Comments on: Counterparties: Meet the new European bank run http://blogs.reuters.com/felix-salmon/2012/05/21/counterparties-meet-the-new-european-bank-run/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: uprof http://blogs.reuters.com/felix-salmon/2012/05/21/counterparties-meet-the-new-european-bank-run/comment-page-1/#comment-39373 Wed, 23 May 2012 04:54:57 +0000 http://blogs.reuters.com/felix-salmon/?p=14240#comment-39373 Ken Auletta’s NEW YORKER piece presents a glib misrepresentation about Stanford, in which the representative student there is walking around trying to market his/her ‘app’ to a lecturing Silicon Valley venture capitalist. Here are a couple from a long list of inaccuracies: (1) He gives the impression most engineering students are computer science majors (a quick glance at the data shows that this is woefully wrong); (2) The implication that the world-class humanities departments there somehow suffer from the two-way street relationship between the university and Silicon Valley.

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By: Spinoza500 http://blogs.reuters.com/felix-salmon/2012/05/21/counterparties-meet-the-new-european-bank-run/comment-page-1/#comment-39335 Tue, 22 May 2012 08:01:47 +0000 http://blogs.reuters.com/felix-salmon/?p=14240#comment-39335 With the threat of runs on European banks plus a nicely declining inflationary expectation as measured by TIPS v Treasury yields (not hard to achieve when you are the major player in the market) , Bernanke has all the arguments he requires to announce an extension of Twist or indeed QE3. He knows this is essential given that his argument that it is Fed ownership of a stock of bonds rather than the Fed buying a flow which influences bond yields is nonsense (as pointed out by Pimco).

The problem is that further monetary activity does little to resolve the fundamental economic problem which requires fiscal action. In the long run it may even be harmful. Further Federal Reserve monetary action supporting bond yields may set the scene for the mother of all bond market collapses if the economy recovers and bond yields start rising.

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By: HuckleberryHart http://blogs.reuters.com/felix-salmon/2012/05/21/counterparties-meet-the-new-european-bank-run/comment-page-1/#comment-39320 Mon, 21 May 2012 22:46:52 +0000 http://blogs.reuters.com/felix-salmon/?p=14240#comment-39320 Counterparties is my PM coffee break. So good.

I still get coffee though.

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By: GregHao http://blogs.reuters.com/felix-salmon/2012/05/21/counterparties-meet-the-new-european-bank-run/comment-page-1/#comment-39312 Mon, 21 May 2012 21:46:06 +0000 http://blogs.reuters.com/felix-salmon/?p=14240#comment-39312 I’ve been thinking about penning this comment for a while but have held back because of the adage don’t say anything if you don’t have anything nice to say but I’ve found the revised counterparties to be slightly underwhelming. I appreciate the work that you’re doing Ryan but NYT/Economist/Bloomberg/FT/FT Alphaville. I would surmise that most of the readers who follow Felix’s blog already consume a lot of those sites’ information.

It would be nice if more less mainstream links were added at the end of each day. And The New Yorker story about Stanford came out weeks ago, I’m not sure why it’s more relevant today than when it first came out?

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By: ckm5 http://blogs.reuters.com/felix-salmon/2012/05/21/counterparties-meet-the-new-european-bank-run/comment-page-1/#comment-39306 Mon, 21 May 2012 21:15:10 +0000 http://blogs.reuters.com/felix-salmon/?p=14240#comment-39306 Note: Felix ‘found’ that chart because I sent it to him:

https://twitter.com/#!/ckmaresca/statuse s/202692908707610627

Chris.

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