| Swapstream Announces 33 Participants for CME Swaps on Swapstream, the ...
CHICAGO and LONDON, Feb. 4 /PRNewswire/ -- Swapstream, the market-leading multilateral electronic trading platform for interest rate swaps (IRS) and subsidiary of CME Group, today announced that 33 buy-side participants have committed to an Early Adopter Program (EAP) for CME Swaps on Swapstream, the first centrally-cleared interest rate swaps available to all over-the-counter (OTC) market participants. The new CME Cleared Swap Product will trade on Swapstream's sPro(TM) platform and will be centrally cleared through CME using its OTC clearing solution, CME Clearing360(TM). The firms, representing a wide spectrum of US, European and Middle Eastern financial institutions, will lead the effort to bring this new and innovative product to the $271 trillion interest rate swap (IRS) market.
Edwin Coppock, Fed Fund Rates and The Dow
Aha there you are readers, I couldn't see you, hidden behind all that steam rising from the cups of mulled wine. A warm welcome to the last letter for 2007 - did I hear cheers and whoops of delight? Well its to be expected I suppose, I have been a rather grizzly writer over the past 2 years and I know you would prefer to see a more positive outlook. However, a positive outlook requires positive action to happen now that will help further ahead on the economic road. Alas, I am not seeing too much that gives me cause for hope. I hope you found time to visit http://www.livecharts.co.uk/livewire/ and read the articles posted. As well as shorter articles covering topical subjects by myself you will find articles written by others too. Its well worth a visit. As you know I try to peer into the future and divine what the economic outlook has in store for us.
Lenders freeze equity lines in response to tumbling property values
Several banks issued statements this week saying they were temporarily suspending withdrawals from open home equity lines out of concern that borrowers could owe more than the house is worth.Historic declines in property values have stripped many local homeowners of their safety nets as lenders freeze lines of credit ---- even on people who are current on their mortgage payments. "It's an emotional hardship," said Patti Lien of Menifee. "We kept our credit good. We've done everything right, and this is what we get because Countrywide made all these crappy loans." .
Radio Talk
Here are some technical feedback from a skeptical reader. I'm no technical expert so if anyone wants to challenge David, feel free: Mr. Ho —- A few salient points, requiring only a minimum of research, went missing from your piece on HD Radio: 1) Ibiquity made generous deals with the big radio station owners to get HD broadcasting equipment installed. In turn, radio station owners have additional avenues (i.e., stations or channels) for ad revenue without needing more bandwidth from the FCC. 2) Large radio station owners have proven time and again more stations does not equal more variety. In fact just last week the AJC ran a story on this very subject. True variety only happens when small stations are nourished, something the FCC in recent years has not encouraged.
Hip-Hop Rumors: Bump J FREE!?! Jim Jones' Reality Show? Mike Jones ...
Apparently the UK writers weren't all happy about the way things where handled, but I think that Def Jam was on point. In this era, a cell phone can = a leak. Here is what somebody said:
It was so deep, you were officially not allowed to actually leave your seat while they played tracks - not even to go to the toilet. Then you had to hand your lyric sheets back into the door goons like it was school assembly or summin. Why are American's so over the top? I mean, is there any need? All phones and everything were also confiscated...
BACK TOGETHER – EDDIE AND TRACEY
Well, not exactly. They just decided to issue a joint press statement on why they aren't together.
Patrick defends Obama on national TV
This whole flap is a page out of the Republican "Swift Boat" playbook. Take your opponent's strenght and undermine it! I expect the Clinton camp to trot out a group of retired speech writers who "were with Obama in Illinios" and know that he didn't write all of the speeches credited to him. .
Davos '08: Commodities Play With The Globalization Game
The commodities boom may be a source of unwelcome inflation, but it has also been a powerful engine for emerging market economies and will very likely be a key component of the global growth equation in 2008. Government and corporate leaders from both developed and developing countries gathering in Davos Switzerland for the World Economic Forum's annual meeting will be weighing in regularly on that economic dynamic. With the exception of crude oil and gold -- some would also say platinum – most economists and money managers are not expecting the extraordinary gains of recent years to continue in 2008, as demand and capacity become more in sync. .
Soft miners, banks keep lid on stocks
THE Australian stock market was little changed at noon amid subdued trading, although the big miners were weaker after base metals prices came under pressure again. The benchmark S&P/ASX200 index was 0.4 points higher at 6334.7, while the All Ordinaries had gained 1.1 points to 6396.2. On the Sydney Futures Exchange, the December share price index contract was seven points lower at 6364 on a volume of 5,580 contracts. Austock Securities senior client adviser Michael Heffernan said the market lacked firm direction. "It's been a bit choppy, which is not surprising given the fact that is no lead from our normal leader, which is the US," Mr Heffernan said. "Commodity prices were a bit on the soft side.' "It is interesting that the major drivers of our market, the banks and financial sectors, are in negative territory." Following a round of profit-taking in the past couple of sessions, it could be time for investors to buy again, Mr Heffernan said.
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