Comments on: ECB: Record 442 billion Euros “Stimulus by Stealth” http://www.aleablog.com/ecb-442-billion-euros-stimulus-by-stealth/ Alea Jacta Est Mon, 12 Jul 2010 20:04:31 +0000 hourly 1 http://wordpress.org/?v=3.0 By: jck http://www.aleablog.com/ecb-442-billion-euros-stimulus-by-stealth/#comment-3269 jck Wed, 24 Jun 2009 16:34:59 +0000 http://www.aleablog.com/?p=3852#comment-3269 And I guess that the banks did just that, as the volume is way above the 300 billion that was expected. Perhaps there is a lesson for the fed here, instead of gimmicks like the TALF, if it wants to put money in the system, just do it a la ECB... And I guess that the banks did just that, as the volume is way above the 300 billion that was expected. Perhaps there is a lesson for the fed here, instead of gimmicks like the TALF, if it wants to put money in the system, just do it a la ECB…

]]> By: AJ http://www.aleablog.com/ecb-442-billion-euros-stimulus-by-stealth/#comment-3268 AJ Wed, 24 Jun 2009 15:54:37 +0000 http://www.aleablog.com/?p=3852#comment-3268 Thanks for covering this JCK. The following comment is amusing. ... tomorrow's offer will be available at the ECB's main interest rate of just 1 per cent, the lowest ever .... "If I were a bank I would be gathering up all the furniture to use as collateral to take part." said Erik Nielsen, European economist at Goldman Sachs. Thanks for covering this JCK. The following comment is amusing.

… tomorrow’s offer will be available at the ECB’s main interest rate of just 1 per cent, the lowest ever ….

“If I were a bank I would be gathering up all the furniture to use as collateral to take part.” said Erik Nielsen, European economist at Goldman Sachs.

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