eelmine koordineeritud intresside alandamine toimus vist kell 13 CET kui õigesti mäletan.
Kui praegune areng jätkub, siis omab varsti eraiskutest hoiustajad terve maailma. Nemad on ainukesed kes on kindlustatud. Aktsionäride aktsiad ja ettevõtete pangakontod squeezitakse nullini.
Iroonia on selles, et paar aastat tagasi tundus, et varsti omab private equity terve maailma.
Ühesõnaga, keskpangad sekuvad päris varsti jälle.
Iroonia on selles, et paar aastat tagasi tundus, et varsti omab private equity terve maailma.
Ühesõnaga, keskpangad sekuvad päris varsti jälle.
Nov. 3 (Bloomberg) -- The collapse of Iceland's three biggest banks may force sellers of credit-default swaps on the lenders to settle contracts at as much as 97 cents on the euro.
The size of the payout will be determined at auctions this week, with contracts on Landsbanki Islands hf, the nation's second-biggest bank, the first on the block tomorrow. Icelandic bank bonds are trading at 3 to 5 cents on the euro, according to Bill Blain, a broker at KNG Securities in London.
Iceland's financial regulator took control of Landsbanki, Kaupthing Bank hf and Glitnir Banki hf after they couldn't secure short-term funding last month. The seizures triggered credit- default swaps on the banks' combined 43 billion euros ($55 billion) of debt and prompted the auctions by the International Swaps and Derivatives Association, the first of their kind in Europe.
``Given where bonds are trading, we should expect recoveries to be close to nothing,'' said Tim Brunne, a Munich-based credit strategist at UniCredit SpA. ``As we have seen in previous auctions, recoveries have been below bond prices.''
The size of the payout will be determined at auctions this week, with contracts on Landsbanki Islands hf, the nation's second-biggest bank, the first on the block tomorrow. Icelandic bank bonds are trading at 3 to 5 cents on the euro, according to Bill Blain, a broker at KNG Securities in London.
Iceland's financial regulator took control of Landsbanki, Kaupthing Bank hf and Glitnir Banki hf after they couldn't secure short-term funding last month. The seizures triggered credit- default swaps on the banks' combined 43 billion euros ($55 billion) of debt and prompted the auctions by the International Swaps and Derivatives Association, the first of their kind in Europe.
``Given where bonds are trading, we should expect recoveries to be close to nothing,'' said Tim Brunne, a Munich-based credit strategist at UniCredit SpA. ``As we have seen in previous auctions, recoveries have been below bond prices.''
SEBi-Enel vaja silm peal hoida, et ta neil oksjoneil hoogsalt ostma ei kukuks
Bonds caught between supply surge and deflation
By David Oakley and Michael Mackenzie
Published: November 13 2008 19:56 | Last updated: November 13 2008 19:56
For any government looking to raise money in the capital markets in the next few months, there was an ominous development in Germany this week.
A German 10-year bond auction failed – something more or less unheard of until this year – as cash-strapped banks and investors snubbed the government offering.
http://www.ft.com/cms/s/0/9cbf7d56-b1bc-11dd-b97a-0000779fd18c.html
By David Oakley and Michael Mackenzie
Published: November 13 2008 19:56 | Last updated: November 13 2008 19:56
For any government looking to raise money in the capital markets in the next few months, there was an ominous development in Germany this week.
A German 10-year bond auction failed – something more or less unheard of until this year – as cash-strapped banks and investors snubbed the government offering.
http://www.ft.com/cms/s/0/9cbf7d56-b1bc-11dd-b97a-0000779fd18c.html
Ecuador's Correa May Burn Ally Chavez in Bond Default (Update4)
``If there's a sufficient basis to say we can't pay this illegitimate debt, that's what we'll do,'' Correa said in his radio address, according to a statement posted on the government's Web site. ``That the bonds fall and the country risk rises doesn't hold the least interest for us. Here we'll act for the country and the common good.''
Investor concern has also mounted that Argentina will default for a second time this decade amid the global economic slump and rout in commodities. Argentina's benchmark 8.28 percent dollar bonds due in 2033 trade at 26.25 cents on the dollar, down from 75 cents three months ago, according to JPMorgan Chase & Co.
http://www.bloomberg.com/apps/news?pid=20601086&sid=atFJnJezhoXM&refer=latin_america
``If there's a sufficient basis to say we can't pay this illegitimate debt, that's what we'll do,'' Correa said in his radio address, according to a statement posted on the government's Web site. ``That the bonds fall and the country risk rises doesn't hold the least interest for us. Here we'll act for the country and the common good.''
Investor concern has also mounted that Argentina will default for a second time this decade amid the global economic slump and rout in commodities. Argentina's benchmark 8.28 percent dollar bonds due in 2033 trade at 26.25 cents on the dollar, down from 75 cents three months ago, according to JPMorgan Chase & Co.
http://www.bloomberg.com/apps/news?pid=20601086&sid=atFJnJezhoXM&refer=latin_america
Kas oleme lõpuks seal pöördepunktis, kus USD ja Treasuries hakkavad uskumatutest tippudest kukkuma, kuld, aktsiad jne tõusma...
Viimastel päevadel on 3m US-Treasuries intress olnud 0,0%. Seal oli pöördepunkt.
stefan, 3M US Treasuries tõesti 0, kuid 10 a paberi pealt saab 3,33%. See aga ei ole teps mitte proportsioonis praeguse aktsiate langusega. Ehk siis riigivõla pikem ots võib olla päris hea teema enda mõningaseks hedgemiseks...
/Ma ei usu, et ma riigivõlast räägin!/
/Ma ei usu, et ma riigivõlast räägin!/
Obama pressikonverents täna oli päris huvitav. Tundus, et tal on täitsa ükslõik mis eelarvedefitsiidiga juhtub järgmisel paaril aastal. Oluline on ainult majandus käima panna.
Suurbritannia päris tubli ka:
"The 25.6 billion-pound ($38.8 billion) package over two years will swell the budget deficit to 118 billion pounds in the 12 months through March 2010, Chancellor of the Exchequer Alistair Darling said today. At 8 percent of gross domestic product, the shortfall is the largest since at least 1970 and the biggest among the Group of Seven nations. " (Bloomberg)
"The 25.6 billion-pound ($38.8 billion) package over two years will swell the budget deficit to 118 billion pounds in the 12 months through March 2010, Chancellor of the Exchequer Alistair Darling said today. At 8 percent of gross domestic product, the shortfall is the largest since at least 1970 and the biggest among the Group of Seven nations. " (Bloomberg)
Hakkame pihta:
Fed Commits $800 Billion More to Unfreeze Lending (Update1)
By Scott Lanman
Nov. 25 (Bloomberg) -- The Federal Reserve took two new steps to unfreeze credit for homebuyers, consumers and small businesses, committing up to $800 billion.
The central bank will purchase as much as $600 billion in debt issued or backed by government-chartered housing-finance companies. It will also set up a $200 billion program to support consumer and small-business loans, the Fed said in statements today in Washington.
With today’s announcement, the central bank is starting to use some of the unorthodox policy tools that Chairman Ben S. Bernanke outlined as a Fed governor six years ago. Policy makers are aiming to prevent a financial collapse and stamp out the threat of deflation.
“They’re trying to put funds into the system, trying to unfreeze these markets,” said William Poole, the former St. Louis Fed president, in an interview with Bloomberg Television. “Clearly, the Fed and the Treasury are beginning to take a large amount of credit risk.”
The Fed will purchase up to $100 billion in direct debt of Fannie Mae, Freddie Mac and the Federal Home Loan Banks and up to $500 billion of mortgage-backed securities backed by Fannie, Freddie and Ginnie Mae, the statement said.
Fed Commits $800 Billion More to Unfreeze Lending (Update1)
By Scott Lanman
Nov. 25 (Bloomberg) -- The Federal Reserve took two new steps to unfreeze credit for homebuyers, consumers and small businesses, committing up to $800 billion.
The central bank will purchase as much as $600 billion in debt issued or backed by government-chartered housing-finance companies. It will also set up a $200 billion program to support consumer and small-business loans, the Fed said in statements today in Washington.
With today’s announcement, the central bank is starting to use some of the unorthodox policy tools that Chairman Ben S. Bernanke outlined as a Fed governor six years ago. Policy makers are aiming to prevent a financial collapse and stamp out the threat of deflation.
“They’re trying to put funds into the system, trying to unfreeze these markets,” said William Poole, the former St. Louis Fed president, in an interview with Bloomberg Television. “Clearly, the Fed and the Treasury are beginning to take a large amount of credit risk.”
The Fed will purchase up to $100 billion in direct debt of Fannie Mae, Freddie Mac and the Federal Home Loan Banks and up to $500 billion of mortgage-backed securities backed by Fannie, Freddie and Ginnie Mae, the statement said.
kõige halvemate uudiste tooja maailmas on stefan
veel pole kindel kuidas finantseeritakse, aga ilmselt hakatakse treasuries müüma.
Intressispreadid (riik - erasektor) on kokku varisemas lähiajal.
Intressispreadid (riik - erasektor) on kokku varisemas lähiajal.
Ma arvan, et Euroopa Liidu riigid pidid homme alavaldama stimulansmeetmeid. Järgmisel nädalal siis suur ECB alandamine, ja kunagi ka midagi sarnast Rootsi keskpanga poolt.
Speluleeritakse et Fed juba ostab treasuruies - ühesõnaga prindib raha
Speluleeritakse et Fed juba ostab treasuruies - ühesõnaga prindib raha
"London Banker responds:
One of the interesting patterns in the events of this year is US banks using margin calls and collateral liquidations to export deflation globally. They appear to coordinate the margin calls, for example, the prime brokers MS, GS and JPM all raised margin by more than double on thousands of hedge funds on 1-2 October while they were simultaneously railroading the TARP through the House. Margin was due two weeks later, coinciding with a massive sell off in quality assets worldwide, especially gold and oil.
The result is deflation overseas much worse than in the US, particularly to emerging economies where liquidity was more concentrated in the few big players and the hedge fund/private equity funds.
As they have forced sell-offs abroad, they repatriate the margin or collateral proceeds, driving up the dollar and inflating the relative performance of US assets."
http://blogs.cfr.org/setser/2008/12/12/has-the-dollar-peaked/#more-4193
One of the interesting patterns in the events of this year is US banks using margin calls and collateral liquidations to export deflation globally. They appear to coordinate the margin calls, for example, the prime brokers MS, GS and JPM all raised margin by more than double on thousands of hedge funds on 1-2 October while they were simultaneously railroading the TARP through the House. Margin was due two weeks later, coinciding with a massive sell off in quality assets worldwide, especially gold and oil.
The result is deflation overseas much worse than in the US, particularly to emerging economies where liquidity was more concentrated in the few big players and the hedge fund/private equity funds.
As they have forced sell-offs abroad, they repatriate the margin or collateral proceeds, driving up the dollar and inflating the relative performance of US assets."
http://blogs.cfr.org/setser/2008/12/12/has-the-dollar-peaked/#more-4193
riskiraha tuleks panna puttidesse arvestusega et dow tuleb alla 8000. see on muidugi loterii pilet kuid saatanale tuleb ju võimalus anda.
Dec. 18 (Bloomberg) -- Barack Obama may ask Congress next year to approve a stimulus plan of around $850 billion, an amount that has grown as the U.S. economy sinks deeper into recession, an adviser to the president-elect said.
Kui juba USA presidentidele jutt läks, siis tasub meelde tuletada, kuidas USA kolmas president Thomas Jefferson proovis vastu võidedlda erapankade tekkele. Oma kirjas rahandusministrile 1802. aastal kirjutas Jefferson järgmist:
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.
Thomas Jefferson (Letter to the Secretary of the Treasury Albert Gallatin)
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.
Thomas Jefferson (Letter to the Secretary of the Treasury Albert Gallatin)
Reuters: IMF head worried about lack of fiscal stimulus
LONDON (Reuters) - International Monetary Fund chief Dominique Strauss-Kahn said a lack of fiscal stimulus by governments to tackle the global slowdown may make a bad 2009 even worse, according to an interview released on Sunday.
Strauss-Kahn told BBC radio that the IMF may need to cut its next economic growth forecasts, due in January, referring to "2009 as really being a bad year."
"I'm specially concerned by the fact that our forecast, already very dark ... will be even darker if not enough fiscal stimulus is implemented," he said in an interview.
The IMF has called for fiscal stimulus -- higher government spending and temporary tax cuts -- worth $120 trillion, or 2 percent of global annual economic output, to fill the gap caused by slumping private demand following the credit crunch.
Britain has announced fiscal stimulus worth around 1 percent of output, and despite "disturbing" level of public debt, Strauss-Kahn said more public borrowing would be the lesser of two evils.
"The question of having social unrest has been highlighted by journalists and I can understand that, but it's only part of the problem," he said. "The problem is that all the whole society is going to suffer."
LONDON (Reuters) - International Monetary Fund chief Dominique Strauss-Kahn said a lack of fiscal stimulus by governments to tackle the global slowdown may make a bad 2009 even worse, according to an interview released on Sunday.
Strauss-Kahn told BBC radio that the IMF may need to cut its next economic growth forecasts, due in January, referring to "2009 as really being a bad year."
"I'm specially concerned by the fact that our forecast, already very dark ... will be even darker if not enough fiscal stimulus is implemented," he said in an interview.
The IMF has called for fiscal stimulus -- higher government spending and temporary tax cuts -- worth $120 trillion, or 2 percent of global annual economic output, to fill the gap caused by slumping private demand following the credit crunch.
Britain has announced fiscal stimulus worth around 1 percent of output, and despite "disturbing" level of public debt, Strauss-Kahn said more public borrowing would be the lesser of two evils.
"The question of having social unrest has been highlighted by journalists and I can understand that, but it's only part of the problem," he said. "The problem is that all the whole society is going to suffer."