More Thoughts about the Fed and ECB

The launch of the new 4-year lending facility by the European Central Bank was disappointing. Participation was light. Some 255 banks (of 382 eligible institutions, which represent more than 1300 entities) borrowed a total of 82.6 bln euros. The consensus was for 150 bln euros, and less than 100…

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More Thoughts about the Fed and ECB