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November 11, 2011
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Comment Jim Bianco was on Reuters TV discussing Italy yesterday afternoon. To view the interview click on the image above. To view any of our recent interviews click here. We will be hosting a conference call titled “Now It’s Italy” today at 9AM CT (Register, Handout). <Click on chart for larger image> The Wall Street… Continue reading Now It’s Italy
<Click on chart for larger image> Bloomberg.com – When Markets Are Hostage to Politics It is stunning that the pronouncements of politicians from a country whose gross domestic product is smaller than that of Michigan can instantly create or destroy hundreds of billions of dollars of market value around the world. Yet, despite its obvious… Continue reading When Governments Intervene In The Markets
<Click on chart for larger image> The Financial Times – Primary dealers braced for tougher capital rules The Federal Reserve has stressed that it was not responsible for oversight of the failed broker-dealer but officials at the Fed and Treasury are still concerned by any damage to the reputation of the system for selling US… Continue reading Stricter Rules For Primary Dealers?
<Click on chart for larger image> Reuters – Greeks pull savings from banks as crisis deepens Fearful Greeks have withdrawn savings from banks over the past week because of a deepening political crisis and fear of an exit from the euro, banking sources said on Wednesday. Greeks withdrew as much as 5 billion euros —… Continue reading Greeks Pull Money Out Of Banks
Reuters – Exclusive: French, Germans explore idea of core euro zone German and French officials have discussed plans for a radical overhaul of the European Union that would involve establishing a more integrated and potentially smaller euro zone, EU sources say. French President Nicolas Sarkozy gave some flavor of his thinking during an address to… Continue reading A Core Euro Zone
Bloomberg.com – Clive Crook: Saving the Euro Will Be Easier Than Alternative The question now is whether Europe still has those choices. I seriously doubt it. The euro zone might collapse altogether — currency unions have done so before — but an orderly dismantling is all but impossible to imagine. What politicians have built, you… Continue reading Save The Euro
The Wall Street Journal – Bank Quandary: Valuing the Assets Goldman Sachs Group Inc. and Morgan Stanley, which became bank-holding companies to help them survive the financial crisis, are considering an accounting change that would make them look even more like a traditional bank. The two firms are discussing whether to reduce their use of… Continue reading Goldman & Morgan Stanley Want To Stop Using Mark-To-Market Accounting
The Daily Show with Jon Stewart Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook Comment Jon Stewart compares and contrasts Jon Corzine the politician to Jon Corzaine the MF Global chief.
Conference Call Presentation/Charts of the Week Audio Webcast Topics Covered This Week Include: Are Italian Yields Once Again At The Tipping Point? Italy and the “Blended Rate” France and Spain How Big Is Italy? Leaders Are Going The Wrong Way Economic Forecasts Are Still Coming Down Inflation And Inflation Expectations A Range-Bound Stock Market A Look… Continue reading Conference Call Presentation/Charts of the Week
<Click on chart for larger image> The Wall Street Journal – Exit From Italian Debt Spurs Fears Yields on 10-year Italian bonds rose to 7.12% Wednesday, a high for the euro era, in the latest sign that investors are fast losing faith in the world’s third-biggest sovereign-bond market. Yields might have risen far higher in… Continue reading LCH Clearnet Hikes Margins On Italy
<Click on image above for video> BBC – Italy ‘needs 300bn euro loan to stand still’ The new borrowing cost of 6.64% for Italy has increased fears of the European debt crisis deepening. The country has huge debts, says Louise Cooper of BGC Capital. She said Italy would require 300bn euro of debt relief “just… Continue reading Italy – Running To Stand Still