Thursday, March 12, 2015

Economic News and Views ( March 12 , 2015 ) - Euro crashes through 1.05 to USD , Greece still the word , Ukraine has a new debt slavery program with the IMF , South Korea cuts rates ( becoming Central Bank number 24 to do so - just this year ) , China massive local government debt should scare the socks off folks , Japan master class in manipulations in view , gold becoming that mere relic that certain folks claimed it was ?


Tweets...



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21 minutes ago
Teleconference btwn and the today to discuss ELA



 


29 minutes ago


State employees' pension fund notifies Labour Ministry it won't be able to pay any dividend to pensioners beyond March ~



 


16 minutes ago
's Coeure: Average maturity of bonds bought by is 9 Years. 's 30yr yields drop to record low.






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18 minutes ago
Executive member of Cyprus Central Bank resigns accusing Governor of blackmailing MPs with their loans







 · 14 minutes ago

They get bang for their bucks. 's Coeure say ECB has bought €9.8bn in 3days under QE program.





 · 39 minutes ago

Time for a short squeeze: bounces back above $1.06 after 12yr low of $1.0495.






 · 43 minutes ago

Crazy Dollar: Dollar Index DXY briefly hits 100 in early trade for first time since 2003. Now retreats from 12yr high







 · 3 hours ago


The Daily Shot; March 12, 2015: Global Macro Currents -



 · 5 hours ago


Chart: 6 months of currency declines against USD; JPY: -11.9%, CAD: -13.4%, AUD: - 16.0%, EUR -18.5% -






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 13 minutes ago
The EUR fell closer to parity with the USD yesterday, chart





 · 16 minutes ago


IMF new 4y programme for Ukraine has "debt operation" as "key consideration to proceed with the first program review"



 Edward Hugh retweeted
 · 1 hour ago

| BOK unexpectedly cuts to record low ...down, down, deeper & down...








 Peter Spiegel retweeted
 · 1 hour ago


Varoufakis on Mega: Schäuble told me I lost the confidence of the German government. I told him I never had it





 · 1 hour ago


may post longest losing run since 1998 on ‘Crazy’ .






 · 3 hours ago

Crazy Dollar or melting Euro? At current downward pace (56 pips/day) will hit zero on Jul22 this year.






 · 3 hours ago

briefly drops below $1.05 for 1st time since Jan03 as Draghi snaps up bonds. Now $1.0511






 · 3 hours ago


Korea Hops on Rate-Cut Bandwagon With Move to Record Low. BOK is 24th cenbank that has cut rates this year.





 · 3 hours ago


Currency Carnage Continues In Asia, EURUSD 1.04 Pushes DXY Over 100

 zerohedge
View this content on zerohedge's website

Currency Carnage Continues In Asia, EURUSD 1.04 Pushes DXY Over 100

As the world's dollar funding shortage continues to unwind, EURUSD has re-collapsed to a 1.04 handle in the Asia session and dragged The USD Index above 100 for the first time since 2003. This is now...
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 Frances Coppola retweeted

 · 3 hours ago


Greek WWII claims must "be understood in context of some of the worst atrocities committed by the Wehrmacht anywhere"









 zerohedge retweeted

 · 5 hours ago

BREAKING: Gisele Bundchen demands to be paid in dollars.






 · 6 hours ago


China's Latest Spinning Plate: 10 Trillion In Local Government Debt


 zerohedge
View this content on zerohedge's website

China's Latest Spinning Plate: 10 Trillion In Local Government Debt

China is in the midst of attempting to help local governments refinance a mountain of debt, some of which was accumulated off balance sheet via shadow banking conduits at relatively high rates....
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 · 6 hours ago


As a reminder, the BOJ stepped in to stabilize the market 143 times, with 76% of interventions to prevent selling

 zerohedge
View this content on zerohedge's website

How The BOJ Stepped In 143 Times To Send Japanese Stocks Soaring

Since 2010, The Bank of Japan has 'openly' - no conspiracy theory here - been a buyer of Japanese stock ETFs. Their bravado increased as the years passed and Abe pressured them from their independe...
View on web






 · 12 hours ago


Anders Aslund on the new IMF loan to





 · 14 hours ago


Essentially, Düsselhyp is a German bank with more exposure to the Hypo Group Alpe Adria than capital. Rating: c (one above default)





 · 14 hours ago


If you don't know what Düsselhyp is, you might want to check it out. report (in German):




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