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| Economy |
| Europe's debt crisis bites home |
| 2011-09-16 |
| The Bank of England joined the US Federal Reserve, the European Central Bank, the Swiss National Bank and the Bank of Japan on Thursday to announce that they would flood money markets with dollars over the coming months. .... Under the terms of the deal, banks will be able to bid for unlimited amounts of US dollars at fixed interest rates in three separate auctions. The first of these will be on 12 October. |
| Posted by:Procopius2k |
| #4 Spengler's alter ego had this to say: My view is different: the market is starting to understand that EuropeÂ’s problems are NOT a crisis, just a negotiation over who will own what of Europe when the dust settles. The Chinese made clear that if Europe wants to sell its best assets, they will be happy to buy some government bonds as well. The sort of deadbeats who live off the government payroll in southern Europe will emigrate, or die, or something like that. And the impact on the world economy will be trivial. Quite different from what the others are saying. |
| Posted by: Anguper Hupomosing9418 2011-09-16 12:07 |
| #3 Call me when they don't have money for "Palestinians". |
| Posted by: g(r)omgoru 2011-09-16 11:38 |
| #2 It didn't work in the past, but this time it'll work! Oh and there's positively no link between inflation and unemployment.... /sarc (for those who need it) |
| Posted by: Bright Pebbles 2011-09-16 07:40 |
| #1 Karl Denninger had this to say: The Fed previously (like more than a year ago) announced these swap lines and more-recently announced their extension. So not only is this not new, it's not news! |
| Posted by: Anguper Hupomosing9418 2011-09-16 00:49 |