The Anchor Of Expectations?
Summary
Discussion of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
Last Time Out
Through the catalyst of risk weighted asset valuation, further mandated increases in capital requirements are causing capital constraints, liquidity issues and perhaps, a diminishing of....
Great Expectations
Trebek queries, excepting Shakespeare, is there a writer who has created more characters whose names we remember, and whose types seem so true to human nature? What is, Charles Dickens.
David Lean's (Bridge on the River Kwai, Lawrence of Arabia, Dr. Zhivago) "Great Expectations” (1946), has been called the greatest of all Dickens films. It won two Academy Awards (Best Art Direction and Best Cinematography) and was nominated for three others (Best Picture, Best Director and Best Screenplay).
In this enriching tale of humble virtue, after an anonymous patron provides him with an income, orphaned Pip sets out for the life of a young gentleman. But soon a criminal to whom Pip once showed kindness resurfaces, leading to some surprising revelations. Speaking of which...
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Discussion of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
- Collateral Requirements; Derivatives Exposure; Domestic Exposure
- Modeling Problems; Risk Weighted Asset Valuations
- Zero Coupon Inflation Swaps; Capital Quandry?; DB Downside?
Last Time Out
"New capital requirements continue to absorb the excess reserves that were created by the central banks in their QE operations. Less balance sheet capacity, less supply, higher "dollar" and higher demand for those dollars, not because of healthy reasons viz. transactional volume went up, or monetary flows increased because the economic climate improved.
But because of unhealthy reasons, due to the continuance of contractionary monetary policies, a furtherance of economic contraction, and monetary flow contraction, further hampering liquidity and raising the risk premiums to obtain those much needed dollars." - 10/21 - Charade?Following our theme in Charade...From a macroeconomic and demographic standpoint, through its many communications and announcements, the Fed firmly anchors inflation and market expectations.
Through the catalyst of risk weighted asset valuation, further mandated increases in capital requirements are causing capital constraints, liquidity issues and perhaps, a diminishing of....
Great Expectations
Trebek queries, excepting Shakespeare, is there a writer who has created more characters whose names we remember, and whose types seem so true to human nature? What is, Charles Dickens.
David Lean's (Bridge on the River Kwai, Lawrence of Arabia, Dr. Zhivago) "Great Expectations” (1946), has been called the greatest of all Dickens films. It won two Academy Awards (Best Art Direction and Best Cinematography) and was nominated for three others (Best Picture, Best Director and Best Screenplay).
In this enriching tale of humble virtue, after an anonymous patron provides him with an income, orphaned Pip sets out for the life of a young gentleman. But soon a criminal to whom Pip once showed kindness resurfaces, leading to some surprising revelations. Speaking of which...
Pricing Problem?: "The bank [Deutsche Bank] is looking at valuations on a type of derivative known as zero-coupon inflation swaps, said the people, who asked not to be identified because the matter is confidential. After finding valuations that diverged from internal models, it began questioning traders" - The Math ThickensThis missive was published as an exclusive to Seeking Alpha. To access the ENTIRE text for FREE on Seeking Alpha, please click here. The Nattering One does not receive remuneration if you register, only satisfaction.
There is no cost involved and it has been our experience that if you exert control (by unchecking a box of two) over your communications settings in your Seeking Alpha profile, your email inbox will not be polluted with one bit of Spam (not even the cured pork shoulder variety. Tasty even.)
As we are now a "contributor" at Seeking Alpha, our published articles, instablog and comments can be found here. Please continue to follow The Nattering Naybob here and at Seeking Alpha. We thank you for your support.
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