Thursday, Aug 09, 2007
Got any spare cash behind the sofa?
Bloomberg: ECB Offers Unlimited Cash as Bank Lending Costs Soar
The European Central Bank, in an unprecedented response to a sudden demand for cash from banks
Posted by mrmickey @ 02:05 PM (220 views) Add Comment
1 Comment
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1. Stoatgobbler said...
Lots of talk here that the Fed will have to do the same, which flies in the face of Bukkake's comments of Tuesday. EUR and GBP getting smashed to smithereens against JPY and some hefty trading losses floating about today in cash markets and equities. The risk here is of some big contagion and correlation heading to 1 in lots of asset classes, bringing many investors to some rather nasty realities. No shortage of corpses soon. Oh and I guess house prices probably end up looking very smelly in the longer run.