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Market tension unbearable as some kind of resolution nears
With market fear levels at justifiably high levels, even zany ideas like the IMF borrowing money from the ECB can trigger chunky intraday moves. Thankfully, weekend break from the madness lies just ahead. Ahead of the North American trading session, risk appetite and the Euro saw quote a bounce as the latest crackpot idea for digging the Euro Zone out of its debt and liquidity crisis began “gaining traction”, according to a Wall Street Journal article that quoted unknown sources. In this scheme, the IMF would somehow borrow money from the ECB to help finance bailouts. How this is so terribly different from what ... (full story)
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