Doug Noland’s Credit Bubble Bulletin
September 26 – Bloomberg (Rainer Buergin): “Former ECB Chief Economist Otmar Issing tells German newspaper Die Welt the bank risks losing its credibility after Draghi’s announced bond-buying program. Issing doubts ECB will soak up liquidity in time… says ‘unthinkable’ ECB would stop bond-buying if troubled states fail to meet conditions… says ECB is trapped [...]
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