I wouldn't agree with you there, Salty, about FD having given up, covering their backsides is more likely, the previous gung-ho signals they gave were looking peaky.
Trouble with ALL your arguments is that you constantly ignore the simple demand/supply issues, preferring to concentrate on general banking problems, but, imo, the weight of German Government banks, insurance, essential industry demand, etc. will be enough to get it across the line, however belatedly.
stategy to finance abu dabab - enemies around?, page-21
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