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Draghi said this month could ultimately provide as much as 1 trillion euros.

Operative word: 'could'

Conspicuously omitted is the somewhat salient fact that there's next to nothing to invest in Europe in that brings the kind of 20% ROI the market craves.

That ship sailed long ago.

So keep mouthing truthy platitudes so your paymasters can cling on to their oh-so uninflated gold turds Mario, while you're at it why not add a unicorn or two as well?

Does anyone believe this claptrap any more? (Except the ones very well-paid to pretend to!).

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Jul 15th, 2014 at 09:36:16 AM EST
[ Parent ]
That is still 1 trillion in overcollateralised loans, so it's much less of a handout than it seems. It's still just liquidity.

And there is lots to invest on in Europe, just not to speculate on.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Tue Jul 15th, 2014 at 10:30:07 AM EST
[ Parent ]

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