy and the financial sector are still … Continue reading

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Weekly Eurozone Watch – ECB Cuts

Key Data Points German 10-year Bund 3 bps higher; France 5 bps wider to the Bund; Belgium 7 bps tighter; Ireland 25 bps tighter; Italy 27 bps tighter; Spain 27 bps tighter; Portugal 40 bps tighter; Greece 165 bps tighter; … Continue reading

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Weekly Eurozone Watch – Equity Ramp

Key Data Points German 10-year Bund 4 bps lower; France 1 bp tighter to the Bund; Belgium no spread change; Ireland 6 bps tighter; Italy 12 bps tighter; Spain 30 bps tighter; Portugal 15 bps tighter; Greece 4 bps tighter; … Continue reading

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Weekly Eurozone Watch: The Devil Wears Prodi

Key Data Points German 10-year Bund 1 bp lower; France 1 bp tighter to the Bund; Belgium 2 bps tighter; Ireland 11 bps tighter; Italy 10 bps tighter; Spain 6 bps tighter; Portugal 24 bp tighter; Greece 13 bps wider; … Continue reading

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