"We have been saying it for weeks, and today even the WSJ jumped on the bandwagon: the sole reason why crude prices are surging(RIP European profit margins: with EUR Brent at a record, we can only assume the ECB will pull a 2011 and hike rates in 3-4 months even as it pumps trillions in PIIGS, banks bailout liquidity) is because global liquidity has risen by $2 trillion in a few short months, on the most epic shadow liquidity tsunami launched in history in lieu of QE3 (discussed extensively here in our words, but here are JPM's)."
from zero hedge...
No comments:
Post a Comment