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Bloomberg: "Lower Greek Rates Leaders made a provisional agreement to lower Greece’s interest rates of about 5 percent for aid by 100 basis points, and extend the repayment period of the loans to 7 1/2 years from three years. Greek Prime Minister George Papandreou said the moves would...

Matter of fact some companies desperate for a turnaround might use Groupon to raise some quick funds by creating campaigns for large groups of people who can't all use their resources at the same time. I'm sure Groupon will claim they check the company's health before they do it but the truth is...

Random observation of the day. Groupon doesn't seem to be only a discount advertising sort of company, I bought a teeth whitening treatment and there was so many people on it I could only set an appointment for more than a month later, meanwhile the company I acquired from could go bankrupt and...

EFF has been trading at 14bps for a few days http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm It seems it will go even lower than this

Gross still has plenty of USTs but they have maturities of 12 months or less which seem to be classified as 'cash' by accounting rules http://www.cnbc.com/id/15840232?video=3000009781&play=1

I disagree with you my friend, I explained this in depth in my previous journal. Just look at the numbers from QE1, $1.75T(IIRC) of assets bought, $1T in excess reserves by the end of it, this means $750B went out to 'circulate' in the economy, probably in the form of M2. I dont have the...

The Fed doesn't believe UST rates will rise much after QE2 ends because they are in the 'stock view' which says that Fed buying of USTs removes supplies from the market creating some kind of shortage effect which leaves interest rates lower than they would otherwise be. It seems that Bill Gross...

The most important factor for future earnings and employment is having a college degree(for people who will not own their own company or be self-employed) which college you get from seems to matter only a little

I'd say its inconsistent to raise rates in a banking crisis or on the verge of one, specially if you are not running a QE program

Quote of the day "This is a shock," said Silvio Peruzzo from RBS. "This raises risks for the eurozone periphery through all kinds of channels. Most mortgages in Spain are on floating rates."

Did you have problems with BOJs early hikes over the lost decades?Because to me this is like those, maybe even worse because Japan was running loose fiscal policy. I dont really know where the inflation is going to come from in the EU that Trichet is so worried about Maybe this is a bluff to...

It's amazing that he would say that, he even mentioned that money and loan growth remain weak plus iexpectations are anchored plus everyone and their mothers are running austerity packages, core inflation is still low, he wants to grow food and gush oil with rate hikes

http://www.marketwatch.com/story/transcript-shirakawa-on-japans-economy-2011-02-28

2008 wasn't a supply shock(more like a demand shock from EM and speculative activity), MENA might create one, this means oil WONT go down during a recession(at least not a lot), ala 70's. Its called stagflation

I'm on a defensive position of 50% of my old exposure, will buy back the other 50% as soon as I think the correction is over 'Not a chance by the way, a MENA blow-up will give Ben the excuse he needs to keep pumping' So far from what I've read of president and governors speeches...

I'm betting its the opposite, if MENA blows up iexpectations and inflation will rise and force the fed to tighten to contain it

hey Martin, what are the spreads from the pigs doing right now?Looks like the ECB is on a mission to destroy the union

Well, Fed futures are finally coming back to earth, dropping quite a bit. Now I just have to make a good guess where they will stop so I can load the truck again

AUD strong, any reason you brought that up?

Rogoff Says Debt Restructuring ‘Inevitable’ in Greece, Ireland http://noir.bloomberg.com/apps/news?pid=20601087&sid=a7ML2Vlnb0CY&pos=5 He doesn't explain why though