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Tag Archive: ECB


6 Months The Ban on Naked CDS in Europe

Filed under: Economies, Financial Crisis — 1 Comment
April 30, 2013

The FT has recently done a timely article-on the consequences of the EU‘ ban on the naked CDS.

Blythe Masters, painted portrait Credit Defaul...

Investors are buying protection on European banks on the basis that banks and sovereigns are so intimately linked that any increased risk of a sovereign default will increase the value of a bank CDS in a similar way to a sovereign CDS.
“The big downside of the ban is that it is likely to increase borrowing costs for financials,” said Michael Hampden-Turner, Citigroup credit strategist. View full article »

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From Rome With Love

Filed under: Financial Crisis — 1 Comment
March 7, 2013

[The Vatican I, Rome, Italy] (LOC)

Like Jennifer Lawrence‘s fall at the Oscars, unexpected but a chance to shine ‘comedically,’ Italy’s elections have shocked investors but provided attractive entry points to strong international firms, insulated from domestic woes (as well as offer up some funny one-liners from candidates). The possible loss of eagerly anticipated labour reforms, financial restrictions and market contagion provide shorter term sources of turmoil. View full article »

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The Euro Crisis not over

Filed under: Economies, Financial Crisis — Leave a comment
February 19, 2013

Recently Jörg Bibow was interviewed have tried to put the points in English stating that Mario Draghi’s announcement imagespromise of ECB support for government bond markets seems to have calmed fears of an imminent euro breakup, at least for the time being. That does not mean the euro crisis is over though. Not at all, as the underlying problems remain largely unresolved. Liquidity can buy time but it cannot solve the imbalances inside the euro area and related debt overhangs that are the deeper cause behind the euro crisis. It is important in this context that the ECB promise is for conditional support. View full article »

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2012 European Crisis – somebody took the steps

Filed under: Financial Crisis — Leave a comment
December 23, 2012

Mario Monti, the Italian Prime Minister who spared the euro zone’s third-largest economy from all of Dante’s circles of 651345435hell, its sure destiny under his predecessor Silvio Berlusconi. It is another Mario – Mario Draghi, president of the European Central Bank.

Mr. Draghi, who was the Financial Times’s Person of the Year and lauded pretty much everywhere else (eclipsing Canada’s Mark Carney, the next Bank of England governor, if you can believe that) made two bold moves that removed the crisis’s rough edges.

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Europe’s economic crisis deepens. – ECB mulls

Filed under: Financial Crisis — Leave a comment
December 7, 2012

The European Central Bank has slashed its euro zone growth forecasts and warned that recession will drag on into the middle of next year, sending the euro plunging below €1.30 to the dollar.

Mario Draghi, the ECB’s president, said the governing council had discussed a cut in overnight deposit rate to below zero for the first time, and was “operationally ready” to do so if needed.
The comment sent the euro into a nosedive, View full article »

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From the world of Global Financial Markets – Sunday reads

Filed under: Trending Brokers — Leave a comment
October 14, 2012
  • 2012 is making 2011 feel like 2007.
  • JPMorgan changes VaR like a girl changes clothes.
  • What’s the most shocking thing a German tourist can say to a hooker… ‘Can I pay in Euros?”
  • You’re tired of being an analyst? Get over it. Every great porn star had to do a gay scene once or twice just to move up.
  • Climbing Mount Everest is the hardest thing I’ve ever done View full article »
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ECB Bailout Yes/No

Filed under: Financial Crisis — Leave a comment
September 10, 2012

Troika II: Smooch

The SMP is dead! Long live the SMP!

OMT? Surely they could have just called it SMP2

What am I talking about?

It took the ECB a year of endless behind the scenes Machiavellian scheming to restart the SMP (Securities Markets Program) now View full article »

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ECB : Mario I got the Power !! Super Mario (Back to School)

Filed under: Finance Awareness, Financial Crisis — Leave a comment
September 8, 2012

European Central Bank

Hat’s off to Mario Draghi, who may actually be the smartest man in Europe. I know many people will not be fully agree with the action . But trust for the first time, the cup is half-full in the span of last 2 years, Europe has finally abandoned its hopeless strategy of mutual eurobonds backed by fiscal union (piling debt upon debt), and is moving toward the only possible solution: full-scale monetary rescue by the ECB.

Lets try to analyse the good part of it:
First of all, this action embodies  fondest hope, View full article »

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European Banks Shadow Banking in US: (Back to School)

Filed under: Finance Awareness, Financial Crisis — 2 Comments
September 7, 2012

 

European Parliament President Martin Schulz made the following statement in reaction to the European Central Bank‘s decision to initiate the Outright Monetary Transactions programme to lower high borrowing costs of some euro zone countries:

“I welcome the European Central Bank’s decision to launch a programme of sovereign bond purchases under strict conditionality.

This courageous decision is a major step towards resolving the sovereign debt crisis and restoring the stability of the euro zone.

The ECB decision must not be treated as panacea. Its implementation must be accompanied by an active strategy for growth and jobs as well as sound fiscal policies and structural reforms.

A failure to resolve the euro zone’s economic problems will throw more and more people into poverty and undermine their confidence in the European Union.

Just saw it today Gold $1692, View full article »

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The euro crisis may last even 20 years

Filed under: Financial Crisis — Leave a comment
August 20, 2012

The first five years of the global crisis is over, investors flee from complex financial products in gold, silver and

commodities. Experts warn against a false sense of security. I was searching out for the bottom in my last post.

Everything seems perfect. The German stock index DAX has this week reopened the 7,000-point mark with flying colors , the record is missing just one of thousands. Unemployment is at its lowest level in 20 years. Of the two economic troubles, View full article »

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