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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ldo79 who wrote (351817)	12/26/2007 4:10:01 PM
From: lifeisgood	Read Replies (1) \| Respond to of 436258

Some of us are. Most professionals, no doubt including Gross, find what they are witnessing beyond belief. For instance, this week the European Central Bank (ECB) pumped into the European monetary system no less than $500 billion in one shot. This is a truly mind-boggling amount of money, and such a move was not merely unprecedented but also unimaginable in size - until now. The sheer amount of money is incontrovertible evidence that the banking system - in this case that of Europe, but ultimately all the national and regional systems are interlinked - is in the most terrible state. As a "professional" that writer should have the intelligence to know that the EU $500 billion "infusion" were merely rollovers. No big deal and certainly not monetary "infusion." They are all temporary too, not permanent operations. Again, no big deal. In actuality, there was no permanent monetary infusion. That is a myth and a ploy designed to juice the markets. best... LIG