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| Cosima F. Barone | Vol. VIII - Issue #155 | June 29, 2009 |
| The idea is there, locked inside. All you have to do is remove the excess stone. Michelangelo |  | |
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INSIDE THIS ISSUE:
In Frankfurt, the European Central Bank (ECB) moved to anticipate a rash of banking failures and opened up an unlimited supply of 1% one-year loans to European banks for a total €442.2 billion (the ECB had injected into the market €348.6 billion in December 2007). Banks will be required to post collateral on these loans, thus confirming that the move corresponds again to “credit” facilities and not to genuine “quantitative easing”. ... Read more
As Japan’s exports fell 40.9% from the previous year in May and deflation still represents a major problem for the country, the “lost decade” history is repeating itself with almost the same script as in the past. Admittedly, Japan was not at its best when the global financial and economic crisis engulfed world economies. ... Read more
Tables:
- MARKETS AT A GLANCE - Close as of June 26, 2009
- U.S. FIXED-INCOME MARKET AT A GLANCE - Close as of June 26, 2009
- COMMODITIES AT A GLANCE - Close as of June 26, 2009
- PULSE OF THE U.S. ECONOMY - As a Guidance for Other Geographies
- CURRENCIES AT A GLANCE - Close as of June 26, 2009
- MONETARY POLICY-MAKING AROUND THE WORLD - The Leading Seven ...
- ... and the BRICs ...
Charts:
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