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Another Trial Balloon: ECB ‘Studying’ How To Let You Down Easy
Because we definitely need more forward guidance....
As if it wasn't already clear from everything
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Obviously they figured out that too much fixed income is poor diversification and that hybrid means long exposure to STOXX 600. So hybrid will entail selling fixed to create an illusion of impending hypergrowth while furthering the delusion by forcing up stocks. The poor guy spoofing the flash crash got legal trouble. But market manipulation is ok for authorities. How could good, well intentioned people ever blow up the economic system?
Well said A. Finding those good people will be much more difficult in the future. The meek will not inherit this kingdom, they will be run over with a printing press spewing dollars of hyperinflated junk.