Submitted by Rational Capitalist Speculator
Weekly Bull/Bear Recap: January 23-27, 2012
Bull
+ The ECB’s Long-Term Refinancing Operation (LTRO) has clearly quelled fears of an imminent liquidity crisis; Spanish and Italian 10-yr yields have plunged. The operation will provide time for policymakers to forge ahead with structural reforms. Germany is opening the door for pro-growth policies in the periphery. Furthermore, Greece is an isolated case. A Greek default is already priced
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