Daily Archives: April 30, 2010 @ 2:31 pm (Friday)

Chatter About the Fed/ECB CCY Swap Line

This one’s for the bloggers- Dollar swap lines are functionally unsecured loans to foreign govts. that the Fed can do unilaterally. Congress only finds out well after the fact. Last time around they did $600 billion, including lending (unsecured) to … Continue reading

Posted in CBs, ECB |

what is gong on with swap spreads this am?

Fed also re opening swap lines to ECB – looks ready to do more unsecured dollar lending to them and maybe others. They look to be doing what they did last time around to keep libor down – lend unsecured … Continue reading

Posted in CBs, ECB, EU, Fed, Interest Rates | Tagged , |

OPEC April Crude Output Up 25,000 Bbl/Day to 29.19 Mln

No sign the price hikes are coming from demand pressures. It’s just the saudis hiking price, thinly masked by the news headlines and passive commodity buyers they use for ‘cover’ so no fingers get pointed in their direction — Original … Continue reading

Posted in Comodities | Tagged |

It’s not too late for Greece

It remains my contention that Greece can dramatically upgrade its new securities simply by putting a provision in the default section that states that in the case of default the bearer, on demand, can use the securities at maturity value … Continue reading

Posted in ECB, EU, Government Spending | Tagged |

Tea Party Protest Sign

Posted in Exports, Government Spending | Tagged , |