Even more Nowotny: Yields too high in periphery, too low in core

STFU!!!

Does this man love the sound of his own voice, or what!!!

  • Markets overshooting in the past, and now
  • Markets now take for granted that euro will stay
  • ECB not financing, it’s repairing imperfections
  • OMT doesn’t mean ECB wants to substitute markets
  • OMT doesn’t mean ECB wants to fix interest rates

Enough of all this old bollox…….

Best in 2026

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