Trying to find an appropriate santa cartoon
All started when markets down in europe,
German confidence survey positive gave it first leg
Then spanish auction yields dropped and bid to cover high as ecb steps in
Euro bounce technical bounce
And of course, emergency lines now thought to be open for banks to buy soveriegn bonds, and anything they like including their own bonds, borrow at one pc at unlimited amounts and pocket difference....
Santa arrived, to give ppl another opp to get out...
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newcrest hammered , page-67
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