« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Gross LTRO Liquidity Injection - €489 Billion; Net: - €210 Billion

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 21 Dec 11 6:09 PM | 38 view(s)
Boardmark this board | De's Test Board
Msg. 37281 of 45651
Jump:
Jump to board:
Jump to msg. #

Submitted by Tyler Durden on 12/21/2011 - 07:38 European Central Bank Open Market Operations SocGen

SocGen explains why the €490 billion LTRO number is misleading and why, net of rolls, the actual new liquidity is about 60% lower. In other news, don't forget to add €210 billion in net "assets" to the ECB's already record balance sheet of €2.494 trillion, bringing it to a fresh new record of €2.7 trillion, or $3.5 trillion. At what point will the market start asking questions of the world's most insolvent Frankfurt-based hedge fund (which has repeatedly said it refuses to print cash to cover capital shortfalls) we wonder.

Comments: 30
Reads: 2,667

http://www.zerohedge.com/news/gross-ltro-liquidity-injection-%E2%82%AC489-billion-net-%E2%82%AC210-billion




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next