bloomberg.com - 1/15/2009
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Jan. 15 (Bloomberg) -- The European Central Bank will cut interest rates today to counter the deepening recession, even after President Jean-Claude Trichet signaled a reluctance to move this month, a survey of economists shows. ECB policy makers meeting in Frankfurt will lower the benchmark ...
traderdaily.com - 1/15/2009
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traderdaily.com —
ECB policy makers meeting in Frankfurt will lower
the benchmark lending rate by half a percentage point...
to 2 percent, according to the median of 60 forecasts in a Bloomberg News survey. That would match the lowest rate since the ECB took charge of ...
(more)
ECB To Cut Rates
traderdaily.com - 1/16/2009
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traderdaily.com —
In a sign of the extent to which
eurozone policymakers have been taken aback by the ferocity...
of the downturn, Jean-Claude Trichet, ECB president, warned growth forecasts it published only last month would have to be revised downwards. Even after ...
(more)
We Almost Forgot, Among the Bailouts, A Rate Cut
nakedcapitalism.com - 1/15/2009
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nakedcapitalism.com —
Predicting the demise, or at least the marginalization
of the euro is a popular pastime for some...
writers (Ambrose Evans-Pritchard of the Telegraph, one of our favorite deflationistas, engages in occasional euro-bashing). Similarly, quite a few ...
(more)
Willem Buiter Argues Against Eurozone Breakup Worries
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ECB To Cut Rates
Trader Daily Combined Feed —
ECB policy makers meeting in Frankfurt will lower the benchmark lending rate by half a percentage point to 2 percent, according to the median of 60 forecasts in a Bloomberg News survey. That would match the lowest rate since the ECB took charge of monetary policy in 1999. The bank will reduce the rate to a record low of 1.5 percent in March, another survey shows.
Trichet said last month there’s a limit to how far the ECB can cut rates and has refused to give any signal for January, suggesting he favors a pause. At the same time, data show the economy of the 16 nations sharing the euro is slipping deeper into recession as the global financial crisis hurts ...
Opening Bell: 01.15.09
Dealbreaker —
... $6.9 billion, compared with $7.2 billion in the prior year and $7.5 billion in the prior quarter. The portfolio represented 5.8% of total stockholders' equity less goodwill, down from 9.2% in the prior year and 7.5% in the prior quarter."
Full supplement.
Also of note: J.P. Morgan's numbers officially put Citi into "Bitch Bank" status. Perhaps you should consider adopting some rules from the Peruvian legal system into your atmosphere Mr. Pandit.
ECB Lowers Rate 50bps (Bloomberg)
Move along, move along: nothing to see here. ...
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