Are We out of Road?

ECB Margin Calls Surge And Basis-Swaps Plunge | ZeroHedge.

Margin Calls are rising as asset values plunge, and it appears that the banks have run out of assets to pledge to the ECB for liquidity. In the highlighted post, Mr. Durden believes that the Germans will not allow the ECB to lower collateral requirements. They will. Virtually any measure that will forestall the inevitable reckoning will be deployed.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s