- 10 Tuesday PM Reads
- Media Appearance: Dylan Ratigan Show (11/8/11)
- Weekend Update: A Closer Look At Europe
- Winners and Losers of 2011s IPO Market
- Greek Exit Not Fatal for Euro
- BERLUSCONI TO RESIGN
- Italian bonds/why euro is NOT closer to 1.0
- Media Appearance: Bloomberg Surveillance Midday
- Major Secular Bear Markets (Inflaion Adjusted)
- The Story of ETF Creation and Redemption
Posted: 08 Nov 2011 02:30 PM PST
Afternoon train reading:
What are you reading?
Source: The Reformed Broker
Posted: 08 Nov 2011 01:00 PM PST
Let’s try this again, shall we? This afternoon ~4:15pm to discuss EuroZone. Bullet points:
More to come later.
Posted: 08 Nov 2011 12:15 PM PST
Ironically SNL does a better job of explaining the European financial crisis than most Wall Street economists
Posted: 08 Nov 2011 11:30 AM PST
Posted: 08 Nov 2011 11:28 AM PST
Posted: 08 Nov 2011 10:49 AM PST
Posted: 08 Nov 2011 09:08 AM PST
As Berlusconi has lived to fight another day after winning a budget vote (although he didn’t get a majority because of abstentions and this could lead to a confidence vote within days), Italian bond yields 5 yrs and 10 yrs out have reversed higher and the 2 yr yield, up all morning, is now extending its gain to 19 bps to 6.17%. For those calling for the ECB to behave like the Fed, new ECB member Weidmann, a German with a Bundesbank mentality said not on his watch, “one of the severest forms of monetary policy being roped in for fiscal purposes is monetary financing, in colloquial terms also known as the financing of public debt via the money printing press.” Money printing is a drug that provides only a temporary high with long term negative consequences. It is this mentality of the ECB as opposed to the vision of the Fed that has the euro at near 1.40 to the US$ rather than closer to 1.0.
Posted: 08 Nov 2011 09:00 AM PST
Posted: 08 Nov 2011 08:30 AM PST
Posted: 08 Nov 2011 07:32 AM PST
Ever wonder what allows ETFs to be liquid? The answer is “creation and redemption,” the process that lets ETFs trade even when volume is low. Using simple illustrations and a metaphor about flowers, this seven-minute animation will change the way you look at ETFs.
Hat tip Themis Trading
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