February, 2011
Japan’s silver linings
For Japan, at least, there was a silver lining to Egypt’s gargantuan cloud, which swept the media fall-out from last week’s S&P’s downgrade of Japan’s debt rating right off the front pages.
Another glittering lining emerges from the downgrade itself,
A conspicuously absent ECB
What can one read into the fact that the European Central Bank suspended its purchases of (mostly peripheral) eurozone government bonds last week?
Following Monday’s stronger-than-expected eurozone inflation figures,
Aladdin’s synthetic CDO lawsuit
There are two nominations that go along with this post. One is for headline of the year; the other is the award for worst (synthetic) CDO ever made, quite possibly.
From Reuters on Tuesday:
German
Further reading
Elsewhere on Tuesday,
- Commodities and shorting human ingenuity.
- Renminbi internationalisation or Hong Kong’s Sino-fication?
- What the Egypt crisis means for your money.
- The weak heart of economics.
Pink picks
Comment, analysis and other offerings from Tuesday’s FT,
Richard Dobbs & Michael Spence: The era of cheap capital draws to a close
Even as brewing currency wars threaten full-blown trade conflicts,
Snap news
Breaking pre-market news on Tuesday,
- Deutsche Bank warns Q4 profits will be significantly below expectations — statement.
- BP rejoins dividend list with Q4 payment of 7 cents a share ; to sell half of its US refining capacity – statement and statement.