MF Global – "I've got a new invention. It's a revolving bowl for tired goldfish."

Record Month For Bond Holders

Bond managers have recovered record profits in the past month. See attached charts, courtesy of Jpm:

Europe’s Besieged Banks, Relief….MF Global & Greece’s Ejection

EU banks have received a short period of relief from the unpleasant sovereign debt crisis of the GIIPS. As bank shares recovered from political efforts to provide a comprehensive program for resolving the crisis. The recent 29% writedown on Greek debt held by the private sector and a plan to help support bank racapitalisation byContinue reading “Europe’s Besieged Banks, Relief….MF Global & Greece’s Ejection”