zerohedge.com / by Tyler Durden / 10/21/2014 08:08 -0400
Precisely half an hour ago, we mocked the overnight Reuters trial balloon about ECB corporate bond buying, whose only purpose was to send futures higher, when not only did we question the credibility of the report based on “one person familiar with the work inside the [...]
zerohedge.com / by Tyler Durden / 10/21/2014 07:33 -0400
As commented previously, the reason for today’s 30 point rip in emini futures from the lows hit just 4 hours ago, was a test of the ECB emergency BTFD service, today provided courtesy of Reuters which, just after the European close, gave what is ever more [...]
zerohedge.com / by Tyler Durden / 10/21/2014 06:41 -0400
Another day, another central bank sticksave.
Moments after Europe’s open, when once again the equity futures complex was threatening to break the upward trendline, after USDJPY took out stops and sliding below 106.3, pushing bonds both in Europe and the US to intraday highs, and [...]
zerohedge.com / by Tyler Durden / 10/20/2014 09:41
As futures opened last night, it was all looking so bright as the ‘rebound’ extended and every knife-catching “in it for the long-run” manager was proved ‘right’. Then Eric Rosengren pissed in the punchbowl – explaining QE will end in October “unless somethinh dramatic happens” [...]
zerohedge.com / by Tyler Durden / 10/20/2014 08:40 -0400
Draghi, we have a problem. Just as Coeure ‘promised’ the ECB, according to The FT, began its bond-buying program this morning. However, peripheral sovereign bond-buying front-runners banking on the ECB greater fool to offload to are disappointed as they are go no easy money love. The [...]
globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / October 19, 2014
The ECB has been concerned about falling consumer prices. I propose that’s 100% stupid, yet that’s the concern.
When the euro declined vs. the US dollar, the ECB was happy that inflation would inch back up. The fear now is that falling oil prices will [...]
Marjory Collins Carpool for 3rd shift defense workers, midnight, Baltimore April 1943
theautomaticearth.com / by Raúl Ilargi Meijer / October 17, 2014
Da markets today sort of refound their – shaky – feet, oil up a dollar, EU exchanges up 3% or so, Greece even over 7%, while interestingly gold didn’t move much at [...]
zerohedge.com / by Tyler Durden on 10/17/2014 11:05
Several days ago we were confused why, out of the blue, a €1 billion loan BWIC appeared that was dumping German non-performing loans. After all, the whole point of the European “recovery” fable to date has been to deflect all the attention from the “pristine” German banks, [...]
zerohedge.com / by Tyler Durden / 10/17/2014 09:27
The ECB may not release its minutes to the public (opting instead to keep these secret for 30 years) at least for now, but earlier today a transcript of its internal deliberations was made public by the NYT, which revealed how the ECB governing council once again [...]
zerohedge.com / by Tyler Durden / 10/17/2014 06:53 -0400
Yesterday it was the Fed’s latest intervention in capital markets, when shortly after yet another ghastly open, the Fed’s Bullard added some PPTness to stocks when he first said that the Fed “should delay in ending QE“, only to backtrack several hours later he said [...]
zerohedge.com / by Tyler Durden / 10/16/2014 08:16 -0400
Forward inflation expectations for Europe have collapsed to all-time record lows (based on 5Y forward implied 5Y inflation) as the market grows increasingly impatient at Draghi’s dragging his “whatever it takes” feet on pulling the sovereign QE trigger.
With 8 European nations now in outright [...]
San Francisco Fed president John Williams (Photo credit: Tony Avelar | Bloomberg | Getty Images)
acting-man.com / Pater Tenebrarum / October 15, 2014
You Can’t Be Serious …
Yesterday we came across this brief note on Marketwatch about an interview San Francisco Fed president John Williams gave to Reuters. We already pointed out in [...]
armstrongeconomics.com / by Martin Armstrong / October 15, 2014
The storm brewing in Europe with the European Central Bank (ECB) is its plan to buy bad debt from banks in the version of stimulating the economy. Of course this is indirect and will never save Europe – but it may tear it apart. The ECB [...]
jessescrossroadscafe.blogspot.com / 14 OCTOBER 2014
Here is a chart comparing the Balance Sheet Assets of the Fed and the European Central Bank.
It is important to recall that the Fed has been providing extensive funding to non-US, largely European, multinational Banks through their US subsidiaries.
This also does not compare the sovereign debt of the [...]
zerohedge.com / by Tyler Durden on 10/13/2014 19:03
While today’s market dump was certainly dramatic, it was a function of the scant liquidity in the market (as we warned would be the case first thing) and outsized moves following last week’s mauling, not the result of any fundamental (or not so fundamental) news.
That could [...]
blog.milesfranklin.com / Andrew Hoffman / October 13th, 2014
It’s Monday morning and the New York Fed’s new “Chicago office” has been busy all night attempting to reverse the expanding collapse of global financial markets. Their pitiful efforts are attempting to mask the gaping wound of global economic collapse; and thus, whether they can will the [...]
blog.milesfranklin.com / Bill Holter / October 13th, 2014
Very interesting times we now live in, the financial system is running out of options very quickly and “blowing up the world” seems to be the only final option. I know, this sounds grandiose and dire but let me explain.
This past week we finally saw some [...]
wolfstreet.com / by Wolf Richter / October 12, 2014
It was a crummy week for the world’s major stock markets:
One, volatility came roaring back. Forget complacency. People are still rubbing their necks from whiplash.
Two, the Fed hype-effect fizzled. The publication of the FOMC minutes – designed to pump up markets with their [...]
zerohedge.com / by Tyler Durden on 10/12/2014 12:44
The war of words between Europe’s unelected monetary-policy dictator Mario Draghi and Germany’s “but it’s us that pays for all this” Bundesbank has been gaining momentum since Jens Weidmann penned his Op-Ed slamming Draghi’s OMT ‘whatever it takes’ as “too close to state financing” in 2012. A [...]