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What Draghi is saying that a watch that does not work is always indicating the right time twice day.!!!
The fixed income market is destroyed and with typically 60% in this market, the whole risk spectrum has changed. On the other side sits the DNB who prevents Pension funds to take on more risk to compensate for the fixed income stability. Yes eventually everything will work out, but it wouldn't be because of the ECB and/or DNB. All in the name of "PROTECTION".

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