FT Alphaville
Pink picks
Comment, analysis and other offerings from Wednesday’s FT, Martin Wolf: Prepare for a golden age of gasThe world is in the midst of a natural gas revolution, writes the FT’s Wolf.......
Snap news
Breaking pre-market news on Wednesday,– Kevin Rudd resigns as Aussie foreign minister, expected to challenge Gillard for prime minstership – Bloomberg– Shell......
Further further reading
For the commute home,- Dow 13,000: pity party!- All it takes is 30 good, decent, human-selected stocks…- Bonus neurosis du jour, with Brian Moynihan.- Charting......
Bean to British pensioners: ‘Just wear it’
Charlie Bean of the Bank of England (deputy governor, monetary policy) has been brave enough to visit Glasgow, telling the Scottish Council for Development and Industry about......
US pent-up demand, charted
The second half of last year was puzzling to anyone trying to understand future trends in US consumption. Or at least it was to us.Spending climbed more quickly than incomes,......
Rally Monkey gets sucked into the self-referential vortex of psychologically important thresholds
Cue the already-deflating* bubble in a) people pointing out that the Dow hit 13,000, then b) people who point out the irrelevance of the Dow’s crossing 13,000, followed by......
PSI, the Greek details [updated]
Some of them, at least. From the Greek finance ministry, and our own thoughts follow the excerpt:Co-Financing AgreementHolders of the New Bonds will be entitled to the benefit of,......
StanChart camps out at the securitisation BISTRO – Part 2
In Part 1, FT Alphaville described what ‘synthetic securitisation’ deals done by Standard Chartered in the second half of 2011, looked like:Now, let’s talk......
StanChart camps out at the securitisation BISTRO – Part 1
A month ago, FT Alphaville took a closer look at a particular transaction that Barclays completed in order to decrease the amount of regulatory capital it was required to hold......
Germany doesn’t want more of your eurozone goods
Remember how this eurozone mess largely boils down to a balance of payments problem? The peripherals have current account deficits and the northern countries have surpluses. As......
Markets Live transcript 21 Feb 2012
Markets Live chat transcript for the chat ending at 12:26 on 21 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT PM Hi therePM HI therePM WelcomePM......
That Greek debt sustainability analysis in full
Here it is via a reader (not that one), also in various places on the interwebs.Greece DSA...
Further reading
Elsewhere on Tuesday,- Greece’s bailout: mission improbable, not to mention unsustainable.- And here’s what it’s really about.- The IMF welcomes the “new......
Pink picks
Comment, analysis and other offerings from Tuesday’s FT,Gideon Rachman: The drift towards war with IranThe question of whether a war will break out over Iran’s nuclear......
Snap news
Breaking pre-market news on Tuesday,- Albermarle & Bond pre-tax profit up 12 per cent – statement.- Tullow finds some more hydrocarbons off West Africa – statement.......
Eurogroup maths
So the deal is in, and it combines bigger private sector “voluntary” haircuts (53.5 per cent of face value, as opposed to 50 per cent agreed in October) with the ECB......
‘Deal is done’
Reuters quotes two sources saying a deal is done with a nominal PSI haircut of 53.5 per cent, or more than the 70 per cent net present value previously discussed:Another official......
[Updated] Get Greece (out)
Brutal, brutal, formal, excruciatingly-timed, leaked confirmation of what we we’ve known for ages – the Greek bailout 2.0 is Souvlaki in the sky…First from Reuters,......
Metaphors to while the night away
With a long night of Euro-deal watching ahead we thought we would leave you some mixed-metaphors to mull over.This is from Gabriel Sterne over at Exotix (emphasis his):Taking......
Dash for trash, Hellenic edition
Amid the bailout suspense, the Athens stock index chugs higher…Though Societe Generale’s equity quant analysts took a pop at it on Monday:If the definition of......
