Tag Archives: finance

Greece’s banking industry secretly gets €100 billion

bank of greece

Greece’s struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT. This follow reports of a ‘run’ developing on Greek banks last week, which were emphatically denied …

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China can now monetize US debt directly

The Treasury, apparently dissatisfied with the speed of indirect bank and/or Fed-inspired monetization of its exponentially rising debt-load at ever-cheaper costs of funds, decided in June 2011 to allow the Chinese, with their equally large bucket of USDs to bid directly for US Treasuries. As Reuters reports, China can now bypass Wall …

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The “world’s largest prop trading desk” just went bust

JP Morgan Chase

A month ago we warned that JPM’s CIO office is nothing short of the world’s largest prop trading desk. Not only were we right, but what just transpired is just shy of our worst possible prediction. At the end of the day, the real question is why did JPM put in so much …

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The countdown to the break up of the Euro has officially begun

The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being voted out.  In fact, Nicolas Sarkozy has become the 11th …

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“So you wanna be a trader”

For all those who have ever considered becoming a full-time trader, we present the decision-tree for that life-changing choice.   Source: http://www.zerohedge.com/news/friday-humor-so-you-wanna-be-trader

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