betekenis van het woord SHORT

Erdogan: Turkije betaald al zijn schulden af aan de IMF in 2013.

Turkey will clear its remaining $1.3 billion (804 million pounds) of debt to the International Monetary Fund (IMF) by next April, Prime Minister Tayyip Erdogan told a ruling party congress on Sunday.

Turkey will clear its remaining $1.3 billion (804 million pounds) of debt to the International Monetary Fund (IMF) by next April, Prime Minister Tayyip Erdogan told a ruling party congress on Sunday.

In the past the Turkish government relied on IMF loans to meet financial SHORTfalls, but it has managed to do without the aid since 2008. It has been gradually reducing its debts to the fund, which stood at $1.9 billion in late May.

"We took over $23.5 billion of debt. As of now we have $1.3 billion of debt and we will cut it to zero in April. We are holding technical discussions now," Erdogan told party members at the congress.

Voedselprijzen rijzen de pan uit - richting de dangerzone

Last summer, two researchers from the New England Complex Systems Institute published a SHORT paper examining the correlation between rising food prices and civil unrest. It was a timely analysis, to say the least. A number of food riots were occurring throughout the world, not to mention waves of revolution sparked by the high cost of food.

This is nothing new; throughout history whenever people have struggled to put food on the table for their families, social unrest has been a common consequence.

Augustus: De Vlucht van de Spaanse Deposito's 2.0

The crux of the "pain for Spain" was exposed in August, when the world learned that despite all attempts to the contrary, Spanish banks are no longer perceived as safe by the locals, and the result was a record 5% deposit outflow in one month from local banks: cash that was promptly redeposited elsewhere in the Eurozone. And as money flow theorists know all too well, if cash is exiting the Spanish banking system - i.e., if the confidence is just not there, not only is growth impossible, not only are any austerity plans or otherwise to push GDP higher futile, but all attempts to save the local banking system - which is now reliant on the ECB for funding to the tune of a record €412 billion, and which means the country has already been bailed out by the ECB - are futile and merely sunk, literally, costs. In SHORT: the deposit outflows continued, and while not at the record July 5% pace, a whopping €17 billion, or 1.1% of total, deposits left the country for good and is unlikely to come back.

Spanje raakt zonder geld, rente boven 6%

Het valt niet mee voor Mariano Rajoy. De Spaanse premier, die een aanvraag weigert te doen bij het EFSF noodfonds, wordt door financiële markten gedwongen om zijn trots opzij te zetten. Hoewel de ECB twee weken geleden beloofde in te zullen grijpen als rentes van de obligaties te ver opliepen zat hier wel één conditie achter. Het land moet zich overgeven aan de ECB en het IMF. Zonder de hervormingsmaatregelen van beide instanties zou het land geen hulp krijgen. Het plan zorgde ervoor dat SHORTs flinke scheuren opliepen, een permanente oplossing is het niet. De kans dat het land echter gaat aankloppen bij het noodfonds wordt met de dag groter. De reden is simpel; Spanje raakt snel zonder geld.

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De balans van de FED in 2013: $4 biljoen?

Imminently, the Fed's Open Markets Operations desk will commence buying $40 billion in MBS per month, or about $10 billion each week. Concurrently, the Fed which is continuing Operation Twist, will still purchase $45 billion in "longer-term" Treasurys, sterilized by the $45 billion or so in 1-3 years Bonds it will sell until the end of the year at which point it runs out of SHORT-term paper to sell.

End result: every month through the end of 2012, the Fed's balance sheet expands by $40 billion in MBS.