Wednesday, October 24, 2012

LIBOR converging with CD rates; CD transparency proves useful

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It looks increasingly likely that going forward the dollar LIBOR curve will be set based on term deposit rates ( discussed here ). There s...

Has China's Q3 GDP been grossly overstated?

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Here is an interesting interview with Gordon Chang, who believes that China's GDP growth in Q3 has been grossly overstated. In his op...
Tuesday, October 23, 2012

Moody's: Echo boomers to reverse declining homeownership

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It is a well known fact that homeownership in the US has been on a decline, a trend that started even before the financial crisis. Now Moo...

Update on the banking union initiative in the Eurozone

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Here is the latest on the Eurozone-wide bank regulation initiatives. The area leadership seems to have agreed on some key principles of ba...

Moody's downgrade of Spanish regions should be a signal for Rajoy to request aid

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Spanish regional downgrades should not have been a surprise. After all, regional credits are generally tied to the national rating in most ...

The INSEE survey shows more jitters within the French business community

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The National Institute of Statistics and Economic Studies (Institut national de la statistique et des etudes economiques or  INSEE ) of Fr...

As crude prices decline hurting revenues, Iran threatens to cut off supply

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Crude oil prices have been on a steady decline in the past couple of weeks as global demand remains weak. These declines are pressuring Ir...
Monday, October 22, 2012

Sharp declines in equity correlations should improve alpha generation

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The implied correlation futures contract has touched a new low recently. With the Eurozone seemingly stable for now, correlations among US...