Brazen Heist
Spanish, Italian and Portuguese benchmarks still have alot to rise compared to 2012…..but don’t fret, in free markets they should be much higher. We just don’t have free markets anymore.
Instead we have the ECB manipulating Euro-area bond markets and artifically crushing peripheral bond yields conveniently so it looks contained-ish.
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Tue, 07/07/2015 – 10:18 LawsofPhysics
“Soaring”? LOL! What, did the nominal rate actually go positive? LOL! Anyone still remember the 70’s?
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Tue, 07/07/2015 – 10:21 |gatorengineer
Apparently not. When the 2 year portugal note hits 4 percent wake me up…. Until then ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ.