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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (51139)1/24/2006 9:15:59 AM
From: shades  Read Replies (1) | Respond to of 110194
 
DJ ECB Gold Reserves, Forex Unchanged In Week To Jan 20

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LONDON (Dow Jones)--The Eurosystem's reserves of gold and gold receivables was virtually unchanged at EUR163.797 in the week ended Jan. 20, the European Central Bank said Tuesday.

The Eurosystem's reserves of net foreign currency was also unchanged at EUR161.1 billion during the period.

The ECB said cash in circulation fell EUR4.5 billion to EUR549.4 billion.

Meanwhile, liabilities to the general government rose EUR17.5 billion to EUR60.3 billion.

The Eurosystem consists of the Frankfurt-based ECB and the 12 euro-zone national central banks.


ECB Web site: ecb.int



To: russwinter who wrote (51139)1/24/2006 12:15:14 PM
From: Ramsey Su  Read Replies (3) | Respond to of 110194
 
Why should there be any fear?

From GDW earnings today:
biz.yahoo.com
Aided by a strong real estate market, the Company's chargeoff ratio amounted to zero basis points for the eighth consecutive year." Sandler added, "Our success can also be judged by our nonperforming asset level." At December 31, 2005, Golden West's ratio of nonperforming assets to total assets was just 0.31%, down slightly from 0.32% one year earlier.

ZERO basis points - NO LOSS.