Wednesday, February 10, 2016

Quote

If the European Central Bank is purchasing bonds, QE, from Spain, Portugal and Italy, why are their bond yields rising?

“We all know that QE2 is not really going to work but the feeling in the market is ‘I’m a smoker, I know it kills me, but so long as I can get cigarettes, I’m happy,'” he said.

http://www.telegraph.co.uk/finance/economics/12149114/Europes-doom-loop-returns-as-credit-markets-seize-up.html


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