Liquidity injections from Central banks

Ahead of the FED meeting where some futures point to a rate cut, the FT reports on liquity injections.


The European Central Bank: €70bn
The Bank of England: £20bn
The New York Federal Reserve: $50bn
The Bank of Japan: $24bn.


That's $200bn... and ... if failed to spark a market rally...

I can feel a bottom, and no it is not because I am sitting on my hands.

Comments

pcleddy said…
http://www.reuters.com/article/newsOne/idUSN1444498020080914?virtualBrandChannel=10272&sp=true

Any ideas about this?! VIP trading, ie covering each others asses?
September 16, 2008 at 10:37:00 AM PDT
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