Posted Nov 26, 2014 by Martin Armstrong
Here begins the Bond Bubble. The ECB will buy sovereign debt itself. This really makes little sense insofar as economics. Just print the money and stop pretending they are running anything from a conservative perspective. This is like moving $20 from your left pocket to your right and then claiming you have $20 in assets in your right pocket (bond from the left) and the left has the $20. Hence you now doubled your money.