Stocks sell off as EU BANKS refuse to trust each other
Interest Rates Decline on all the typical
FRIGHT TO QUALITY MOvE
Like in late 2007 when American BANKS knew better than to lend to another bank Europe's bank have
terminated lending to each other. Typically without government support bank runs will follow.
U.S. Banks are some what reloaded from free treasury profits and they where told not to hold much EU crap.
We also need to watch IRAN NEWS new sanctions really messed them up 30% currency decline hoarding gold and dollars they might really try to shut down the straight and we know what the governmentmiltarycorporation would do then bomb bomb bomb
and GAS GOES UP UP UP
The European Central Bank said the continent's banks parked a record $590.7 billion with it overnight, suggesting that those banks are less willing to take the risk of making short-term loans to each other, opting instead to earn low interest rates from the ECB. The disclosure also hurt the euro, which fell more than 1% against the dollar, to $1.29.
terminated lending to each other. Typically without government support bank runs will follow.
U.S. Banks are some what reloaded from free treasury profits and they where told not to hold much EU crap.
We also need to watch IRAN NEWS new sanctions really messed them up 30% currency decline hoarding gold and dollars they might really try to shut down the straight and we know what the governmentmiltarycorporation would do then bomb bomb bomb
and GAS GOES UP UP UP
The European Central Bank said the continent's banks parked a record $590.7 billion with it overnight, suggesting that those banks are less willing to take the risk of making short-term loans to each other, opting instead to earn low interest rates from the ECB. The disclosure also hurt the euro, which fell more than 1% against the dollar, to $1.29.
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