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How long before the ECB fires up the printing press?
In Europe the rules are regularly broken. Except by the UK who are stupid enough to abide by them.
The Germans have failed to learn from the experience of the UK and USA, i.e. that QE has no discernable effect except to knock down govt debt yields temporarily.
"A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester Freamon
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