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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (2990)12/18/2007 11:49:33 AM
From: ggersh  Read Replies (1) | Respond to of 71456
 
Between the ECB,FED, and BOE they must've injected nearly a Trillion dollars at the problem, and nothings worked....Wall St. screwed the world with all the leverage they put out there..WMD=Derivatives.....IMHO



To: Real Man who wrote (2990)12/18/2007 11:58:31 AM
From: RockyBalboa  Read Replies (2) | Respond to of 71456
 
Vi, on reading the it, I ask you?
The banks receiving the funds must put it someplace. The tenders carry usual interest rates, so any bank taking an allocation and not investing it is losing money on the spot.
They tendered 348.61B at 4.21% (representing $500B at 1.4343).

Its not a small amount; it its more than what all Europeans spend on chrismas purchases.

But to clarify, it is not a new tender. It replaced expired money of some 192B. Yet it bears the question: How does to ECB to drain this liquidity in an orderly fashion?? (If it is not made permanent).