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Let’s review what I said in ECB Considers Interest Rate Caps; Can Such a Scheme Possibly Work? Theory vs. Practice The ECB can "in theory" defend a price target on bonds, but only at the risk of owning every bond.
See original article: Sen. Rand Paul Speaks Out Against Senators Voting without Reading the Bills
The non-news of the day is Bernanke says scope for more Fed easing Federal Reserve Chairman Ben Bernanke says there’s room for the central bank to take more action in responding to critical questions from a top lawmaker on Capitol Hill.
Continue reading here: Trading Caps and Gowns for Mops; Why Go to College If There Are No Jobs? Chasing the…
View post: Globalist Rag Gives "Two Cheers" for Terrorism
Read More: Terrorists in Syria Using Prisoners as "Human Bombs"
How long can the trend last?
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Flash China Manufacturing PMIâ„¢ at 47.8 (49.3 in July). 9-month low. Flash China Manufacturing Output Index at 47.9 (50.9 in July)