DislikedThe reality behind the Hype
1. The fund has €440 Billion in it. No matter how you slice it or lever it, that's all it is.
2. About €200 Bilion is already committed for other purposes (ECB bond buying etc) Therefore a 5:1 lever only produces €1.2 Trillion
3. €100 Billion for bank recapitalization is not enough. The market wants to see €300 Billion
4. There is no 4. Aren't 1, 2 and 3 enough ?
Ignored
Yay! Pips for everyone!