Tuesday, December 6, 2011

FT Releases Mother Of All Rumors

Remember when everyone would dread the 3pm hour when the FT would mysteriously come up with some about to be discredited deus ex machina rumor? Those days are back, and this time the FT hits us, baby, one MOAR time:

EU OFFICIALS WEIGH RUNNING TWO RESCUE FUNDS TOGETHER, FT SAYS
EU WEIGHS RUNNING TWO RESCUE FUNDS, MORE IMF SUPPORT: FT
EU WEIGHS GIVING ESM ACCESS TO ECB FUNDING, FT SAYS

In other words, Europe has now given up on nuances and has resorted to nuclear rumormongering: it is

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