February 20th, 2012
Metaphors to while the night away
With a long night of Euro-deal watching ahead we thought we would leave you some mixed-metaphors to mull over.
This is from Gabriel Sterne over at Exotix (emphasis his):
Taking negotiations right to the wire is the other side of the coin to brinksmanship;
Dash for trash, Hellenic edition
Amid the bailout suspense, the Athens stock index chugs higher…
Though Societe Generale’s equity quant analysts took a pop at it on Monday:
If the definition of a bull market is a gain of 20%
Hedge funds exit stage left, pursued by bearishness
LONDON—World-renowned news and opinion magazine The Economist announced plans to suspend any new online and print content for the next month in an effort to finally allow subscribers a chance to catch up.
The case for ECB debt certificates
How much will be tapped at this month’s ECB three-year LTRO operation?
Estimates are increasingly being revised lower.
One reason is that there are plenty of indicators to suggest that funding taken at the last operation in December has yet to be invested and that excess liquidity prevails.
Markets Live transcript 20 Feb 2012
Markets Live chat transcript for the chat ending at 12:12 on 20 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT PMHi there PMWelcome PMRefresh
When nobody expects a Chinese RRR cut
On Saturday, China’s central bank cut its reserve requirement ratio (RRR) for the second time in less than three months, a move which was expected — though just not now.
Societe Generale’s Wei Yao earlier this month said a cut was unlikely before March,
Finance for Xboxers
Nice to see that one European bank is not too concerned about the eurozone teetering on the edge of a bail-out-agreement-cum-sovereignty-crisis-slash-civil-uprising:
Saxo Bank executes world’s first base jumping FX trade
Further reading
Elsewhere on Monday,
- This weekend in Greece, China, and Foxxconn.
- Finding your place in Goldman Sachs.
- Is approving financial products FDA-style a good idea?
- Does the Iranian oil flow to China? Are oil prices off to the races? And is it good for the US?
- Comparing pay in private and public sectors,
Pink picks
Comment, analysis and other offerings from Monday’s FT,
Edward Luce: Obama nears his nuclear moment
At the start of Barack Obama’s term, few moments better crystallised America’s change of face than his “New Day” video address to the Iranian people,
Snap news
Breaking pre-market news on Monday,
- Inmarsat reoprts non-payment by LightSquared – statement.
- Bank of Ireland sees mortgage arrears peaking in 2012 – statement.
- Corporate: JJB Sports, CSR,