CIO Vantage Point

 

CIO Vantage Point; Economic Outlook
August 08, 2012 Posted by

People who do bad things, make mistakes or even just get unlucky should suffer the consequences.  If not, then what justifies any sense of order?

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CIO Vantage Point
August 06, 2012 Posted by
After recently stating unequivocally that he would do "whatever it takes" to support the euro, European Central Bank chief Mario Draghi failed to deliver at the bank's monthly policy meeting last week.
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CIO Vantage Point
August 03, 2012 Posted by

This week's Top 8 includes: Dollars, the FDIC, Floaters, FOMC, Draghi, Spain, and Jobs.  Oh My!

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CIO Vantage Point
August 02, 2012 Posted by
The FOMC met this week and left the markets unsatisfied with lack of action.  The problem is not with the Fed, though, but elsewhere in Washington.
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CIO Vantage Point
July 25, 2012 Posted by

In the classic "Rebel Without a Cause," our teenage hero agrees to a "chickie run" where he and Buzz the bully race toward a cliff in stolen cars to see who will bail out last.  Unfortunately for Buzz, an entanglement of his jacket sleeve on the car door ends his short, tyrannical life. A similar drama is playing out today in Washington as the U.S. economy speeds toward the "fiscal cliff" that could be reached on New Year's Day. 

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CIO Vantage Point
July 20, 2012 Posted by

The Top Eight this week includes: IPOs, rising Spanish yields, Bernanke speaks, KKR, IMF, anecdotes on the economy, the IRS, and HOAs.

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CIO Vantage Point
July 13, 2012 Posted by
1. Germans oppose further bailouts.Forty-one percent of respondents are "seriously concerned" about social unrest and fifty-four percent believe it is "almost futile" to try to save the euro.Though an unscientific poll, given the other sixteen euro countries seem to be looking to Germany, the results are certainly understandable.2.The EU softens qualifications for Spain's most recent bailout.The deadline for Spain to improve its deficit was extended by one year to 2014 after a deal was struck to provide €100 billion to the country's banks.Kick of the can" number 4,312.In other news, Moody's downgraded Italy by two notches to Baa2.
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CIO Vantage Point
July 13, 2012 Posted by
For those of you old enough to recall this line from SNL (nearly thirty years old, I'm afraid), the first sentence in the linked article will likely bring a chuckle: "France is ready to cede sovereignty to its European partners…" Though the country is not in any real fiscal trouble, European Affairs Minister Bernard Cazeneuve felt confident enough to make this statement implying France is ready to report to a council of some sort, run by all 17 members of the euro zone.
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CIO Vantage Point
July 06, 2012 Posted by
1. UK lawmakers set up inquiry on LIBOR issue. Early next week, a showdown between a Bank of England and a Barclays official will ensue.The question on hand is: Did the Bank of England encourage Barclays to submit artificially low rates in the LIBOR rate-setting process? Recall during the height of the crisis how worried everyone was about the banking industry? This does not seem so implausible.
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CIO Vantage Point
December 23, 2009 Posted by

'Twas the year before mortgage reform, when all through the House Not a creature was stirring, not even Tiger's spouse. The proposals were hung by the lectern with care, In hopes that private lenders soon would be there. The members were nestled all snug in their beds, While visions of campaign donations danced

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