Global Central Banks drop USD swap rates - Oil launches

Discussion in 'Energy Futures' started by Tsing Tao, Nov 30, 2011.

  1. Tsing Tao

    Tsing Tao

    Crude just spiked $2 to over $101 as

    FED, ECB, BOJ, BOE, SNB, BANK OF CANADA LOWER SWAP RATES - BBG
    ECB, FED other major central bank to lower the pricing of existing USD liquidity swaps by 50BPS


    once again, banks get saved as consumers get the shank!
     
  2. Tsing Tao

    Tsing Tao

    Any bailout causes a drop in the dollar and a surge in risk.

    Probably trying to goose a santa claus rally for the wall street bonuses!