Posted 1/16/2014 21:00 (#3609945 - in reply to #3609918) Subject: Re: Is inflation on our doorstep?
Napanee, Ontario
The ECB finally cracked and began buying up Greece bonds to avoid complete default, and the resulting domino effect on other nations (italy and Spain).
Guys in the know (connected European bankers who knew the ECB was going to crack) who bought bonds when they were trading at 24% and priced at default made an absolute killing.