Nic Lenoir from ICAP thinks nobody in Europe has any idea how to fix this growing problem–I concur. From ZeroHedge.com:
As I have suggested a few days ago, there are not that many reasons to want to own German Bunds yielding 2.75%. The Euro currency is dropping faster than Britney Spears’ career, the yield is not exactly attractive, and the Bundesbank is one of the central banks that has been diluting its balance sheet in last […]