Quite clearly the ECB President Mario Draghi signaled that the ECB will not be buying Italian and Spanish bonds unless those countries enter into an agreement with the EFSF or in the future the ESM. He clearly stated that even then the ECB may not intervene in the bond markets. When asked about Italian Prime […]
Archives for August 2012
Nada, Zilch or maybe a Smidgeon
The FOMC press release announced that the Fed is not doing anything different for this month. The statement is pretty similar to that before and would be considered a disappointment to those that bought risk on the WSJ and NYT articles of last week. So no new asset purchases, no removal of Interest on Excess […]