Draghi’s twisted bailiwick produces a WTF chart.
But the IMF has suggestions on how to win the War on Cash.
Markets are still complacent.
July rate hike for Canada is “in the bag.” Bank of England, ECB are scrambling.
This is how desperate the Italian Banking Crisis has become.
ECB Shuts Down Veneto Banca and Banca Popolare di Vicenza.
Even the “elite” is not totally on board.
Why do they risk so much for little?
The only other option: “Orderly restructuring.”
In the land of NIRP refugees and “Reverse Yankees,” who will get crushed?