Overnight, the European Central Bank injected a record $130 billion into their lending economy. For the low, low price of 4% interest -- well below the current market rate -- eurozone banks can borrow truckloads of cash to help keep their own desperate loans afloat.
The Federal Reserve, the Bank of Japan and the Australian central bank followed suit … with $12 billion, $8 billion and $4 billion injections, respectively.
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