The $50 billion in renewed FX swap lines at the beginning of December was a nice stocking stuffer for the eurozone. And you might recall the recent disclosure of the $7.7 trillion that the Federal Reserve loaned out to global banks to stem the impact of the 2008 financial crisis. But the big present has yet to be delivered ... Currency Currents 19 December 2011 https://www.mcssl.com/content/166063/CC/121911_CC_final.pdf |
Monday, December 19, 2011
Black Swan Capital: To Europe from the US - will this hold you over?
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