Europe - ECB & BOE 01 (May 08 - Nov 11)

Re: Europe - ECB & BOE

Postby kennynah » Sun Oct 02, 2011 11:12 pm

on Oct 6, it is widely expected and anticipated that ECB will chop rate by 25 basis points...

and by now, all relevant instruments would have already factored this almost 100% eventuality.

BUT if it disappoints, all hell will break lose...ie, /DX will tumble, gold/silver will rush up
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Re: Europe - ECB & BOE

Postby winston » Thu Oct 06, 2011 7:13 pm

BoE launches QE2 with US$116b cash boost

LONDON - The Bank of England voted on Thursday to buy 75 billion pounds (US$116 billion) more in assets to shield Britain's economy from the euro zone debt crisis and keep the faltering recovery going.

Source: Business Times
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Re: Europe - ECB & BOE

Postby kennynah » Thu Oct 06, 2011 7:34 pm

BoE interest rate held at 0.5%
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Re: Europe - ECB & BOE

Postby kennynah » Thu Oct 06, 2011 7:47 pm

ECB stays 1.5% - no cuts
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Re: Europe - ECB & BOE

Postby kennynah » Thu Oct 06, 2011 8:07 pm

winston wrote:BoE launches QE2 with US$116b cash boost

LONDON - The Bank of England voted on Thursday to buy 75 billion pounds (US$116 billion) more in assets to shield Britain's economy from the euro zone debt crisis and keep the faltering recovery going.

Source: Business Times


the way BBC explains this QE is very apt.. it says

BoE PRINTS money and gives that to banks and in return receives assets. blah blah blah....


when you visit casinos, they "print" money too... in the form of playing chips...
you hand over real cash for those plastic chips....

for the conspiracy theorists, they will believe this is how BoE (which by the way, just like Fed Reserve), a privately held bank, controls society... it prints phoney money and gets real assets(like bank shares, businesses, buildings, gold, etc)...

brilliant :!:
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Re: Europe - ECB & BOE

Postby Chinaman » Thu Oct 06, 2011 8:29 pm

kennynah wrote:
winston wrote:BoE launches QE2 with US$116b cash boost

LONDON - The Bank of England voted on Thursday to buy 75 billion pounds (US$116 billion) more in assets to shield Britain's economy from the euro zone debt crisis and keep the faltering recovery going.

Source: Business Times


the way BBC explains this QE is very apt.. it says

BoE PRINTS money and gives that to banks and in return receives assets. blah blah blah....


when you visit casinos, they "print" money too... in the form of playing chips...
you hand over real cash for those plastic chips....

for the conspiracy theorists, they will believe this is how BoE (which by the way, just like Fed Reserve), a privately held bank, controls society... it prints phoney money and gets real assets(like bank shares, businesses, buildings, gold, etc)...

brilliant :!:


Dat why i always advocate, keep hard assets. Dun cling to paper money, if u treat the USD like banana currency overnight it becomes toilet paper...they are more cleverer than our lky, who imposed coe, erp, gst..they just key in how money zerossss you want and electronically transfer dat all..superb, we stingy like shit, save n passed the hardcash to American to spend
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Re: Europe - ECB & BOE

Postby kennynah » Thu Oct 06, 2011 8:37 pm

bro C : ho say bo? ;)

you are right...must use fiat money to buy hard assets... those things will last from generation to generation...money?? after too long, also turn yellow..worst, after a long while, old money become non legal tender...haha..

if you have those old 50cents (very big diameter and heavy, with a mythical tiger on the back) and try to use it, the uninformed may not want to accept them... i inherited several of these and i will never spend them away... too precious as an ornament...
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Re: Europe - ECB & BOE

Postby kennynah » Thu Oct 06, 2011 8:52 pm

trichet tenure as ECB chef ends today..
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Re: Europe - ECB & BOE

Postby winston » Thu Oct 06, 2011 10:33 pm

ECB sees sharper downside risks, pumps in more liquidity

BERLIN (Reuters) - The European Central Bank sees "intensified" threats to the euro zone economy and will provide struggling banks with longer-term liquidity to ward off a new credit crunch, President Jean-Claude Trichet said on Thursday.

To help banks withstand a further worsening of the European sovereign debt crisis and growing tension in the interbank market, the ECB threw another lifeline to commercial banks by renewing offers to lend them one-year funding in two operations, this month and in December.

Trichet also said the ECB would start buying covered bonds again, reopening the 60 billion euro program it ran between 2009 and 2010 by spending 40 billion euros over a 12-month period from November, buying in both the primary and secondary markets.

Covered bonds are bonds backed by assets such as mortgages and public sector loans and are perceived as safe and high-quality assets.

http://www.reuters.com/article/2011/10/ ... inessearly
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Re: Europe - ECB & BOE

Postby winston » Sat Oct 29, 2011 9:49 am

While you were jumping up and down with joy ...

Trichet says "crisis not over"

BERLIN (Reuters) - European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper to be published on Sunday, that the euro zone sovereign debt crisis was not yet over and that it was too early for the all-clear signal.

In an interview to appear in Sunday's Bild am Sonntag newspaper, Trichet said that he was, however, confident that euro zone governments would be able to restore financial stability, provided the bloc's Stability Pact rules are comprehensively and more aggressively enforced.

Trichet said the agreements reached by European Union leaders this week need to be enacted in a very precise and quick manner. He called it "absolutely decisive" that those decisions are quickly and completely enacted.

"The crisis isn't over," Trichet told the German newspaper, according to an advance text released early on Saturday.

"But after the decisions made this week, I'm nevertheless confident that the governments will succeed in restoring financial stability," said Trichet in one of the final interviews of his term leading the ECB.

Trichet said: "The decisions reached at the summit need a very precise and timely implementation. The euro zone's government leaders have a program, now hard work awaits the governments and European Commission.

Source: Reuters US Online Report Top News
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