With the Fed meeting coming up this week and the domestic economy showing signs of slowing, the inevitable QE3 talk is once again front and center. The Fed's latest QE activity, Operation Twist, will be completed at the end of June. During Operation Twist the Fed absorbed all the issuance of …
market update
It’s The Economy, Stupid!
With the Presidential election in the U.S. beginning to heat up, it is natural to forget about elections elsewhere in the world. But before our elections start to cause volatility in the Fall, a round of elections in Europe in May could have a very meaningful impact on the marketplace. Given the …
Greece Is A Zit, Portugal Is A Boil, Spain Is A Tumor
"It's Not A Tumor" - Kindergarten Cop The market appears to be blissfully ignoring the massive issues facing Spain due to a better than expected recent auction. But with the impact of the ECB's three -year liquidity injection starting to run it's course, Spain will be a big focus for the market …
iBanker: The Markets Look A Little Muddy
This past Saturday morning, I awoke circa 4:30am, and sluggishly made my way to my car enroute to meet some fellow gym rats at a local parking lot. The 16 of us piled into 4 cars and embarked on a trip we all had been talking about for months on end. What lay ahead was a 5.2 mile all-terrain 36 …
iBanker Market Update (Finale)
The Impending Fiscal Cliff The political season - always a source of amusement and certainly a catalyst of volatility - has been largely ignored by the market thus far. Perhaps once a Republican candidate emerges from the primary wasteland, the market will begin to fully appreciate the …
iBanker Market Update (Part 3): VIX Vapor Rub
An Under-Appreciation Of Risk In the current marketplace buffeted by extraordinary amounts of liquidity both from the Fed and the ECB, it can be difficult to ascertain the real risk embedded in the current marketplace. The valuation and measure of risk is even more difficult when the sources of …
iBanker Market Update (Part 2)
Liquidity Is Not The Same As Solvency It's more than troubling to think that the market has essentially been focused on the same underlying issues surrounding the Eurozone for over two years now. Despite the prolific liquidity facilities aimed at both the European banking system and Greece, the …
