Tag: Euro

Make Money Selling Money

Consider trading foreign currencies, which just a couple of decades ago was an option mostly restricted to big money investors. Now, it’s widely available to the general public, and generating increasing interest.

The European Central Bank is indebted to the hilt

The European Central Bank is indebted to the hilt and is beginning to look like one of the banks it has done so much to save.
Having subsidized the European banking industry with its 1 trillion euro ($1.29 trillion) long-term refinancing operation (LTRO), funds that were distributed at well below market prices, the central bank is leveraged to levels Bear Stearns and Lehman Brothers might have felt comfortable with in early 2007.