Expectations for tomorrow's results of the ECB's first offering of unlimited 3 year loans...

|By:, SA News Editor

Expectations for tomorrow's results of the ECB's first offering of unlimited 3 year loans (LTRO) are growing exponentially, with some forecasts for the take-up rising as high as €600B. Alongside those expectations are hopes this will be the crisis-ending bazooka as bankers take the near-free money and play the "Corzine trade" by buying sovereign paper. (see also)