Friday, December 23, 2011

The Market Review

The Market Review
Payroll Tax Cuts Extended, U.S. Data Mixed, ECB Steps Up SupportThe past week has seen moderate progress on several fronts. First, the EU markets were bolstered by a massive lending program from the ECB to over 500 banks. The banks borrowed €489 billion in 3-year loans at a rate of 1.00%.

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