Snapshots Of Dysfunction In A Fiat Money World
By Jeffrey Snider, CIO, Atlantic Capital Management of Florida: In a world awash with digital fiat money, this constant need for liquidity measures is sometimes hard to reconcile with the sheer amount of digital monetary units created in the months since October 2008. But real liquidity is far more than quantity. When the banking world .. read more
On June 24th, 2012,
posted in: Currencies, Federal Reserve/Monetary Policy, Markets by Joseph Y. Calhoun Tags: Bank of England, ecb, federal reserve, LIBOR, ltro
Spanish yields, very encouraging
This morning, yields on Spanish bonds are at their lowest level since March (see chart below). Spain just held a strong auction, where it sold twice as much debt as it planned. The rally is spreading across Europe. Short-term yields are plunging. Very bullish action. While the Bank of England holds rates unchanged and continues with quantitative easing .. read more
On January 12th, 2012,
posted in: Investing, Markets by Marcelo Perez Tags: Bank of England, European Sovereign Debt, quantitative easing. yields
