Obligations d'états

[perspectivebourse]

le Miracle de Jackson Hole

PIMCO'S Gross says Fed to unveil QE3 at Jackson Hole

By Jennifer Ablan

NEW YORK | Wed Jun 22, 2011 12:15pm EDT

(Reuters) - Bill Gross on Wednesday said the Federal Reserve will likely hint at a third round of bond purchases, better known as "quantitative easing," at its next Jackson Hole meeting in August.

Jackson Hole is an annual global central banking conference, led by the Fed, which takes place at Jackson Hole, Wyoming. It was at this event last year that Fed chairman Ben Bernanke said the U.S. policymakers were prepared to make a major new investment in government debt or mortgage securities if the economy worsened significantly or if the Fed detected deflation -- a prolonged drop in prices of wages, goods and assets like homes and stocks.

[Stop]

Trés bon sujet à quand le QE3 ?

Réunion d'urgence ce week-end ?


Ouroboros

[Stop]

il n'y a plus d'avenir , les familles nombreuses vivent comme des pachas aux frais de l'état ou malheureusement sous le seuil de pauvreté

[Stop]

Quelle serait la stratégie aujourd’hui ?
merci

[hush]

Charles Plosser déclarant à Reuters (un Plan B ?)

Traduction sommaire

"Nous sommes en mode de planification d'urgence"
"la Réserve fédérale se prépare activement à la possibilité que les États-Unis pourraient se mettre en défaut de payement "«Nous développons des processus et des procédures par lesquelles le Trésor nous communique ce que nous allons faire»

ça devient hallucinant .


Philadelphia Federal Reserve Bank President Charles Plosser said the Fed has for the past few months been working closely with Treasury, ironing out what to do if the world's biggest economy runs out of cash on August 2.

"We are in contingency planning mode," Plosser told Reuters in an interview at the regional central bank's headquarters in Philadelphia. "We are all engaged ... It's a very active process."

Plosser said his "gut feeling" was that President Barack Obama and Congress will come to an agreement to increase the Treasury's borrowing authority in time to avert a default on government obligations.


The Fed effectively acts as the Treasury's bank -- it clears the government's checks to everyone from social security recipients to government workers.

"We are developing processes and procedures by which the Treasury communicates to us what we are going to do," Plosser said, adding that the task was manageable. "How the Fed is going to go about clearing government checks. Which ones are going to be good? Which ones are not going to be good?"

"There are a lot of people working on what we would do and how we would do it," he said.

Plosser added that there are difficult questions that the Fed itself had to grapple with.

The Fed lends to banks at the discount window against good collateral. But what happens if U.S. Treasuries no longer fit that bill?

"Do we treat them as if they didn't default, in which case we would be saying we are pretending it never happened? Or do we treat them as if they defaulted and don't lend against them?" Plosser said. "Those are more policy questions."s at the basement of Marriner Eccles getting refills and start the warm up process.

[Roque]

Bonsoir

J'ai fait cet exercice il y a deux ans. Si cela peut aider ... je n'ai ni le temps, ni le courage (ça va me faire peur) de mettre à jour ces informations.

Cliquez pour agrandir

A+

[Myckcose]

Egan-Jones Downgrades US From AAA To AA+


From the release:

Real GDP increased at an annualized rate of 4.0% in Q1 2011, following an increase of 3.5% rise in the prior quarter. Personal consumption expenditures, exports, and nonresidential fixed investment contributed positively to growth during the quarter. Meanwhile, imports rose sharply.
In the March 2011 quarter, trade in goods and services resulted in a deficit of $562B, many because of the high price of petroleum. However, the major factor driving credit quality is the relatively high level of debt and the difficulty in significantly cutting spending. We are taking a negative action not based on the delay in raising the debt ceiling but rather our concern about the high level of debt to GDP in excess of 100% compared to Canada's 35%. Nonetheless, since the US's debt is denominated in dollars, a hard default is unlikely.
Protean Deus Daemon Lar Phoenix.

[mpcdmu]

[Ju.F]

Portugal : une entreprise sur cinq, un foyer sur sept en retard de paiement sur les emprunts (Portugal News)
mardi 12 juillet

One in every five Portuguese companies is failing on its bank loan repayments, the result of which has now accumulated to an estimated €6 billion, according to a statistic’s bulletin released this week by the Bank of Portugal.

Figures published on Wednesday revealed that unpaid debt continues to grow in Portugal, and that by the end of this first quarter of 2011, 22 percent of companies with loans had failed to meet the repayments. This is a rise of 1.3 percent in comparison to the 20.7 percent of indebted companies registered at the end of 2010.

From the total of over €119 billion loaned by banks to non-financing companies, the ratio of credit earned is more than five per cent, or €5.9 billion.

...

Fourteen point two percent of families are behind on loan payments (5.5 percent regarding mortgages and 15.7 percent regarding personal loans), whereas at the end of last year that figure was 13.8 percent.

This translates as Portuguese families owning more than €5 billion to banks.

Source Portugal News

[mpcdmu]

Bonjour,

La réalité dépassera t-elle la fiction ?

Cordialement.

http://www.boursorama.com/votreinvite/interview.ph...

[Funny Fish]

EUR Plunges After Lagarde Intimates On Greek Bankruptcy

http://www.zerohedge.com/article/eur-plunges-after...


"The EURUSD just took a big tumble following a report that Christine Lagarde, the IMF's new boss, announced that her new agency has not yet discussed Greek aid details, and made it clear that "nothing should be taken for granted on Greece." Since the only thing that is being taken for granted is that Greece will be bailed out, it is easy to see why the EURUSD just lopped off 60 pips in seconds. Not very surprisingly, this fits with what the Chairman of Commerzbank Martin Blessing told the Frankfurter Allgemeine Zeitung earlier. It appears that the dining room table is being set for what the EUR's chef believe will be a brief feast on the Greek carcass, following the country's plunge into SD, or temporary default status. What will happen next, however, is the same thing that happened when Lehman filed: sheer panic, as a global bank runs ensues, and the USD, not to mention gold, all go parabolic. The only possible brief saving grace is once again China, which just reported that its FX reserves rose from $3,197 billion to $3.233 billion. The bulk of that money is now going to purchase EURs and keep Europe afloat one more day."

[argilo]

La solution
tous les prêts en coursdéjà réalisés réalignés au taux de 3%
LE pays reprend automatiquement le chemin de la croissance

Euh, c'est une solution qui a déjà été utilisée et qui a fait ses preuves!!!

[Shortman]

Citation de : pege76 (au 19-06-2011 21:04:06)

Si la dette est renégociée, elle le sera probablement en partie et non dans sa totalité. C'est du pourcentage de dette non payée que dépendra l'ampleur de la crise.

---

Si un credit event est déclaré ca change pas grand chose, ca revient au même pour les marchés.

Sauf a trouvé une magouille du type c'en est un sans en etre un^^

C'est ce a quoi ils réfléchissent.

[pege76]

Si la dette est renégociée, elle le sera probablement en partie et non dans sa totalité. C'est du pourcentage de dette non payée que dépendra l'ampleur de la crise.

[Shortman]

A la question sur les banques.

C'est la faillite pour un certain nombre, mais le pire c'est que ca ce cocentre sur certain pays.

Le risque systémique est sans équivalent dans l'histoire (AMHA, car je suis pas historien)