Daily Archives: June 22, 2009 @ 12:03 pm (Monday)

German balanced budget law pending

[Skip to the end] (email exchange) >   On Mon, Jun 22, 2009 at 9:10 AM, wrote: >    >   And reach Wolfgang Munchnau in the FT today. Germany is really going nuts here. >   German sado-fiscalism! >    As he says towards the end, it’s … Continue reading

Posted in Deficit, EU, Germany, Government Spending | Tagged |

Trichet: Eurozone can’t spend any more

[Skip to the end] (email exchange) >   On Mon, Jun 22, 2009 at 4:32 AM, wrote: >    >   ECB President Trichet has warned that governments have no more room >   for taking on more debt, and should now look to start bringing down … Continue reading

Posted in ECB, EU | Tagged |

ECB 1 year term repo

[Skip to the end] This should bring down the term structure of rates at least out to one year, especially if the program is ongoing at this fixed rate. And, operationally, it’s a similarly simple matter to set ‘risk free’ … Continue reading

Posted in ECB | Tagged , |

Fed Repo Facility

[Skip to the end] It is something they want but seems there is no viable plan yet. It is harder than it sounds and what they do come up with if short of a government guaranteed market will have similar … Continue reading

Posted in Fed, Financial Times | Tagged , , |

Fed swap lines continuing to wind down

[Skip to the end] Central bank liquidity swaps (13) 150,282 – 15,574 [top]

Posted in Fed | Tagged |