Niuyear,

I hv sm carrots on hand now were actually exported fm USA.

Those carrots r huge & fresh. Most impt thing's... "Hard"!

If not, ZhiWei where got feel e pain...

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STi  resistance 2957.  Looks like ppl started shorting since ytd.

Bonbon, be merciful, use baby carrot( small and sweet)  if need be

Zhiwei,

Dow Jones +3.70pts lastnite. Small gain...

Hm... So ur buttock's free now, & no need carrots liao...

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Borrowing by Spanish banks from the European Central Bank surged in June to a new record high, indicating tight access to funding before the expiry of 442 billion euros in one-year ECB loans at the start of July.

Glowimages | Getty Images

Data from the Spanish central bank showed banks borrowed 136.49 billion euros from the ECB in June, a jump from the 105.6 billion euros in May. Subtracting the amount banks redeposited at the ECB, the total borrowed was 126.3 billion, a quarter of the overall amount lent by the ECB. That figure was up from 85.6 billion euros in May.

"It does appear that Spanish banks have increased their reliance on ECB funding even further in June," said Nick Matthews, economist at RBS.

"It's probably down to two reasons. One, banks may have taken more precautions before the repayment of 442 billion euros at the start of July, and  two, because of more funding difficulties," he added.

Borrowing from Spanish financial institutions from the ECB leaped in May from just over 90 billion for the first four months of the year as interbank money markets froze and domestic banks turned to Europe's central bank for financing.

Smaller banks in Spain lost access to interbank markets in late May heading into June over concerns that Spain could be the next country to face a debt crisis similar to that of Greece, where banks are heavily dependent on ECB financing.

Large Spanish banks such as Santander and BBVA were reported to have had little problem in accessing markets as they are better capitalized than some smaller banks which are of more concern given their exposure to non-performing property loans.

In June the government said restarting the credit market within Spain was needed urgently to return the economy to growth.

Market tension eased in July as markets drew more confidence that stress tests across the European banking system due on July 23 would show a largely solvent sector.

The key spread between Spanish ten-year government debt and euro zone benchmark bunds held below 200 basis points on Wednesday after rising close to 240 basis points in late June, still way above the 70 bps level it was in April.

Cash is real and free to use...paper gain is..hmmm....  

When you can only trade 1 direction, you already disadvantage and also price dont go up or down in straight line..... Having an option to trade either way is the more advantage.... Gd luck!

Make sure Dow Jones red red k... If not, u'll need 2 wash clean clean & wait 4 my carrots...

& ur backside'll turn red red...

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That is why, from now on, I keep buying small capitalization S chips. Dr. Fu . . . . . . . . let us ride on the huge profit together by next year investing purely in S chips!