Weak financial conditions, fiscal consolidation and economic adjustment are restricting demand in the short-term before the long-term benefits on stability and growth are felt. Decisive action to restore confidence and support demand is needed now. Euro area finance ministers meeting this week need to boost the firepower of the European stability funds to at least one trillion euros, OECD Secretary-General Angel Gurría said today. The current level of commitment to the...

a new paper from David McKibbin         Progressive Credit Risk Management (CRM) transparently presents “own credit risk” to improve Asset-Backed transaction terms. When the CRM output is combined with insurance and funding methodologies, the financial benefits are striking. This is because banks rarely offer funding terms based on a due diligence process as thorough as the company themselves can execute daily. Policymakers are keen for banks to lend....

Make your own bank stress test

LTRO will fail, mark my words and we will be back in another crisis this year when the LTRO bubble unwinds, if I can see it, then they can see it, they are playing games, re-arranging deck-chairs, they live in a solipsistic private language and to hang with the rest of us!   Think about it, as LTRO triggers on the leap day TODAY, why is the Central Bank being forced to do this against its will? The European monetary transmission mechanism doesn't have an IMF-Equivalent;...

Stress Tests are fundamental (at both the MACRO and MICRO level). Given that Basel-Pillar 2 is the macro prudential interlock point between the authorities and the transmission mechanism; Stress Tests have to be conducted properly since their results are fundamental to macroeconomic policy and the welfare of citizens.   THE SEQUENCE OF EVENTS ON ASYMPTOTIX   SECRETS LIES & SMOKE AND MIRRORS read more

This is a summary blog post, so that the White Papers can catch the TAG process which we have implemented. That is we can bundle the White Papers under Topic Headings. This is the collection of asymptotix White Papers on the topic of Software or Solution Architectures for Financial Services. read more

When one takes the time to acquaint oneself with the facts about the operation of the gold markets, and the two very different beasts, paper gold and Physical Gold, it becomes an exercise in stifling the most enormous laughter to read Buffet's assertions!   read more

An asymptotix approximation by J A Morrison   INTRODUCTION It's LTRO[1] that I’m talking about this time! LTRO the latest version of “economic life support those” crackpot surgeons in the Central Banks and Treasuries of Europe have come up with. What is the issue with it? As LTRO2 approaches, to on the leap day (29/2/2012) I present a number of theses about LTRO; 1.      LTRO is a workaround for Crowding Out 2.      LTRO...

OR How Oil is about to show the world the TRUE value of Physical Gold. The political nexus into which the dollar and gold are co-dependently enforced. A radical view focussed on recent sanctions on The Islamic republic of Iran. For the west in more ways than one; we are heading on a continuum of revisionism towards a very new normal and it doesn’t look good. read more

I have promoted this set of Linx from a comment to our blog post "The New Banking Transparency ..."; (link below), [I never thought it really fitted there] to a wee blog post, all on its own, so that I can tag it with relevant tags ... isn't that so sad; anyway its a useful set of links on this topic if you are sufficiently nerdy to be interested .... read on MacDuff ...       Below a set of references, typically 'asymptotix-eclectic' which...