2010-06-08zerohedge.com

"Europe's banks are not buying the propaganda about liquidity moderation on the continent. In fact quite the contrary: yesterday's total usage of the ECB's overnight deposit facility hit a fresh all time record of €361.7 billion. This is an €11 billion increase from the night before and €55 billion from a week earlier. This means that all the excess liquidity in Europe is getting tied into the safety of the central bank, and the market continues to experience a liquidity glut."



Comments: Be the first to add a comment

add a comment | go to forum thread