When facts meet faith, facts don't stand a chance (Draghi 2014) - views are my own.
There are some major differences to previous debt stress episodes: spread widening is not triggering a rise in French yields. In the case of France, yields are falling, despite spreads rising.
There are some major differences to previous debt stress episodes: spread widening is not triggering a rise in French yields. In the case of France, yields are falling, despite spreads rising.
US authorities should be praised for supporting growth, while Europe is always on the shy side, but this growth gap required considerable excess resources by the US.
US authorities should be praised for supporting growth, while Europe is always on the shy side, but this growth gap required considerable excess resources by the US.