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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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