February 10th, 2012
Further further reading
For the commute home,
- Dude, where’s my national mortgage settlement document? (Via Ryan McCarthy.)
- On recessions and job churn.
- Greek vote seen as a referendum on the euro.
- Earnings season is getting better.
Editorialising, SEC-style
Maybe we are making too much of this, but when the SEC is on its 30th or so figurative lynching related to the Galleon rat case, does it really need to juice up its press releases in the hope of a tabloid pickup?
From the SEC IMMEDIATE RELEASE
From the actual SEC complain,
[AV meets Naked Capitalism] The blogosphere
On Wednesday, FT Alphaville met Yves Smith, proprietor of the blog Naked Capitalism. Ms Smith is the author of the book ECONned: How unenlightened self interest undermined democracy and corrupted capitalism.
US Markets Live transcript 10 Feb 2012
Markets Live chat transcript for the chat ending at 16:00 on 10 Feb 2012. Participants in this chat were: Cardiff Garcia Joseph Cotterill, FT Lisa Pollack, FT CGHello! JCHi there
Reminder: US Markets Live at 10am New York, 3pm London
Greece, the foreclosure settlement, um, Greece… we really have no idea what we’re going to talk about this morning. Watch us wing it at the usual place, starting in a few minutes.
Those haircut-heavy credit claims [updated with more haircuts]
Update — apologies for a rather disorganised (and long) post… but we’ve finally gained information from all seven eurozone central banks who’ll accept additional credit claims under the ECB’s new rules…
Markets Live transcript 10 Feb 2012
Markets Live chat transcript for the chat ending at 11:57 on 10 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT PMMorning PMWelcome to ML PMFriday
Venizelos, uncut
Having been Schäubled late on Thursday, here’s the actual statement issued early on Friday by Greek finance minister Evangelos Venizelos. We’ve emphasised the rousing, emotional stuff…
(Via Google translate;
The EBA bank recap, broken down
No deleveraging because of our recapitalisation exercise, really — or if there is, you’ll hardly notice it. So says the European Banking Authority in a Thursday night release:
(Warning: pie charts follow)
Over three quarters of eurozone bank capital-raising will be about improving the capital side of the capital ratio,
Further reading
Elsewhere on Friday,
– Alex, the leading indicator.
– Greek horror story du jour — superbug.
– …And the spread of the (peripheral debt) fever.
– Bear spotting.
– Time is money/misery…
Pink picks
Comment and analysis from the FT on Friday…
Philip Stephens: A veto worthy of the Brezhnev era
The other day l heard Sergei Lavrov explain Moscow’s backing for Bashar al-Assad’s murderous repression in Syria.
Snap news
Breaking pre-market news on Friday,
– “Citizenship” from Barclays, along with year-end figures – statement
– De Beers reports, Anglo American updates – statement
– P&G plans to halt Pringles sale to Diamond Food – Bloomberg
– Move to take Alibaba.com private in Hong Kong — Reuters
Corporate: