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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

Country risk 2008:

Country risk 2008:

Bi-annual Country risk survey monitoring political and economic stability of 185 countries

Monday, May 12, 2008

Minimum living costs increase by 0.17% m/m in April.





Minimum living costs increase by 0.17% m/m in April. The minimum living costs of a four-member family, as calculated by the Union of Autonomous Trade Unions of Croatia (SSSH), increased by 0.17% m/m to HRK 6,206 (EUR 853.7) in April. The average net salary amounted to HRK 4,823 in February and covered 77.7% of the minimum living costs. SSSH also said the minimum costs of a four-member family living in a rented dwelling grew by 0.16% m/m to HRK 7,765, and if the family had a car, the costs increased by further HRK 925. Meantime, the minimum costs for a pensioner was calculated to be HRK 3,550, of which only 57.48% were covered by the average pension allowance. The Independent Trade Unions of Croatia (NHS) also announced that according to its calculations, the average minimum living costs of a four-member family increased by 0.25% m/m to HRK 6,459 (EUR 888.5) in April. The average net wage in February covered 77.3% of the minimum costs, which was 0.57pps less m/m. The minimum costs of a family living in a rented apartments amounted to HRK 8,273 and were 60.35% covered by the net wage.







This is a profound ethical issue. These are very sophisticated operations where the counterparty was not a hedge fund – it was not even a financial institution. Should a grocery chain be selling volatility protection?

Guillermo Ortiz, central bank governor, lambasts investment banks for entering FX trades with local retailer Comercial Mexicana which led to Mexico’s monetary authority having to raise over $8 billion to cover positions

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