Humpty Dumpty And The Euro…

We used the genie/bottle analogy, but you can pick your own. SocGen's Kit Juckes is going with Humpty Dumpty. But whether you use genies and bottles, horses and barns, ships that have sailed, or fictional eggs having fallen off walls and broken, the point is simply that Mario Draghi cannot unsay what he said on Tuesday about looking through weak inflation on the way to rolling back (slowly) accommodation. And that means that the euro isn't going to "un"-rally. Perhaps the most important tak