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Quinny
Intermediate Crude
Joined: Jul 03, 2008
Posts: 610
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 Posted: Thu Sep 18, 2008 1:07 am Post subject: International Banking Systems work to steady markets |
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They all join in: European Central Bank, Bank of England, Bank of Japan and Fed have announced co-ordinated effort to steady the market. Don't know what this entails, but they're worried!
Clarified thread title.-FL
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Deleterius
Tar Sands
Joined: Jul 23, 2004
Posts: 27
Location: Europe
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| Posted: Thu Sep 18, 2008 2:55 am Post subject: Re: They all join in |
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| Ok everything will be fine then ! why do people worries about financial crisis if central banks can inject trillions after trillions after trillions into the markets ? Afterall , theses funds wont be circulating in the broader economy so no immediate risk of monetary deflation and there is no more charts measuring the amount of liquidity being printed these days ... there is no risks on the horizon !? ... what am i missing here ? fiat currency will save the world isnt it? |
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Quinny
Intermediate Crude
Joined: Jul 03, 2008
Posts: 610
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| Posted: Thu Sep 18, 2008 3:03 am Post subject: Re: They all join in |
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It looks to me that there's gonna be one big effort to keep the wheels on which will just allow greater momentum when we meet the edge of the gorge. Maybe they're hoping they can Evel Kneivel onto the next Peak. 
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ReverseEngineer
Light Sweet Crude
Joined: Jul 16, 2008
Posts: 1741
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| Posted: Thu Sep 18, 2008 3:22 am Post subject: Re: They all join in |
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| Quinny wrote: | | It looks to me that there's gonna be one big effort to keep the wheels on which will just allow greater momentum when we meet the edge of the gorge. Maybe they're hoping they can Evel Kneivel onto the next Peak. |
AKA, let's ALL Print More MONEY together! LOL.
OMG, the comedy gets better all the time!
Reverse Engineer |
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vtsnowedin
Intermediate Crude
Joined: Jul 11, 2008
Posts: 633
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| Posted: Thu Sep 18, 2008 3:30 am Post subject: Re: They all join in |
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 Why dose the three stooges falling out of a plane fighting over a single parachute come to mind.?? |
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mefistofeles
Heavy Crude
Joined: Mar 21, 2005
Posts: 266
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| Posted: Thu Sep 18, 2008 4:03 am Post subject: Re: They all join in |
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This is going to be disaster they're not injecting money(i.e. Euros or Yen into the system) they're injecting dollars.
Massive Dollar Injection
| Quote: | | FRANKFURT, Germany -Europe's major central banks banded together with their counterparts in Japan, the U.S. and Canada on Thursday to inject more U.S. dollars into global money markets in a bid to stave off the growing global financial crisis. |
Its like putting out a fire with gasoline. I think the system is suffering from too many and not too few dollars. This is sort of like Central Bankers Gone Wild instead of Girls Gone Wild.
Although I am not a FOREX expert but I think the massive injection of dollars into the system will accelerate movement out of dollars, and therefore dollar denominated assets.
The dollar is getting its butt kicked on the CME .
A liquidity injection would have been better in my opinion and probably would have done something to shore up the dollar and maybe even the financial markets. Although this would have really been a stopgap measure at best.
If we see the Euro hit 1.46 by the end of the trading day NY time I think its the end for the dollar. |
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Ferretlover
Moderator
Joined: Jun 13, 2007
Posts: 3911
Location: Minniesotuh
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| Posted: Thu Sep 18, 2008 8:03 am Post subject: Re: International Banking Systems work to steady markets |
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Quinny, it would be helpful if you would provide some links.
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HEADER_RACK
Intermediate Crude
Joined: Feb 15, 2007
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Quinny
Intermediate Crude
Joined: Jul 03, 2008
Posts: 610
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| Posted: Thu Sep 18, 2008 5:33 pm Post subject: Re: International Banking Systems work to steady markets |
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Sorry! link It was on bbc website as well, but I can't find it.
| Ferretlover wrote: | | Quinny, it would be helpful if you would provide some links. |
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mmasters
Light Sweet Crude
Joined: Apr 16, 2006
Posts: 1935
Location: Mid-Atlantic
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| Posted: Thu Sep 18, 2008 6:10 pm Post subject: Re: International Banking Systems work to steady markets |
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Um yes. they're working together to keep it afloat. The thing is when those effort mysteriously fail we'll need a formalized international banking system in place. Make no doubt about it.
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