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Disgruntled dissembling


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w?s=%5EAORD

 

 

All Ords slumped -0.8% for the day but tell you what, the small caps are up and racing on BIG volumes. Miners -1.6% came back the most with Telecomms +0.9% the best off among the (few) greens.

 

Mixed in Asia: China +0.4%, Honkers -0.6%, India +0.2% and Nikkers -0.3%.

 

 

On to UK/Europe:

 

 

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ECB finally accepts to take pretty much anything as collateral

 

"The key then really for the ECB was the announcement that the eligibility criteria that national central banks will accept for loans had been expanded yet again - as they will now accept credit claims."

 

http://www.ibtimes.com/articles/295980/20120209/ecb-further-loosens-collateral-criteria.htm

 

http://ftalphaville.ft.com/blog/2012/02/09/875431/here-be-draghi-on-ecb-collateral/

 

"Collateral List

 

If some central banks choose not to implement the initiative, which ECB President Mario Draghi said should be ready in time for the next three-year refinancing tender on Feb. 28, it would delay the process of harmonizing eligibility rules under the so-called “Single List” of collateral that can be pledged across the currency bloc."

 

http://www.businessweek.com/news/2012-02-08/ecb-loan-collateral-plan-said-to-be-avoided-by-some-euro-members.html

printing-euro-banknotes-thumb14955660.jpg

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