Pulling The Punchbowl When The Espresso Is Hot And The Economy Is Cooling

You can count me skeptical when it comes to whether € credit is going to be able to accept the wind down of CSPP with relative alacrity. I know some of my more sophisticated readers would tell me I'm preaching to the choir when I say that, but there's still a sizable contingent out there that seems to think it's somehow going to be possible to remove that ongoing bullish technical from a market that, broadly speaking, is priced to perfection without everyone suddenly deciding to take a closer
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