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Thoughts on ECB

December 02, 2010
European officials must have known they were going to disappoint the market with the decision to simply postpone draining liquidity. The firewall around Greece failed. The firewall around Ireland has failed. The politicians have dropped the ball and the left Trichet holding the bag. Many from the periphery appeared to lobby the ECB to help out. Tr…
Thoughts on ECB Thoughts on ECB Reviewed by Marc Chandler on December 02, 2010 Rating: 5
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ECB Does Bare Minimum

December 02, 2010
The ECB has done the bare minumum by pushing out its plans to withdraw liquidity.  Previously it was expected to take place in early Q1 and now it has been delayed to early Q2 at the earliest.  This is hardly a solution.  It kicks part of the ball down the road, but banks locked out of the wholesale market will remain locked out.     Trichet has a…
ECB Does Bare Minimum ECB Does Bare Minimum Reviewed by Marc Chandler on December 02, 2010 Rating: 5
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ECB Front and Center: Can Do Little, but Disappoint?

December 02, 2010
Today is the most important ECB meeting in several months. Nervousness ahead of it has encouraged some modest position adjusting across asset classes. Given that the Irish aid package failed to stabilize the markets, many are looking at the ECB step into the breach. It seems that there are only four potential courses of action. The first is simply…
ECB Front and Center: Can Do Little, but Disappoint? ECB Front and Center: Can Do Little, but Disappoint? Reviewed by Marc Chandler on December 02, 2010 Rating: 5
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Water, Wheat and Russia

December 01, 2010
In a time when there is much discussion of peak oil and the idea that other commodities are less abundant or more costly to access, one issue that might not get enough attention among investors is the shortage of water. Some political scientists, for example, have suggested that the next war in the Middle East may be over water not oil.
Grain is v…
Water, Wheat and Russia Water, Wheat and Russia Reviewed by Marc Chandler on December 01, 2010 Rating: 5
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Euro Bounce, Sustainable?

December 01, 2010
Ideas that at its meeting tomorrow the ECB may take additional measures to stem the financial crisis that has threatened this week to spread outside the periphery and toward countries like Belgium, are prompting some position adjustment in both the foreign exchange and fixed income markets. While observers are not at a loss at making recommendatio…
Euro Bounce, Sustainable? Euro Bounce, Sustainable? Reviewed by Marc Chandler on December 01, 2010 Rating: 5
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