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This 2,3 bn equals to the amount that actually settled in the week ended January 17, right? So the whole amount they monetized that week can be higher than that.
peacefully and very gracefully presented the key to its sovereignty to ubercrat Olli Rehn.
+1 very funny:)
If the Bernanke can do it...so can the EU....no one cares !!! As long as I can buy more apps for my iphone, a chipotle and NFLX can stream porn...
...or a pornographic chipotle with the NFL streaming on the iphone
Just don't make me think about tomorrow because my mom and dad might start using my basement bedroom to start storing food and ammo and that will get in the way of my big screen and PS3 and then mom might make me change the Star Wars sheets.
I was thinking the same thing. The ECB came late to the money printing party. The problem for them is the lack of pure central control makes it hard for them to hide the leaks in the boat. The US is more organized at sweeping toxic non performing bank assets under the rug.
Yes, exactly. The US is far, far worse but not nearly so public. Illinois needs its own currency in the worst way but no one is betting on it leaving the dollar. Texas maybe.
Not only "so can the EU" - its what they MUST DO.
It is so obvious why do they play hard to get?
They can delay the day of reckoning for their banksters.
They can delay the day of reckoning for the sovereign financings.
They can improve their export based mercantilist machines.
They have the stronger Euro to weaken from.
Why do they drag their heels? LOL
They're gonna need bigger swap lines.
Even Ron Jeremy is jealous of the size of Bernake's swap lines.
Great! Now you did it. Robo is finding a picture for this...
An interesting question to ask of the architects of the EU. Why did they take over all or most monetary or fiscal or legal authority, but leave this issuance of debt to the government in power?
Especially given the fact that all governments run budget deficits? What a haphazard control system. of course every govt. in power ran away with the debt issuance while the issuance was good and now some new kid on the block gets to face the riots.
It's the same with all of our institutions. No intelligent design, just mal-intentioned in-efficiencies built in. Because the world of debt is profitable for the few who issue it.
The EU will survive, but not in it's current form. We will see a slightly longer run-up (weeks) before Portugal and then Spain take it on the chin.
Q) Hi, I have unlimited money that I can print to keep myself and my friends wealthy and myself and my friends in power. What will I do?
A) QE2, ECB buying debt, any and all other programs
I bail out, therefore I am.
Hmm, that's a lot. Now it seems likely that it was the ECB that made that E1 billion private purchase of Portugal bonds before their last week's auction. Originally it was thought that China bought that issue.
Either way, not much has changed - Spanish and Portugese yields are going up again.
So does this mean that the regular auction process is no longer an option?
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