Mies van der Rump Posted September 18, 2008 Report Share Posted September 18, 2008 Crapvision: MS and WB formally enter merger talks. Link to comment Share on other sites More sharing options...
astral mike Posted September 18, 2008 Report Share Posted September 18, 2008 NYMEX OIL back above the $100 handle. Link to comment Share on other sites More sharing options...
astral mike Posted September 18, 2008 Report Share Posted September 18, 2008 $50 Billion repo Link to comment Share on other sites More sharing options...
TrendRider Posted September 18, 2008 Report Share Posted September 18, 2008 THREE-MONTH DOLLAR LIBOR OIS SPREAD 150.02 BPS, VS 134.25 BPS ON WED, WIDEST SINCE CREDIT CRISIS STARTED LAST YEAR Â Â That is ENORMOUS. High of BSC blowup was in 80's I believe. Â Â Â THREE-MONTH DOLLAR LIBOR FIXED AT 3.20375 PCT <USD3MFSR=> VS 3.0625O PCT WED Â This is like an almost 50bps rate hike. Â OVERNIGHT DOLLAR LIBOR FIXED AT 3.84375 PERCENT <USDONFSR=> VS 5.03125 PCT ON WED - BBA Link to comment Share on other sites More sharing options...
TrendRider Posted September 18, 2008 Report Share Posted September 18, 2008 MS in talks with WB   Like two huge sponges competing for the same depleting cash  Two drunks holding eachother up....  Hey, its the new "moral hazard" trade....get as big as you can to enter "systemic risk" size..... Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 18, 2008 Report Share Posted September 18, 2008 GS & MS giving back that last second pop into the close yesterday. GS -9.05 MS - 2.21 Link to comment Share on other sites More sharing options...
DrStool Posted September 18, 2008 Report Share Posted September 18, 2008 Surely the central banks must be tapping into thieir $US reserves. ECB/BOJ/UK/Canada/ et el can't just print $US dollars. 690060[/snapback] Â Â That's what these currency swaps are for. It's $180 billion on top of the $67 billion already outstanding. They started with $25 billion as a joint program with the TAF. It keeps expanding, but the Fed keeps drawing down the SOMA as an offset, which kills the US market. Direct relationship. Unless the Fed prints the money, which so far they have refused to do, it's extremely bearish. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 18, 2008 Report Share Posted September 18, 2008 MS in talks with WBLike two huge sponges competing for the same depleting cash  Two drunks holding eachother up....  Hey, its the new "moral hazard" trade....get as big as you can to enter "systemic risk" size..... 690068[/snapback]  Someone should let these guys know that 2 companies with "negative" cash does not make it "positive". Link to comment Share on other sites More sharing options...
Lemur Posted September 18, 2008 Report Share Posted September 18, 2008 Guys at FSO going through the logic they are using for the $5000 gold argument.  http://financialsense.com/Market/wrapup.htm  Still sticking to their REFLATION guns. Link to comment Share on other sites More sharing options...
T_Slim Posted September 18, 2008 Report Share Posted September 18, 2008 I don't know if this headline was mentioned on m2m or even if it was available, but I had to mention it again if not: Bloomberg, "Bush Absent on Financial Crisis as Paulson Leads" Â Monkey boy letting the terminator run thangs . . . he's in the oval office cowering in fear. Link to comment Share on other sites More sharing options...
laz_the_hun Posted September 18, 2008 Report Share Posted September 18, 2008 "us federal funds trade @ 2,5%, above 2% target rate after the FED repo operations". reuters. what do you think the implications of this are, if there is any at all? Link to comment Share on other sites More sharing options...
Trader Joe Posted September 18, 2008 Report Share Posted September 18, 2008 That dick McCulley wants the Fed to buy MBS for its own account....let me guess Paul, you and Bill would be happy to sell them yours, correct? Â Hah! Â Joe Kernan just callled him out, "whats the deal Paul, do you have a bunch of these you're trying to sell?" Â McCulley didn't appreciate the comment. Link to comment Share on other sites More sharing options...
potatohead Posted September 18, 2008 Report Share Posted September 18, 2008 =DJ Bank Of China To Take Stake In Edmond De Rothschild - Source  By Nicolas Parasie Of DOW JONES NEWSWIRES   PARIS (Dow Jones)--Bank of China Ltd. (3988.HK) and La Compagnie Financiere Edmond de Rothschild, an independent French bank, will later Thursday unveil a partnership, a person familiar with the situation said.  Under the partnership, Bank of China is expected to take stake in the French bank, the person said.  Compagnie Financiere Edmond de Rothschild, the French arm of the LCF Rothschild Group headed by Baron Benjamin de Rothschild, is active in asset management and corporate advisory services.  It also has operations in Italy, Israel and China. The LCF group manages over EUR100 billion in assets, about a third of which by the French branch, according to the group's Web site.  Earlier this year, Societe Generale SA's (13080.FR) private bank teamed up with Rockefeller Financial Services, buying a 37% stake. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 18, 2008 Report Share Posted September 18, 2008 a 110 point move on gold in 1 day is a lot. Let's not get too ahead of ourselves just yet. 890-900 zone seems heavily guarded. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 18, 2008 Report Share Posted September 18, 2008 Wondering if we'll fill that gap today on GDX. Link to comment Share on other sites More sharing options...
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