[Quinny]

They all join in: European Central Bank, Bank of England, Bank of Japan and Fed have announced co-ordinated effort to steady the market. Don't know what this entails, but they're worried!

Clarified thread title.-FL

[Deleterius]

Ok everything will be fine then ! why do people worries about financial crisis if central banks can inject trillions after trillions after trillions into the markets ? Afterall , theses funds wont be circulating in the broader economy so no immediate risk of monetary deflation and there is no more charts measuring the amount of liquidity being printed these days ... there is no risks on the horizon !? ... what am i missing here ? fiat currency will save the world isnt it?

[Quinny]

It looks to me that there's gonna be one big effort to keep the wheels on which will just allow greater momentum when we meet the edge of the gorge. Maybe they're hoping they can Evel Kneivel onto the next Peak.

[ReverseEngineer]

$this->bbcode_second_pass_quote('Quinny', 'I')t looks to me that there's gonna be one big effort to keep the wheels on which will just allow greater momentum when we meet the edge of the gorge. Maybe they're hoping they can Evel Kneivel onto the next Peak.

[vtsnowedin]

Why dose the three stooges falling out of a plane fighting over a single parachute come to mind.??

[mefistofeles]

This is going to be disaster they're not injecting money(i.e. Euros or Yen into the system) they're injecting dollars.

Massive Dollar Injection

$this->bbcode_second_pass_quote('', 'F')RANKFURT, Germany -Europe's major central banks banded together with their counterparts in Japan, the U.S. and Canada on Thursday to inject more U.S. dollars into global money markets in a bid to stave off the growing global financial crisis.

[Ferretlover]

Quinny, it would be helpful if you would provide some links.

[HEADER_RACK]

Fed, ECB pump billions into money markets

Followed by

Will Fed's Huge Liquidity Move Save World? Unlikely

[Quinny]

Sorry! link It was on bbc website as well, but I can't find it.

$this->bbcode_second_pass_quote('Ferretlover', 'Q')uinny, it would be helpful if you would provide some links.

[mmasters]

Um yes. they're working together to keep it afloat. The thing is when those effort mysteriously fail we'll need a formalized international banking system in place. Make no doubt about it.