The Undollar Digest

Doug Noland’s Credit Bubble Bulletin

Doug Noland 08/03/2012 www.prudentbear.com

Selected Notes:
August 2 – Bloomberg (Annette Weisbach):  “German savings banks warned the European Central Bank against damaging the ‘stability culture’ of the euro by sticking to low interest-rate policies and flooding the markets with liquidity. ‘The current ECB policy of keeping interest rates at a record low, buying more sovereign debt and flooding the markets [...]


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