I dunno Shin. This is the top thread on ZH:
"Full Scenario Analysis Of LTRO 2.0 Size Implications
Credit Suisse believes LTRO 2.0 will see a gross uptake of EUR500-650bn, notably above current consensus around EUR325bn. The math is straightforward and does not exaggerate too much for the speculative demand which they (like UBS) do not expect to be as significant as many happy-talkers. Between existing LTROs rolling off, rotation from the MRO, Emergency Liquidity Assistance financing, deposit flight, and reserve requirement reduction they arrive at around EUR300bn and believe a further EUR200-350bn in covering private debt refinancings (and perhaps some speculative activity though as we already noted the economics are nothing like as attractive anymore), their estimate is around twice the initial LTRO net increase which could take the ECB balance sheet to over 35% of GDP, dramatically above the US and UK, and the following scenario analysis sets out the short- and long-term implications of varying gross uptakes for LTRO 2.0."
The Greek drama threads are also playing well, though.
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
YES!!!!
