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me neither. ECB has been testing effective EUR "devaluation" (NIRP) against vigilante demand for yield for five years. The hurdle to running off IT gov debt is persuading current sovereign and commercial paper holders to buy into a CAC. Everybody in. Except paul singer.

Diversity is the key to economic and political evolution.
by Cat on Sat Jun 2nd, 2018 at 05:06:13 PM EST
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Elliott's Singer agrees with Buffett, Dimon on profit guidance
Hedge fund Elliott Management Corp [d/b/a NML] Chief Executive Paul Singer said on Thursday ... Elliott often acquires stakes in companies as an activist shareholder, criticizing their financial performance and asking them to commit to changes.


Diversity is the key to economic and political evolution.
by Cat on Thu Jun 7th, 2018 at 09:01:43 PM EST
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