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View Full Version : Economic Armageddon!




Brian4Liberty
08-09-2007, 12:07 PM
As Cramer said last Friday, it's getting close...

The latest:

FRANKFURT, Germany (AP) -- The European Central Bank loaned nearly 95 billion euros ($130.81 billion) in overnight funds to banks at a bargain rate of 4 percent on Thursday, putting more cash into a global financial system jolted by the collapse of the U.S. subprime mortgage market.

Analysts and economists were surprised by the move, with some seeing it as evidence that the problems in subprime lending are spilling into the general economy and others as a case of the European Central Bank stepping in where the U.S. Federal Reserve Bank has not.

http://biz.yahoo.com/ap/070809/europe_ecb_liquidity.html?.v=3

Darren McFillintheBlank
08-09-2007, 01:43 PM
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