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Friday, 2 December 2011

In a nutshell..​..............from Rico

I have read a 'lot' about yesterday's coordinated Central Bank 'swaps' [read: intervention] but this is by far the best, and shortest, analysis of what REALLY happened:

"Yesterday's coordinated Central Bank intervention was like the Captain of a Trans-Atlantic flight announcing that three of four engines had failed, but the remaining ONE might get you to the destination." Steen Jakobsen, Saxo Bank

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