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September 16, 2012

No 1 rule – Don’t fight Central Banks

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Central Bank policies have certainly transformed markets. Following up on the ECB's pledge to buy up to 3 year bonds (in theory in unlimited size, though for the moment, at least, on a sterilised basis) of countries that subject themselves (at a minimum) to conditions imposed by the EFSF/ESM, the... FF News: Fundamental

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