The Curious Case Of Liquidity Traps And Missing Collateral – Part 2

In this second part of my take on liquidity traps and missing collateral in global financial markets I would like to respond to some of the talking points set out by FT Alphaville’s Cardiff Garcia (again in response to the much talked about piece by Credit Suisse). Even though blog posts tend to . . . → Read More: The Curious Case Of Liquidity Traps And Missing Collateral – Part 2

The Curious Case Of Liquidity Traps And Missing Collateral – Part 2

In this second part of my take on liquidity traps and missing collateral in global financial markets I would like to respond to some of the talking points set out by FT Alphaville’s Cardiff Garcia (again in response to the much talked about piece by Credit Suisse). Even though blog posts tend to . . . → Read More: The Curious Case Of Liquidity Traps And Missing Collateral – Part 2

Banking follies in the eurozone

Edward Hugh has a brilliant analysis of recent events in the eurozone and especially how banks are leveraging the liquidity provided by the ECB to “cleanse” their balance sheet of bad assets and essentially exchanging these for freshly minted euro deposits at the ECB. I think we should be very clear what is going . . . → Read More: Banking follies in the eurozone

Negative Gold Lease Rates (again)

If Tom from Metal Augmentor keeps on putting out great stuff like this post on negative lease rates, then I’ll be out of a (blogging) job.

It is heavy going but a comprehensive discussion of the issue with a dramatic speculation that “The selective collateral nature of the tri-party format may force bullion banks . . . → Read More: Negative Gold Lease Rates (again)