Πιθοσ της Πανδώρας NO!
Boy, what a night.
But first things first. As you doubtlessly have heard, markets rebounded pluckily (as English and other assorted weirdos would say) following the announcement that the ECB may in fact buy national bonds after all, provided they are laundered through an intermediary. Which may or may not be a good thing (the Well-Endowed One’s Pitcher has been invoked[de:]) — it did certainly shore up the Euro, but it is liable to create increased inflation in … read more

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