Just out... Markets are surging on the news that big central banks have unveiled coordinated intervention to ply the market with more liquidity. The market had been fading after that weak spate of economic data. Here's the full announcement from the ECB: The Governing Council of the European Central Bank (ECB) has decided, in coordination with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, to conduct three U.S. dollar liquidity-providing operations with a maturity of approximately three months covering the end of the year. These operations will be conducted in addition to the ongoing weekly seven-day operations announced on 10 May 2010. The schedule for these additional operations is as follows: These will all take the form of repurchase operations against eligible collateral and will be carried out as fixedrate tender procedures with full allotment. Further information on tender procedures can be found on the ECB’s website. Information on related announcements by other central banks is available on the following websites: Bank of England: http://www.bankofengland.co.uk Bank of Japan: http://www.boj.or.jp/en Swiss National Bank: http://www.snb.chBusiness Insider
KAB00M
WORLD CENTRAL BANKS ANNOUNCE BIG COORDINATED
LIQUIDITY PUMPING
15 September 2011 -
ECB announces additional U.S. dollar liquidity-providing operations over year-end
Tender date Settlement date Maturity date 12 October 2011 13 October 2011 5 January 2012 9 November 2011 10 November 2011 2 February 2012 7 December 2011 8 December 2011 1 March 2012
Thursday, 15 September 2011
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bendoverben on Sep 15, 9:09 AM said:
we need more initials, eas, utu, efbr, they all can bail out each other.
Ruckus on Sep 15, 9:15 AM said:
@bendoverben:
Must be a whole lot of people in trouble for this to happen.
ObaMao on Sep 15, 9:55 AM said:
@Ruckus:
Yep - central banker collusion = we're in deep shit/denial
That is exactly what is happening and I think has been for year now. They are using the last effort to give time to something that has only one end and it is not pretty.
ObaMao on Sep 15, 10:12 AM said:
@Jim:
Liquidity Pumping = PRINTING MONEY
said:5
Ruckus on Sep 15, 10:43 AM
@Gorbachev:
These Central Planners are scared to death. They know what will happen once the money stops flowing. They will be written into history books as the ones that caused the Revolution.
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