Did The Fed Just (Surreptitiously) Bail Out Europe?

[Scot]

http://market-ticker.denninger.net/a...ut-Europe.html

$400+billion increase in loans in just a week.

[Adeptus]

Re: Did The Fed Just (Surreptitiously) Bail Out Europe?

http://market-ticker.denninger.net/a...ut-Europe.html

$400+billion increase in loans in just a week.

The way I read the title on the graphs is that it was the Commercial Banks that lent that money not the Fed. The Fed is only providing the graph... or am I out to lunch? Regardless, that's a heckuvalot of money. The question remains, where did it all go?

The way to find out is to look at European government/commercial bank graphs and there we should see an equal incoming capital/borrowing spike ... unless it was lent out to a whole bunch of different parties, in which case we'd see smaller spikes. I have no access/knowledge of how to acquire those graphs, so I'll deffer that homework to somebody else

Adeptus

[doom&gloom]

Re: Did The Fed Just (Surreptitiously) Bail Out Europe?

This is just un-freakin' believeable! If this is true, it can ponly be because of the implicit guarantee of the Fed.

[marvenger]

Re: Did The Fed Just (Surreptitiously) Bail Out Europe?

think (surreptitiously) means the FED loaned to banks and bank loaned to Europe, or something like that.

[ThePythonicCow]

Re: Did The Fed Just (Surreptitiously) Bail Out Europe?

Is this increase in debt perhaps related to what's described in either of these posts:

• Going Long Into The Weekend? ECB Calls Emergency GC Meeting, or
• IMF Prepares For Global Cataclysm, Expands Backup Rescue Facility By Half A Trillion.

[metalman]

Re: Did The Fed Just (Surreptitiously) Bail Out Europe?

http://market-ticker.denninger.net/a...ut-Europe.html

$400+billion increase in loans in just a week.

karl's off his deflation rant... banks can't lend, etc... & now they're lending too much, eh?



he takes care to leave the aug. 08 jump off his chart... almost as big a jump then... $300 bil... & don't recall karl yapping about the fed bailing out europe then.


no mas cargo cult banking billshit from karl, por favor.