european central bank

Chinese holidays provide a breather, as the markets focus on this morning's ECB council meeting.
What its members say is my favorite contra-indicator.
The peak fiscal effect of February tax refunds will fade.
It will take a short, sharp shock to unwind this financing orgy.
The IMF missed the negative effect of austerity.
No sane bond manager would make sovereign loans to bankrupt European countries.
And that’s not what’s supposed to be happening right now.
Instead of the Dow earnings, look at the results of ISRG and URI.
EFSF expansion is on the brink of collapse and the markets, all of a sudden, shrug it off.
Trichet is resolute in farewell gig, while the BoE pumps in the cash. Leaders pay tribute to Steve Jobs.

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