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Politics : Welcome to Slider's Dugout

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From: roguedolphin	11/12/2017 7:10:46 PM
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Stockman Warns "Mind The Junk" - This Ain't Your Grandfather's Capitalism Authored by David Stockman via Contra Corner blog, The financial system is loaded with anomalies, deformations and mispricings - *outcomes which would never occur on an honest free market.* For example, the junk bond yield at just 2% in Europe is now below that of the "risk-free" US treasury bond owing solely to the depredations of the ECB. Indeed, madman Draghi has purchased $2.6 trillion of securities since launching QE in March 2015, and during the interim has actually bought more government debt than was issued by all the socialist governments of the EU-19 combined! zerohedge.com

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