Building up a big pile of dry powder.
Record moneys suddenly pile into the material that debt crises are made of.
Benefiting hedge funds and banks that had front-run the fund.
No one knows how to back out without blowing up the whole system.
Glorious times for Draghi’s scheme.
Negative interest rate policies elsewhere hit US Treasury yields.
References to 2009 & the Global Financial Crisis keep popping up in the reports because that’s how bad it has gotten.
“Speculators are losing faith.”
NIRP Absurdity Soars to New Heights.
Among the goodies, “reverse Yankee” landmines.