Wednesday, November 23, 2011

@AllAmerInvest German Bond Disaster, China Doink, Corzine, Bonus Bucks, Russian Missiles, Eurozone Recession


The Bund that Broke the Bundesbank

I cannot recall a worse auction, only EUR 3.889 Bln of bids in total for a EUR 6.0 Bln auction, and this is the new 10yr benchmark, and that is a cover of 0.65x. IF Germany can only manage this sort of participation, what hope for the rest. YIELDS are at completely the wrong level.
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German 10-year bond auction a "disaster"
A "disastrous" sale of German benchmark bonds sparked fears on Wednesday the debt crisis was beginning to threaten even Berlin, with the Bundesbank forced to dig deep into its pockets to ensure the auction did not fail.

China manufacturing slows to 32-month low
Chinese manufacturing has hit the brakes, slowing to a 32-month low in November and raising concerns about a global economic slowdown, according to a preliminary report issued Wednesday.

Fed Introduces New Bank Stress Tests
the Federal Reserve launched the 2012 review, issuing instructions to the firms, including the macroeconomic and financial market scenarios the Federal Reserve is requiring institutions to use to support the stress testing used in their capital plans. As a part of the review, known as the Comprehensive Capital Analysis and Review (CCAR), the Federal Reserve in 2012 will carry out a supervisory stress test based on the same stress scenario provided to the firms to support its analysis of the adequacy of the firms' capital.

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CNBC Bonus Bucks Answers for Wedneday, November 23


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Eurozone recession signals mounting

Medvedev: Russia may target missile defense sites

Here's Why Standard And Poor's MF Global Testimony Will Be Just As Interesting As Jon Corzine's

BELGIUM: Things Are Getting Worse By The Minute








Original content Bob DeMarco, All American Investor