MishTalk/Mish Shedlock/6-19-2022
“There is no new tool and there won’t be a new tool. The ECB can use an existing QE tool to buy unlimited amount of sovereign bonds or not. It’s a choice, not a new tool.”
USAGOLD note: There has been talk of a new tool that the ECB will deploy to deal with the sovereign debt problems of the southern tier states, most notably Italy and Greece. Shedlock says there is no new tool. It’s a smokescreen. To bail or not to bail, that is the question, but it very well might translate as “to be or not to be.”
