Phew…
The Dow Jones is back in positive territory for the year, after rising to about 11,669 at pixel time on Wednesday morning, according to Bloomberg. It closed around 11,577 at the end of last year....
Stylised facts from Bob and Kevin
Bob ‘the Bear’ Janjuah and sidekick Kevin Gaynor are ready for a new school year at Nomura.To help prepare, the strategists have compiled a smorgasbord of “stylised facts”...
Euro splurge!
Have you heard about this new euro daaaahling? Is great. Lets buy thingz with it!Yes, that’s our best euro-trash impression.And we bring it up because the first chart above —...
Snap news
Breaking pre-market news on Wednesday,- Tesco to sell Japan business – statement.- IFG confirms approach from Bregal Capital, releases half-year results – statement,...
Dear ESMA … about those Greek debt impairments
From Tuesday’s FT — some letter-writing:Some European financial institutions should have taken bigger losses on their Greek government bond holdings in recent results announcements,...
Anyone for some non-government debt eurobonds?
A “modest eurobond proposal,” courtesy of Deutsche Bank.It’s meant to bypass some of those pesky EU Treaty issues, while overcoming the so-called ‘free rider’...
Inter-company, intra-state Chinese lending
Here’s an on-the-ground update of a Chinese practice with some Japanese origins.It’s what China expert Michael Pettis compared to the zaiteku undertaken by Japanese...
Pink picks
Comment, analysis and other offerings from Tuesday’s FT,Gideon Rachman: 2011, the year of global indignationIs there such a thing as a global mood?, asks the FT columnist....
The unintended tightening
Not good, not good at all.From Morgan Stanley’s US rates team on Tuesday:The funding markets had been stressed previously in April-June 2010 due to risks associated with...
The US’s Greece-y new debt dynamics
Some debt doom and gloom from Independent Strategy’s Bob McKee…… a man who, quite literally, wrote the book on sovereign debt crises.He notes that the...
How Andy Haldane gets his haircut
It’s no coincidence that with the shift to central clearing looming on the horizon, the Bank of England’s director for financial stability is talking about this subject....
