Despite the fact that it was known even by early October that the six major central banks of the globe, namely the American Fed, the ECB, the Bank of England, the Bank of Japan, the Swiss National Bank and the Bank of Canada were supposed to take co-ordinated action to secure dollar liquidity with the Eurozone banks, stock exchanges were nevertheless celebrating the fruition of this decision on 30 November.

All major stock exchanges around the world had an excellent day, with gains of aro...

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