andreasnewyorkcity

Archive for October, 2011|Monthly archive page

EFSF: “A deal has been reached.”

In Cataclysm, Culture, default, Economic Institutions, Environment, European Union, Financing Reconstruction, Global Economics, ICE Brent Crude oil, macroeconomic factors, Multibillion, price volatility in energy, selective default, spillover effect, Uncategorized on October 27, 2011 at 5:43 am

It appears the EFSF deal has been reached. As expected, it will be 1.4 trillion, by using 400-500% leverage on cash. Write down on Greek debt will be 50% (really 29%). Italy pledges to cut debt gdp ratio to 113% by 2013. The TARP, Euro banks will be funded with 30 billion for recapitalization.
Dow should be up 1k tomorrow.

20111027-003346.jpg

Advertisements

30 yr looking solid

In Economic Institutions, Financing Reconstruction, Global Economics, macroeconomic factors on October 27, 2011 at 4:24 am

U.S. 30-year Treasury bonds resumed their earlier losses today.
Falling as much as 1-5/32 in price. Its yield hit 3.19%, up from 3.14% on Tuesday.

20111027-002402.jpg

Positive about Gold

In Belgian, European Union, Financing Reconstruction, Global Economics, macroeconomic factors on October 3, 2011 at 8:40 pm

“A survival of primitive barbarism, and dates from a time when the appeal of this nice bright metal to human vanity made it in universal demand for the adornment of the chief… his wife, the temples of the gods and so on”
– Hartley Withers @ UK think-tank Chatham House in 1934.

%d bloggers like this: