In Europe

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The European Central Bank is dead

By Luis Arroyo, in Madrid | The ECB has lost all his monetary gunpowder, as this has become fragmented. In this graph I saw recently on the Greek money supply, monetary aggregates M1 M2 and…


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Germany is the problem

By Luis Arroyo, in Madrid | John Authers, in Trends That Don’t Seem to Make Sense, have some pertinent questions to share. The one that has…