Thursday, December 25, 2014

Christmas Financial / Economy Round up ( December 25 , 2014 ) - Japan , Russia , China and Shale Oil In Focus !



Tweets.....



Japan....






BOJ MEMBERS: EXPECT JAPAN GOVT TO PROMOTE SUSTAINABLE FINANCES. Such as 100% debt monetization



Here is the story on this - Japan 10-Year Yield Falls to Record on Outlook for BOJ Purchases







Chart: JGB yield collapse continues, with the 10yr now below 32 basis points -





Russia ....















Russia’s international reserves fall below $400 billion to 5-year low
MOSCOW, December 25. /TASS/. Russia’s international reserves fell by $15.7 billion in the week of December 13-19 to $398.9 billion, the Central Bank of Russia reported on Thursday.
During the previous week (December 5-12) the reserves fell by $1.6 billion.
Russia’s international reserves have fallen below the $400 billion mark for the first time since August 2009.





Russia’s VTB Bank, Gazprombank may get aid from Welfare Fund by yearend — official Official support


MOSCOW, December 25. /TASS/. Russian lenders Gazprombank and VTB may receive aid from the National Wealth Fund until the end of 2014, Deputy Finance Minister Alexey Moiseyev told reporters on Thursday.
***

VTB earlier asked the government for 250 billion rubles ($4.8 billion) subordinated loans and Gazprombank for 100 billion rubles ($1.9 billion) financial aid.




















Russia’s inflation to hit 11.5 % this year — finance minister







Beijing says Russia is able to overcome economic crisis itself, China ready to help





Russian government to issue 9-bln-rouble guarantee to Transaero airlines








China ....



China's Christmas Present To The World: Beijing Eases Again, Sets Non-Bank Deposit Reserve To Zero








It's time to pour one out for China's shadow-banking boom:




Tighter Government Rules, Jump in Stock Market Curb Informal-Lending Sector in China






So much for Helicopters dropping cash....



UPDATE: HK$4.8m recovered of missing HK$15m cash spilled from security van on Christmas Eve










Shale Oil....








Background: Have read that total volume of derivatives based on shale oil companies is 5x that on subprime mortgages in 2007.







Economically literate people - What do you make of claims shale oil bubble is the new subprime bubble? With $60 oil can it cause new crisis ?





















Make No Mistake, The Oil Slump Is Going To Hurt The US Too