The MacroTourist

The MacroTourist

Oct 28/14 – So long POMO

Kevin Muir's avatar
Kevin Muir
Oct 28, 2014
∙ Paid

Last week the ECB kicked off their much anticipated covered bond buying program. Remember this is the program that has the hedge funds all beared up on the Euro. This expansion of the ECB’s balance sheet will supposedly stop the deflation and usher in a new wave of European growth. Or at least that is what the hedgies believe.

The results of the first we…

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