More Fake Monetary Stimulus—ECB Version

And you can just substitute Mario Draghi’s April 2012 prognostication for anything and everything Christine Lagarde will be saying over the coming weeks maybe months. For however long it is she believes she can plausibly deny reality. That is, until the bond market view is either meaningfully, completely withdrawn for once, or proved correct for still another time.

 

 

 

 

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