WARREN MOSLER | Modern Monetary Theory

Trichet cmnts

Translation- they keep funding on an as needed basis, at least for now. *DJ ECB Trichet: The ECB Is Meeting Its Resposibilities *DJ ECB Trichet:

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Poland cutting demand

This has been much the same for new members that previously had higher budget deficits. It firms the Euro and keeps unemployment higher than otherwise.

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ECB offers unlimited cash

Good to see the ECB seems to understand it’s about price and not quantity. The reporter isn’t quite there, however. Maybe when the smoke clears

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