Dec 8, 2011
Marketplace Index for Thursday, December 8, 2011
Markets today were like a huffy kid who stomps off because Santa only brought him two out of the three of the gifts on his list. Santa is the European Central Bank. Ahead of the latest crisis summit tomorrow, the ECB offered two nice presents: a quarter-percent cut in interest rates and an offer to lend cheaply to the banking system for as long as three years.
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Markets today were like a huffy kid who stomps off because Santa only brought him two out of the three of the gifts on his list. Santa is the European Central Bank. Ahead of the latest crisis summit tomorrow, the ECB offered two nice presents: a quarter-percent cut in interest rates and an offer to lend cheaply to the banking system for as long as three years.
