{"id":408834,"date":"2010-03-09T19:09:59","date_gmt":"2010-03-10T00:09:59","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/03\/09\/economic-consequences-greece-banks-scramble-mtm-accounting-volcker-debtflation-chain-reaction-hbo-crisis-drama-4-day-schools-geithner-unpopular-mother-of-carry-trades\/"},"modified":"2010-03-09T19:09:59","modified_gmt":"2010-03-10T00:09:59","slug":"economic-consequences-greece-banks-scramble-mtm-accounting-volcker-debtflation-chain-reaction-hbo-crisis-drama-4-day-schools-geithner-unpopular-mother-of-carry-trades","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/408834","title":{"rendered":"Economic Consequences: Greece, Banks Scramble, MTM Accounting, Volcker, Debtflation, Chain Reaction, HBO Crisis Drama, 4 Day Schools, Geithner Unpopular, Mother of Carry Trades"},"content":{"rendered":"

\"bill-coppedge-dec09-1\"<\/a> \"original<\/a> <\/p>\n

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\"business-insider-money-game\"<\/a> <\/p>\n

Greece Bags $5 Billion From Investors Offering Killer Yield<\/strong> As Investors Bet On ECB Backing – Vincent Fernando – Greece successfully pulled off a five-billion euro bond issue that was massively over-subscribed, indicating the investors loved the 6.5% yield<\/strong>: … – Money Game at Business Insider<\/a> <\/p>\n

Volcker: No Way The US Economy Can Stand On Its Own Without Stimulus<\/strong> – Joe Weisenthal -  This is not the time to pull back spending- Money Game at Business Insider<\/a> <\/p>\n

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\"reuters\"<\/a> <\/p>\n

Banks scramble to raise cash after Fannie Mae cuts<\/strong> – By Richard Leong and Lynn Adler – Banks scrambled to raise cash this week after U.S. mortgage finance agency Fannie Mae abruptly slashed the number of financial institutions that hold its funds, market sources said on Friday.  The move forced banks dropped by Fannie Mae (FNM.N) to liquidate Treasuries and other short-term securities and borrow in the open market so they could return money Fannie Mae had with them, they said<\/strong>. This caused an increase in short-term interest rates across key U.S. loan markets since Wednesday.- more – Reuters<\/a>
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\"inst-risk-analyst1\"<\/a> <\/p>\n

2 interesting discussions – Mark-to-Market Accounting:<\/strong> OneWest and WaMu; Commentary by Brian Wesbury and Robert Stein: Bernanke Finally Fingers Mark-To-Market – Christopher Whalen – The Institutional Risk Analyst<\/a> <\/p>\n

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\"morgan-stanley\"<\/a> <\/p>\n

quite interesting – Debating Debtflation<\/strong> – By Spyros Andreopoulos, Joachim Fels & Manoj Pradhan – The Greek crisis has brought sovereign debt to the forefront, capturing markets’ attention. We think another dimension of the sovereign issue, the inflation risks inherent in high levels of public debt for economies that can print their own currency, is being overlooked by the markets. <\/strong>…. We calculate that, over the next ten years, on average,
1.  a 5% deficit would require 9% inflation
2.  a 3% deficit would require 6% inflation
3.  achievement of a 2% inflation target requires a 1% of GDP budget surplus.
Scary stuff. – Morgan Stanley<\/a> 
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\"businessweek\"<\/a> <\/p>\n

chain reaction? – \u2018On the Edge\u2019 Banks Facing Writedowns After FDIC Loan Auctions – … The auctions may have wider repercussions<\/strong>. Of the $50.4 billion in loans seized from failed banks currently held by the FDIC, 63 percent involve participations by other lenders, according to data provided by agency spokesman Greg Hernandez.
\u201cThese banks can\u2019t believe that the regulator they pay to protect them is going to sell these loans to someone who can flip them and cause them serious losses,\u201d said Robert Reynolds<\/strong> … – By James Sterngold – Bloomberg BusinessWeek<\/a> <\/p>\n

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\"mediaite\"<\/a> <\/p>\n

coming soon! – HBO to Dramatize The Financial Meltdown In All Its Gory Details<\/strong> – by James Camp – MEDIAite.com<\/a>  <\/p>\n

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\"business-insider\"<\/a> <\/p>\n

The Way We Live Now: Schools Move To Four Day Week To Combat Budget Crises –<\/strong> Gregory White -  Business Insider<\/a> 
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\"new-yorker\"<\/a> <\/p>\n

No Credit – Timothy Geithner\u2019s financial plan is working\u2014and making him very unpopular.<\/strong> – by John Cassidy – The New Yorker<\/a>  <\/p>\n

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\"zerohedge\"<\/a> <\/p>\n

The Mother of All Carry Trades has Started<\/strong> – Posted by: madhedgefundtrader – It is time to start scaling into a major short in the yen.<\/strong> The Euro\/Yen cross is pointing the way. The prospects of Japan raising rates are nil. The government\u2019s pool of lenders is drying up. The savings rate is plummeting. The bill for the world\u2019s worst demographic outlook is coming due. Macro investing at its finest. Look for \u00a5120 in a year. – Zero Hedge<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

  Greece Bags $5 Billion From Investors Offering Killer Yield As Investors Bet On ECB Backing – Vincent Fernando – Greece successfully pulled off a five-billion euro bond issue that was massively over-subscribed, indicating the investors loved the 6.5% yield: … – Money Game at Business Insider Volcker: No Way The US Economy Can Stand […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-408834","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/408834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=408834"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/408834\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=408834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=408834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=408834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}