After Lagarde’s “We are not here to close spreads” moment the ECB had to heavily weight its pandemic bond purchases towards Italy. Since Aug 2020 no longer so much.
But what happens when the markets began to factor in end of PEPP in Mar 2022?
@CGemehl at @Gavekal https://t.co/PRgAX4mZjc
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…