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RT: Bond bubble bursts anew

Patrick L Young is expert in global financial markets working in multiple disciplines, ranging from trading independently to running exchanges.

Published time: April 16, 2014 08:08… 802 more words


Hungary’s Central Bank Seizes Bold Strategies

BUDAPEST — Few central bankers are as quotable as Gyorgy Matolcsy.

There was the time Mr. Matolcsy, head of Hungary’s central bank, said, “Hungarian tribes 1,500 years ago were well known for their three unique skills: brain surgery, hospitality and gastronomy.” Or when, echoing the views of a Korean economist, he wrote that “the telegraph and the washing machine have made a real revolution in society,” but “the Internet hasn’t.” Or when he proclaimed that the Hungarians and the Japanese are related because some of their babies have red dots on their backsides. 1,171 more words


REPOST: Bond markets cannot get enough of Greece, as debt auction proves

When Greece put nearly €3 billion in three and five-year bonds up for sale, the whole lot was swept up within hours. The Guardian speculates on the implications of such a debt on the EU and on Greece’s economic recovery. 415 more words

Europes banks employ new provision ahead of ECB test

European banks have set aside tens of billions of euros for covering loan losses in their latest annual accounts as a preparation for the the ECB stress tests that will take place in the next few months. 13 more words

We’re Much Too Obsessed With Central Bankers

Turn on CNBC any given morning and you’ll endure fund-manager after banker after stock-market-analyst attempt to decipher what the U.S. Federal Reserve might or might not do, and when it might or might not do it. 708 more words

The ECB has loaded its €1-trillion bazooka, but can't decide whether to use it

The talk over the weekend was that the European Central Bank seems to be preparing a new round of stimulus to kickstart the euro zone’s sputtering economy. 426 more words