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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: bart13 who wrote (85153)12/28/2011 4:10:29 PM
From: Hawkmoon  Read Replies (1) of 219694
 
What's particularly interesting is that a good majority of the 1% LTRO money has been re-deposited with the ECB, drawing a quarter of 1%.

This means they are taking a 3/4% hit on the money they borrowed for any period they keep it at the ECB.

Hmmmm..

Hawk
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