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Thursday, December 29

29th Dec - Italian auction to end the year


Italian bond auction coming up - Bloomberg, Reuters.

News (Thu morning) – BTH
Morning Brief (29-Dec) – BNY Mellon
Preview (29-Dec) – Saxo
FX option vols – Saxo
Markets Live – alphaville / FT
Debt crisis: live – The Telegraph
Europe Crisis Tracker – WSJ


EURO CRISIS
Merkel Economic Advisor Does Not Exclude Eurozone Break UpZH
how
Germany plans to deal with the PIIGS laggards: "Over-indebted euro-zone nations must submit to a long-term insolvency rule."

Credit: European Situation In ChartsThe Short Side of Long

Peter Tchir interviewed by BB on ECB, LTROThe Trader

A Thinly Veiled BailZH
The ECB is borrowing U.S. Dollars from the Fed to bailout European banks. And that is in addition to the Long Term Refinancing Operation (LTRO).

OTHER
Iran Outlines Key Steps And Actors In A Potential Straits Of Hormuz ClosureZH
The Middle East Media Research Institute's blog has caught a release by an Iranian website Mashreq News, which spells out the step by step details of just how such a closure would be enacted.

Kass: 15 surprises for 2012Pragmatic Capitalism

Mish 2012 Predictions; 2011 Year in Review with Max KeiserMish’s

Bamboozled By Your Bias Blind SpotThe Psy-Fi Blog
Most people accept that other investors are affected by biases, but refuse to agree that they themselves also have biases.