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Trichet just said policy is 'appropriate' despite debt buying, which means they will be cutting rates soon...

Not much, the losses will have to be taken, those moves are not addresing the structural issues. As I understand the bailouts are senior to existing debt. Although some of the ECB actions might suggest they are more willing to print more than the BOJ was(intervention is sterelized yet if...

Bailout list * Outright bond purchases from the ECB, to be sterilized Very surprising move, which goes to show that the ECB is COMPLETLY unreliable on their public statements regarding their likely actions(Webber said this was 'too much' and the Council didnt even discuss this, I find...

Heres a complete list of the people who avoided liquidation during that 10min:

You guys from IB can bet your asses that if any of these scenarios happen you will get threads here on ET ruining your reputation, I will certainly make one and I will be pretty loud about it. So you might want to factor in reputational and collapse of the brokerage division into the...

Its the market that needs to calm down, he is already pretty calm, he owns CDS in every european nation and if that $15T economy blows up that will have "miminal if any impact on our risk exposures"

Zero Hedge makes a good point, when CNBC will issue a retraction over the ridiculous story of the fat finger by Citi?CME has denied usual activity by Citi, yet CNBC had reported 'multiple sources' It appears the the whole thing was caused by panic leading to people to shutdown their eletronic...

"Fed's Plosser: Greece situation a risk to outlook"

There is a crucial difference here, after LEH there was a clear belief among many participants that the government would let some institutions fail. That only changed after the market internalized the idea from the G10 statement that there would be no more Lehman's(it took a while but eventually...

Another meltdown in eurodollars, I'd say the odds the Fed-ECB swap lines comes back during the weekend is decent, specially now that it looks like Germany will pass the bailout. This might provide some kind of relief rally

Italy approved €14,8b for Greece, I didnt knew pigs were so generous

Apparently if IB auto-liquidates you based on a busted trade, you can't do nothing about it in terms of losses you would have in the liquidated positions(due bid ask spreads, illiquidity) http://www.elitetrader.com/vb/showthread.php?threadid=198210 Seems I will have to be careful, a bad...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSVzucla6Dh0&pos=5

"with 139 abstentions" A lot of people got 'sick' that day :p

1246 GMT [Dow Jones] The broadest measure of underemployment followed headline unemployment rate up in April. The so-called U-6 rate, which includes unemployed, plus all persons marginally attached to the labor force, rose to 17.1% in April from 16.9% in March. The extreme slack in labor markets...

The household survey printed +170K

There you go, massive NFP but the UR went up, I understand they are different surveys but it looks like people are coming out of the house to try to find work "The size of the labor force rose by 805,000 in April, the Labor Department said."

Crazy, the OIS 3m had a bunch of prints above 25bps(currently its slighly below 25bps). Do people really think the Fed will lose control over the ceiling in the funds market?I expect the NYFed to turn on the printing press and buy up all the UST-bills out there before that happens

I disagree regarding the pipe dream, it could and can happen. Tightness in money markets isn't one of the Fed's 3 conditions for loose policy. If LIBOROIS is at 1bps for some reason but the core CPI is at 0%, Fed is not going anywhere

Canda just posted a massive employment report, however the +100K print had a 90K+ increase in the labor force, thats the shadow inventory of labor, probably will happen in the US as well. UR might stay high for a long a time