"There’s a bombshell being delivered here - the European Central Bank is about to stop bailing out eurozone commercial banks. And that could mean another big lender going ‘bust’." — David Stevenson
Blogger’s note: Just like in the U.S. and UK, the European Union’s state bank has been extending easy credit to prevent "temporary" illiquidity in [...]
Tags: banks, bear stearns, credit, ecb, european central bank, eurozone, financial sector, institutions, spain, uk, us
“It’s not excluded that, after having carefully examined the situation, that we could decide to move our rates for a small amount at our next meeting. I didn’t say it’s certain. I said it’s possible.” — European Central Bank President Jean-Claude Trichet
by Stephanie Grimmett
Baltimore – (TFN): You can blame a frenchman [...]
Tags: bernanke, central bank, dollar, ecb, eu, euro, european union, Fed, inflation, interest rates, jean-claude trichet, oil prices, paulson, treasury
“Before the string section pipes up, we recommend that the party organisers have a think about sticking a cork in the trombones. The second ten years are going to be a lot less triumphant than the first ten.” — Jody Clarke
by Jody Clarke
Baltimore – (TFN): It’s the European [...]
"Santa Claus glides mysteriously. Helicopter Ben requires expensive aviation fuel and adds to global warming when he does his rescue act. Whatever the vehicle, the action is the same: Flood the world with more money and pray." — Ajit Dayal
by Ajit Dayal, equitymaster.com
Baltimore — (TFN): A week ago, the central banks of [...]
“The Federal Statistics Department in Germany just released that based on preliminary numbers, November inflation over the previous month is up 3% — far higher than estimated.” — J. Christoph Amberger
by J. Christoph Amberger, TFNBaltimore — (TFN): The pundits are restless… seeing conspiracies in every inflation report the Federal Reserve releases. Sure, in a [...]