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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (7350)	12/18/2007 11:41:56 AM
From: RonMerks	Read Replies (1) of 50132

Do you believe central bankers are reflating the global economy, or reigning it in? I think this answers your rhetorical question <vbg>! biz.yahoo.com Stocks Rise on $500 Billion Dollar Tender by ECB Tuesday December 18, 10:52 am ET By Madlen Read, AP Business Writer NEW YORK (AP) -- Wall Street rebounded modestly Tuesday from recent losses, finding some comfort in the European Central Bank's issuance of $500 billion in loans to the world's commercial banks. The ECB's massive 16-day tender boosted investors' optimism that the world's central banks may help bring back demand to the struggling areas of the credit market. The Bank of England also said it will offer additional reserves to lenders Tuesday, after the U.S. Federal Reserve on Monday conducted a $20 billion auction of 28-day credit. -------------------------------------------------------- $500 Billion! The only damn way that gold, or silver are down in this environment is if the central banks are offloading bullion by the pallet load into this market. Following you into battle here Sgt. Slider- I'm buying hand over fist! And what the hell happened to that post and why? I didn't get banned? Ron

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