Europe - ECB (May 08 - Dec 25)

[winston]

Boost From ECB Lending Seen Limited

LONDON (Reuters) - Europe’s banks borrowed nearly 490 billion euros from the European Central Bank at its first-ever offer of three-year loans on Wednesday, encouraging demand for the euro and stocks on hopes the funding will ease the two-year old debt crisis.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281

[Chinaman]

Boost From ECB Lending Seen Limited

LONDON (Reuters) - Europe’s banks borrowed nearly 490 billion euros from the European Central Bank at its first-ever offer of three-year loans on Wednesday, encouraging demand for the euro and stocks on hopes the funding will ease the two-year old debt crisis.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281

just curious, where do ECB get the $830b......print money, isit?
I am trying to trace the original source, how money drop from sky....or create out of thin air.

can any bro or sis enlighten my doubt...thanks

[kennynah]

Ultimately, all fiat money is printed...

[Chinaman]

Ultimately, all fiat money is printed...

Thanks bro K for yr pointer.

Oh! lidat huh.....i mustn't keep cash hor.

But buy stocks, loose money
Buy gold or ppty now too high

Oh yar! borrow now pay later, since money getting smaller each day. Hence our loan getting smaller too...
this is how the american gg to pay to china for the next few decades. By then 1 piece of bread cost you 100USD...hmms, dunno this will happen.

[winston]

Record liquidity provision by the ECB has seen much of the money parked right back at the ECB, but some of it has surely been channaled into sovereign debt as Italy managed to meet its refinancing needs even if costs at the long end of the curve remain high.

This "backdoor" QE, is putting some confidence back in global equities. But we warn that the year ahead is not all clear as underlying causes - economic divergence under a single monetary policy - has yet to be tackled in a big way.

Measures of systemic risk still remain elevated.

Source: Phillips

[kennynah]

This above is all BS

[winston]

In a sign of how wary European banks are of lending to each other, commercial lenders' overnight deposits at the European Central Bank hit a new record high of 453 billion euros, data showed.

Source: Reuters

[HengHeng]

when the amount is small it is the banks problem but when it is big it is the countries problem.

That's whats happened in US in the post Lehman bros and CDFs .

Eventually someone has to pay for their mistakes. In Europe , too many Indian chiefs and those blokes has it easy for them for the past decade making use of China's cheap labor and importing , time for payback.

[kennynah]

this is the beginning of the fall of europe, following usa and the rise of China

[winston]

ECB sees "substantial" effect from cheap money

FRANKFURT (Reuters) - The European Central Bank's flood of cheap three-year money is helping the euro zone's banking system substantially and supporting confidence in the bloc's economy which is showing some signs of stabilization, its president said on Thursday.

http://www.reuters.com/article/2012/01/ ... Name=usdai