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| Merkozy? |
Very little material, probably the whole week will be one big holiday. The main news are the numbers from the ECB – most of the LTRO funding went back to ECB, not towards credit expansion or buying the bonds so that the ECB could have taken a break from SMP..
News (Tue evening) – BTH
FX option vols – Saxo
Markets Live – alphaville / FT
Debt crisis: live – The Telegraph
Europe Crisis Tracker – WSJ
LTRO money deposited back to ECB – Spiegel, ZeroHedge and ZeroHedge. LTRO money was almost all parked back to ECB. No wonder PIIGS bonds were again a case of “buy the rumor, sell the news”.
Can a Central Bank go bust? – John Redwood
Normal CB cannot go bankrupt. If ECB is one, it should say it.
Data analysis reveals suspicious funds
Cop Logic for 2012 – Interloper
Europe and China are gonna be worse, and ‘cop logic’ dictates U.S. and stocks will follow.
30 big ideas for 2012 and beyond – Fidelity