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BlackRock joins JPMorgan, restricting money into European money-market funds following the ECB's...

BlackRock joins JPMorgan, restricting money into European money-market funds following the ECB's move to cut deposit rates to 0%. Unintended consequences: Could the slide in European shares and the euro since yesterday's announcement have more to do with the possible havoc on money markets caused by a 0% deposit rate? (JPM earlier)
Comments (3)
  • change is the only constant
    , contributor
    Comments (1747) | Send Message
     
    If central banks colluded and all went to zero, you would get a quantitative risk free return rate, that cannot be arbitraged. The carry trade window would be closed. What would happen to FX rates however, would be very interesting to see.
    6 Jul 2012, 12:56 PM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    And who says there is no such thing as free money!
    6 Jul 2012, 01:28 PM Reply Like
  • verchinski
    , contributor
    Comment (1) | Send Message
     
    Hmm. Central Banks = Central Planning and what do you get? Why the USSR that imploded.
    6 Jul 2012, 11:26 PM Reply Like
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