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Wednesday, October 26, 2011

Germans were right to be weary of 'Super Mario'

He hasn't even become president, but Mario Draghi is already making dovish comments:

Incoming ECB head gives euro zone pre-summit boost -RTRS

8:45am EDT
By Luke Baker and James Mackenzie
BRUSSELS/ROME (Reuters) - The incoming head of the European Central Bank threw the euro zone a lifeline hours before a crucial summit on Wednesday by signaling the bank would go on buying troubled states' bonds to combat market turmoil.
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1 comment:

  1. Macro MavenOctober 27, 2011 at 2:05 AM

    First Weber resigns, then Stark?! The lunatics are taking over the asylum. The only thing that can stop them is if the printing presses overheat, catch fire, forcing the debasement process to be halted -- if only temporarily...

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