Basel

Repo Matters

By |2014-07-08T14:47:57-04:00July 8th, 2014|Economy, Markets|

What happens at the quarterly window dressing periods for the domestic banking system (which includes foreign subsidiaries chartered for US business) is essentially a gaming of the leverage ratios. As with everything inside the Basel paradigm, banks make themselves look less risky for their reporting periods. In terms of funding markets, that means massaging short-term liabilities, particularly repo. To do [...]

The Next Phase For Gold

By |2012-08-24T10:42:29-04:00August 24th, 2012|Markets|

Precious metals prices are currently fixed on strikes at mines in S Africa. Potential unrest is pushing PM prices higher. In the current weakening global trade environment, is it possible that an increase in worker unrest upsets the supply of metals at exactly when banks are shifting toward gold? Major disruption to platinum is expected from the current strike and [...]

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