Financiers finally spot ticking timebomb dangers of Draghi's LTROs
"It is going to be a problem if the funding market does not open soon and they have to liquidate their holdings," said Guy Mandy from Nomura. "What the LTRO has done is concentrate systemic risk even further. If everything now goes wrong, it could go wrong in a hurry."
An even better report on present markets and investment opportunities came from The Slog yesterday linked here and on the new head of the ECB Draghi here.
Labels: Financial collapse