"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Buyers Dream of Draghi as Fed-ECB Divide Bolsters Treasuries
Submitted by Emmett Harris on Tue, 2014-07-29 00:00
“With Fed Chair Janet Yellen trying to extricate the central bank from more than five years of its own extraordinary monetary policies to support the world’s largest economy, the relative advantage may help attract more overseas investors to Treasuries and prolong their biggest advance in four years.” When central banks battle over who can destroy their respective money supplies the fastest.
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