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Total Derivatives Decline By 3% In Q2 To Only $691 Trillion
Who says macroprudential regulation doesn't work: according to the BIS, notional amounts of outstanding OTC derivatives contracts fell by 3% to "only"$691 trillion at end-June 2014. This is also...
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"Riddles" Surround 36th Dead Banker Of The Year
52-year-old Belgian Geert Tack - a private banker for ING who managed portfolios for wealthy individuals - was described as 'impeccable', 'sporty', 'cared-for', and 'successful' and so as Vermist...
View ArticleFrontrunning: December 8
Welcome to the recovery: Euro zone warning hits stocks, currency as oil plumbs depths (Reuters)Japan GDP Worse Than Initially Reported (WSJ)China trade data well below expectations (BBC)German...
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Energy Bond Risk Soars To Fresh Record High As Stocks Slump To 20-Month Lows
The S&P 500 Energy sector stocks are down over 12% year-to-date, tumbling over 3% today to fresh 20-month lows. The spread (or risk) of high-yield energy credits surged again today, breaking above...
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NIRP Arrives In The US: TBTF Banks Tell Customers To Move Their Cash Or Be...
Back in June, the world was speechless when Goldman's head of the ECB, Mario Draghi, stunned the world when he took Bernanke's ZIRP and raised him one better by announcing the ECB would send deposit...
View ArticleFrontrunning: December 9
China’s Stocks Sink Most Since 2009 as Turnover Jumps to Record (BBG)Greek Stocks, Bonds Tumble (WSJ)China tightens LGFV funding screws (BBG)Crude Rebounds From Five-Year Low Amid Shale-Oil Spending...
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European Banks At Risk Of Bail-Ins In 2015 - Moody's and S&P Warn On Bail-Ins
European Banks At Risk Of Bail-Ins In 2015 - Moody's and S&P WarnEurope's banks are vulnerable in 2015 due to weak macroeconomic conditions, unfinished regulatory hurdles and the risk of bail-ins...
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Deutsche Bank Is Stumped: The Broad Market Is Ignoring The Bear Market In...
First the BIS came out with the following stunner when discussing markets: "The highly abnormal is becoming uncomfortably normal. Central banks and markets have been pushing benchmark sovereign yields...
View ArticleFrontrunning: December 10
New Normal headlines: Global stocks up on hopes of China policy easing (Reuters)China inflation eases to five-year low (BBC)U.S. Lawmakers Agree on $1.1 Trillion Spending Bill (WSJ)U.S. Braced for...
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For Anyone That Still Believes Collapsing Oil Prices Are Good For The Economy
Submitted by Michael Snyder via The Economic Collapse blog,Are much lower oil prices good news for the U.S. economy? Only if you like collapsing capital expenditures, rising unemployment and a...
View ArticleCentral-Bankers Have Their Hands Full As 30 Year Yield Falls Below 2014 Lows
Not quite as many fireworks overnight, in another session dominated by central banks. First it was revealed that China had injected CNY400 billion into the banking system to add liquidity as the...
View ArticleFrontrunning: December 11
Shale operaters Goodrich, Oasis Petroleum cut spending for 2015 as oil slides (Reuters)Greece to hold elections in January if president vote fails (Reuters)Norway’s Shock Rate Cut Drives Krone to...
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Deutsche, Barclays FX Algos Busted For FX Rigging
First it was humans. Now it is vacuum tubes. Having quickly learned that letting carbon-based traders engage in FX (or stock, or bond, or Libor, but not gold, never gold) rigging usually leads to said...
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3 Things Worth Thinking About
Submitted by Lance Roberts via STA Wealth Management,S&P 2300 By May???Well, it is that time of the year again when analysts all across the country begin to roll out their predictions for the...
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WTI Crude Crashes Into The $50s
UPDATE: WTI just hit a $58 handle... Zee overnight stabilitee (and brief dead-cat-bounce this morning) has turned into a renewed bout of selling pressure and for the first time since July 2009, WTI has...
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Duck And Cover - The Lull Is Breaking, The Storm Is Nigh
Submitted by David Stockman via Contra Corner blog,September 15, 2008 is the day that Lehman died and the moment that the world’s central banks led by the Fed went all-in. As it has turned out, that...
View ArticleFrontrunning: December 12
Oil slide hits European stocks, safe-haven assets sought (Reuters)IEA Cuts Global Oil Demand Forecast for 4th Time in Five Months (BBG)Cue constant pro-Abe propaganda out of Japan: Japan’s Secrecy Law...
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What Would Happen "If It Was A Free Market" - Deutsche Bank Explains
As usual, some shockers of truth and Koolaidlessness from Deutsche Bank's Jim Reid whose Credit Outlook 2015: Plate Spinning is a must read.Views (about 2015) On A PageIf it was a free market and...
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Will Oil Kill The Zombies?
Submitted by Raul Ilargi Meijer of The Automatic Earth blog,Oil producer Russia hikes rates to 10.5% as the ruble continues to plunge, while fellow producer Norway does the opposite, and cuts its...
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"This $550 Billion Mania Ends Badly," Energy Companies Are "Shut Out Of The...
"Anything that becomes a mania -- it ends badly," warns one bond manager, reflecting on the $550 billion of new bonds and loans issued by energy producers since 2010, "and this is a mania." As...
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