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Saturday, November 10, 2012

Mr. Draghi's Dangerous Confidence Game

European Central Bank (ECB) Chairman, Draghi, has a very big agenda.  Armed with only a printing press, he’s pledging to directly bail out the GIIPS (Greece, Italy, Ireland, Portugal and Spain) and indirectly bail out their economies. Draghi’s betting his commitment will give private lenders the confidence needed to invest in [...]

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