Fed extends swap lines with global central banks

As long as we remain in a world awash in QE and stagger from crisis to crisis, the central banks will keep credit lines to one another wide open.

6 Comments

  1. when was the last time they did this Jamie

  2. Probably a year ago. They’ve been rolling over the lines since the financial crisis.

  3. 30th Nov 2011. Clearly remember how AUD surge up 200-odd pips, hit half my stops and then give up all the gains by mid Dec. Happy times, darn CBs.

  4. Another day, another bank (today UBS) gets off with a (tax deductible) fine for stealing billions from the public. And not a single bank executive gets fined or banned from the industry. In banking and financial services there is effectively no deterrent for criminal activity. Only profits.

  5. Yeah $1 billion… that’s serious

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