Is Italy really limbering up for a rejection of the Euro and a return to the lira, or just bluffing? The narrative would appear to be, that if the ECB won’t bail out the Italian banks with fresh Euros, then Italy should do it itself by returning to the Lira. Whether the threat cuts much […]
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There is something rather ironic about Central Banks using deflation as an excuse to print cash which is then used to buy gold shares, which are of course a leveraged play on rising gold prices which in turn are a reflection of the lack of confidence in central bank monetary policies. For the Swiss CB […]
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