Euro Bureau

"I think it's safe to say that this party is about to become a historical fact."
--Duncan (Some Kind of Wonderful)

A couple months back the ECB and EU were beings hailed as 'different' from the US. Europe is more fiscally prudent, it was said, and EU members were willing to swallow austerity in place of money printing and bailouts.

It should now be clear that there is no difference at all. Over the past couple of days, the ECB has signaled that they will go 'all in' if necessary to avoid an EU collapse.

Central banks are the same all over the world. Their actions are uniform and predictable.

position in Treasuries