Italian bonds

A Big Rumor

November 10, 2011

Yesterday’s market extremes initially continued Thursday but have moved back somewhat amid unconfirmed rumors of a special ECB Governing Council meeting to authorize much heavier, possibly unlimited, bond purchases via the SMP facility.  Even if true, it seems doubtful that such would be a lasting panacea for what has evolved into an insolvable quagmire. The […] More