Did Eonia Just End the ECB’s Recovery Fiction?

By |2014-08-29T15:58:33-04:00August 29th, 2014|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

What should most troubling to investors of all stripes and locales is that what is going on in Europe is almost exactly the same as what is taking place in Japan. Despite nearly all outward appearances, Japan and Europe have far more in common than differences, at least where it counts. The Japanese have finally created the monster they sought, [...]