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Olduvai III: Catacylsm
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The ECB and John Law

THE ECB AND JOHN LAW Last week, the ECB extended its monetary madness, pushing deposit rates yet more negative. It is extending quantitative easing from sovereign debt into non-financial investment grade bonds, while increasing the pace of acquisition to €80bn per month. The ECB also promised to pay the banks to take credit from it […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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