Is Mario Draghi Stupid, Crooked Or What?
Europe is surely at the top of today’s heap of raging financial market lunacy. It seems that Ireland has now broken into the negative interest rate club, investment grade multinationals are flocking to issue 1% debt on the euro-bond markets and, if yield is your thing, you can get all of 3.72% on the Merrill Lynch euro junk bond index. That’s right. You […]