tag:blogger.com,1999:blog-4815867514277794362.post3631788322501947699..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: Future Joseph Jett traders get a Christmas card from Mario DraghiJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-4815867514277794362.post-7712162759463000972011-12-28T08:41:13.675+11:002011-12-28T08:41:13.675+11:00You guys read my letters too! I never put the Sear...You guys read my letters too! I never put the Sears short on the blog. <br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-62097603595968014102011-12-28T04:28:46.567+11:002011-12-28T04:28:46.567+11:00congrats on the SHLD shortcongrats on the SHLD shortAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-8924334396254390552011-12-25T21:58:48.393+11:002011-12-25T21:58:48.393+11:00Whatever they do with the money - they will buy as...Whatever they do with the money - they will buy assets with good-high carry and pose them as collateral at the next 3year Repo facility in February ...<br />Rinse, repeat .....Hubertnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-87956733982647088292011-12-24T05:34:40.931+11:002011-12-24T05:34:40.931+11:00"...top management of the banks will take car..."...top management of the banks will take care that the aim is reached...": if the top management of banks were that competent, we wouldn't be in the fix we're in.deariemenoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-88286395392606175832011-12-24T04:07:36.447+11:002011-12-24T04:07:36.447+11:00Actually, the amounts being subscribed seem to be ...Actually, the amounts being subscribed seem to be very closely tied to next year's roll. Someone (DB?) reported that neither BBVA nor Sabadell would be buying guvvies with the loot.<br /><br />None of the above has achieved the status of fact, bit it's what's being said.<br /><br />Merry XmasCharles Butlerhttps://www.blogger.com/profile/00486529931043507880noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-87311231723222282782011-12-24T00:44:45.305+11:002011-12-24T00:44:45.305+11:00This is probably a little too long and frustrated ...This is probably a little too long and frustrated post on one simple matter - whatever brought Wall Street down from 08' till now, Eurozone wants more of it.<br /><br />Hey, everybody loves free money!<br /><br />Regards,<br />Dmitry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-64469676126665411982011-12-23T20:12:44.504+11:002011-12-23T20:12:44.504+11:00not the best time to be short french banks...not the best time to be short french banks...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-86128026074390877042011-12-23T19:11:46.514+11:002011-12-23T19:11:46.514+11:00John,
I do not think that traders in banks will b...John,<br /><br />I do not think that traders in banks will be given much of the money to gamble with. The FT reported that there has been some communication between large banks and the central banks. The ECB money is for bank refinancing (in case it is needed) and purchases of government bonds, thus saving the banks from going bust and reducing interest rates. Todays piece from Gillian Tett in the FT explained the thinking rather good. So top management of the banks will take care that the aim is reached and the geniuses at bank trading desks will comply and mostly refrain from gambling with the ECB money.Sceptical Germannoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-640092974467524042011-12-23T16:31:41.861+11:002011-12-23T16:31:41.861+11:00Hi John,
since the ECB funding facility is a 3-ye...Hi John,<br /><br />since the ECB funding facility is a 3-year term repo with no margin call risk, why can't banks gear up in French & German sub 3-year debts?<br /><br />Last I check, French and German sovereigns has no risk of refusal by creditors to roll over sovereigns on maturity.Anonymousnoreply@blogger.com