There is a thoughtful article on the telegraph - central bankers do not take this course of action unless something is up...
In regards to the recent announcement that central banks of US, UK, Europe, Japan and Switzerland, made a joint effort to provide unlimited USD funding for European banks in need of short-term liquidity.
He is correctly suggesting that central bankers should (and are expected to) react, and when they make, what seems to be, preemptive action, it usually isun't...
CAVEAT EMPTOR
In regards to the recent announcement that central banks of US, UK, Europe, Japan and Switzerland, made a joint effort to provide unlimited USD funding for European banks in need of short-term liquidity.
He is correctly suggesting that central bankers should (and are expected to) react, and when they make, what seems to be, preemptive action, it usually isun't...
CAVEAT EMPTOR
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