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... or is it a deal between the Federal Reserve and the ECB / EU National Banks. I read on the FT this weekend that the first month's 40B-50B injection scheme involved selling 20B-25B worth of US securities to Europeans!
by vladimir on Mon Dec 17th, 2007 at 08:23:46 AM EST
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I don't know much about this stuff but I'm guessing that $25B on the world currency markets is not enough to move anything. Since My income is in dollars but my expenses in euros, maybe it's the man (woman?) upstairs toying with me before he kicks me in the balls again.

Hey, Grandma Moses started late!
by LEP on Mon Dec 17th, 2007 at 08:42:33 AM EST
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Here's the link. http://www.ft.com/cms/s/0/d9e03c62-a8bb-11dc-ad9e-0000779fd2ac.html 25B covers 40% of the US current account deficit for 1 month. That's good enough to keep things rolling for now - we'll deal with next month when it comes.
by vladimir on Mon Dec 17th, 2007 at 08:48:02 AM EST
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