Tuesday, December 21, 2010

Fed Extends Dollar Liquidity Swap Arrangements

Will Synchronized Global Money Printing become an Olympic sport? From the Fed:

The Federal Open Market Committee has authorized an extension through August 1, 2011, of its temporary U.S. dollar liquidity swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank. The swap arrangements, established in May 2010, had been authorized through January 2011

1 comment:

  1. You betcha, along with the $50 trillion relay (watch as Switzerland fumbles the hand-off--sorry Hildebrand!).