To Citi, “The Failure Of ECB QE Looks Clear” And The Global Reserve Unwind Will Only Make It Worse
by Tyler Durden
ZeroHedge.com
09/02/2015
Mario Draghi and the ECB have a habit of patting themselves on the back when it comes to what they imagine the happy outcomes of their monetary policy decisions have been. In fact, they have a habit of congratulating themselves on positive outcomes even before said outcomes have been observed or have even had time to play out. This time around unfortunately, “the failure looks clear.”
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