August 29, 2012 archive

Aug 29

The ECB’s role against spread

Beyond the debate over the pros and cons of direct ECB’s actions to sustain the price of European bonds under attack, Andrew Bosomworth, managing director of the German office of Pimco, the world’s largest investor in government bonds, fears that the new program will mainly attract speculators rather than long-term lenders. “If interest rates for …

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Aug 29

Peak cheap oil

Although Barclays Capital expects the crude market tightens by 2.4m barrels a day (bpd) this quarter, with little extra supply in sight, and  Goldman Sachs said the industry is chronically incapable of meeting global needs – “It is only a matter of time before inventories and OPEC spare capacity become effectively exhausted, requiring higher oil …

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