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Central Bankers Hold A Conference Call…Very Bullish

We imagine that a significant phone call occurred 11/29/11 between the central bankers from the U.S., Switzerland, U.K., Japan, Canada, and Europe.  The first five are going to provide needed liquidity to help the sixth, and send a message to the world.  The short-term financing market that banks rely on had dried up for European banks. The first five of these central banks agreed as a group to provide low cost liquidity; sending a message that it is safe to fund European banks.  These five national central banks are the same ones who have been supportive of Quantitative Easing . . .
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