This page has been archived and commenting is disabled.

ECB Emergency Lending Facility Spikes Again

Tyler Durden's picture




 

EUR3.386bn was borrowed at a rate of 2.25% yesterday from the ECB's MLF - the highest in over a month. Whether this is related to UBS, we have no idea, but we await the denials form various French banks that they partook of this expensive funding.

Chart: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 09/15/2011 - 03:37 | 1672223 gojam
gojam's picture

For God's sake, Default and get it over with !!!!!

Thu, 09/15/2011 - 03:46 | 1672236 Radron33
Radron33's picture

Please! : )

Thu, 09/15/2011 - 04:44 | 1672276 NewThor
NewThor's picture

"The future is uncertain and the end is always near.

 so let's roll baby, roll."

I'm feeling so year 3000 tonight,

and I love all of you.

I'll take 7 billion and the truth

over a quadrillion federal reserve notes 

and a mountain of gold,

their alchemy is sooooo 

year 1000

energy. matter and emotion.

like, forever plus 

Central banks have shorted God

for far too long.

Thu, 09/15/2011 - 06:14 | 1672354 augie
augie's picture

Wow.

Thu, 09/15/2011 - 03:40 | 1672228 Kina
Kina's picture

Global financial system on the verge of collapse thus European stocks ramping up.....because according to Marketwatch it is all optimism.

 

I think Marketwatch authors must first shove their pens up their anuses before they write, since most of it reeks of shill shit in the extreme. Anybody reading sites like Marketwatch would be totally unaware of the critical problems that are facing the global economy right now and think a grand recovery is just over the next hill.

 

I expect fraud central banks to ramp stocks 10% 20% because everything is wonderful since Greece grabbed a twig on the way down the cliff face.

Thu, 09/15/2011 - 05:07 | 1672291 nachtliche
nachtliche's picture

So we've been anticipating the global financial collapse for years now, so it's going to happen this week finally? Don't bet your house, never underestimate banksters shenanegins & dirty tricks that continually delay judgement day. 

Thu, 09/15/2011 - 03:43 | 1672232 blunderdog
blunderdog's picture

Bullish as hell.

Thu, 09/15/2011 - 05:17 | 1672299 Oh regional Indian
Oh regional Indian's picture

Is that the opposite of the Bearish as Heaven trade?

ORI

VVP

Thu, 09/15/2011 - 03:50 | 1672239 lolmao500
lolmao500's picture

Europe needs a final solution for the problem of the pro-bailout shills.

Thu, 09/15/2011 - 04:17 | 1672258 PeeTee
PeeTee's picture

Don't the Germans have some experience with this "Final Solution" business?

Thu, 09/15/2011 - 05:16 | 1672298 DirtMerchant
DirtMerchant's picture

Greed kills?

Thu, 09/15/2011 - 04:35 | 1672274 magpie
magpie's picture

There already was someone on BBC calling for the Final Solution to the Debt Problem.

Thu, 09/15/2011 - 03:52 | 1672241 Gandalf6900
Gandalf6900's picture

french banks are reportedly well capitalized correct....oh wait thats bank of america never mind!

Thu, 09/15/2011 - 04:00 | 1672249 Dick Darlington
Dick Darlington's picture

And equities celebrating this and all the other great news from insolvent Europe. IBEX celebrating accelerating downward spiral in Spanis houseprices etc. Celebration bitchez!

Thu, 09/15/2011 - 04:30 | 1672269 hungarianboy
hungarianboy's picture

Doesn't matter. FRA/OIS dropping

Thu, 09/15/2011 - 04:56 | 1672287 chump666
chump666's picture

and EZ banks have gone into a panic buy up of equities...it's outta control.  

Thu, 09/15/2011 - 05:11 | 1672292 Zero Govt
Zero Govt's picture

Big Thanks ECB.. given me (and others) more time to 'Exit Stage Left' with our money not torched in a bank default ...ECB did the same in Irleand and Greece, pumped money in one end and the depositors exited with the cash out the other (love it;)

...mighty nice of you retards in Brussels, let's have a round of applause for the upside to Officialdumb (born stupid)  

Thu, 09/15/2011 - 05:34 | 1672324 Robslob
Robslob's picture

 

 

Futures like the news

Thu, 09/15/2011 - 05:50 | 1672336 Alert
Alert's picture

Tyler,

 

You keep on posting news all day and all night.  When do you sleep?  Are you a bot?  lol

 

Thu, 09/15/2011 - 06:09 | 1672349 s2man
s2man's picture

Yeah, that's a pretty early post for Tyler.  He may have a bot finding the news for him, but could a bot make witty, sarcastic comments?

I admit, I am a ZH addict, Tyler.  Thanks for all your work.

Thu, 09/15/2011 - 05:51 | 1672337 FederalReserveB...
FederalReserveBankofTerror's picture

Please post more pictures or videos of the ECB's MILF. I will be occupied massaging myself until the wipeout occurs. Long: Aveeno Daily Moisturizing Lotion. "YAWN".

Thu, 09/15/2011 - 05:59 | 1672343 gnomon
gnomon's picture

The REAL economy continues to grind down in both the U.S. and Europe, (and elsewhere).  That is what will finally pull the plug on this reeking artifice.

A virtual economy can not sustain. 

Thu, 09/15/2011 - 06:30 | 1672367 hungarianboy
hungarianboy's picture

Watch gold as it is most likeley losing it's support and plummet towards $1710 per ounce.

Thu, 09/15/2011 - 06:52 | 1672392 Enkidu78
Enkidu78's picture

I hope so, more for my fiat for now!!  It will always be going up though once US QE3 hits and UK QE2 starts.

Thu, 09/15/2011 - 06:45 | 1672382 Mentaliusanything
Mentaliusanything's picture

If you have not been a seller at the "ramp peak" * then I give you bad tidings. We have been making a killing selling you hope and a Holiday on the Old Titanic. 

Bunga Party Bitches.. my place

 

* "Ramp" is an upwardly sloping relief market (artifically placed by HFT computers) that has you out of pocket quicker than a Hooker with Herpes....... Should I now add .... Bitches

 

Pearls to pigs really

Thu, 09/15/2011 - 06:49 | 1672388 Aloysian
Aloysian's picture

A fast forward in the middle of a slow motion (crash)

Thu, 09/15/2011 - 06:55 | 1672395 Mentaliusanything
Mentaliusanything's picture

And I should add the "BIG Finger"

 

http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND

Even the most practiced Colons can't take that big fella.. even Greek colons

P.S For SAT reading failures.. a Colon is the very last part of the elimentary Canal. Or for the drug effected ... the tube you shit Micky Dees out into the Toilet (if your at home) or the Bushes If you are under Bank repossession.

Just being socially encompassing

 

Thu, 09/15/2011 - 07:21 | 1672425 SmoothCoolSmoke
SmoothCoolSmoke's picture

Blah, blah, blah.................. Markets/futes up.  How about some BAD NEWS, that LOOKS BAD, SMELLS BAD, IS BAD..............and toughest of all, makes the MARKETS ACT BAD.   All the rest of this is so much mental gymnastics.

Thu, 09/15/2011 - 07:23 | 1672429 DirtMerchant
DirtMerchant's picture

BTFS! Bitchez

Obviously the market loves this as well as UBS epic fail, I love a good disconnect!

Thu, 09/15/2011 - 07:38 | 1672446 Robslob
Robslob's picture

 

 

Let's make this perfectly clear:

You need to replace the word "MARKET" with words "POLICY TOOL".

 

Thanks

Thu, 09/15/2011 - 07:53 | 1672481 Everybodys All ...
Everybodys All American's picture

Clearly UBS, Socgen, or Credit Suisse wouldn't you say. I suppose Dexia is also a candidate. I have got to think though because of the crazy moves in the swiss franc who ever was at all leveraged on the wrong side got wacked.

Thu, 09/15/2011 - 08:02 | 1672504 Canucklehead
Canucklehead's picture

I wonder, with all the talk about a Eurobond and the requirement that the Germans backstop Europe, is there talk about moving the financial capital of Europe to Germany?  At present, the City of London has jurisdiction over Europe's centre of finance and profits from it.  If the Germans are expected to step up to the plate and bail everyone out, should they not get the benefits of having the FIRE infrastructure moved to their jurisdiction?  If there are any future legal issues, everything would be settled within the constructs of their legal system.

It seems like a simple trade-off...

Do NOT follow this link or you will be banned from the site!