< ZIRP at work. Look at this sentence and just think about it:
Bond yields are being held DOWN as the European Central Bank implements its expanded monthly purchase program in an attempt to revive growth and push inflation [UP] toward its goal for an annual rate of just under 2 percent.
Idiots...
#Euro-area bonds decline after #inflation unexpectedly stagnates https://t.co/EbYLk31wOM via @LukanyoMnyanda pic.twitter.com/Xbs0F7Rtwk— Forward Guidance (@ecoeurope) April 14, 2016
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