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Gilts are UK Treasury bonds.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sun Jan 4th, 2009 at 04:44:50 AM EST
[ Parent ]
That means that whatever liquidity's around is not lent to the economy but park it in government bonds. The banking sector is not doing its most basic job, in other terms (or doing it so well, ie considering that everything is too risky right now).

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sun Jan 4th, 2009 at 04:46:49 AM EST
[ Parent ]

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