Via Peter Tchir of TF Market Advisors
The demand that the ECB becomes the lender of last (and only) resort has reached a crescendo. Virtually everyone in the world is pleading with Germany to allow the ECB to print money and buy massive amounts of Spanish, Italian, Portuguese, Irish, Belgium, and possibly Austrian debt. But as far as I can tell, the analysis doesn’t go beyond buy and the problem will be solved.
Seriously, read the articles, look at the headlines, listen to the guests
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