UPDATE #3…That’s what you get with Government run markets!
| |

UPDATE #3…That’s what you get with Government run markets!

The European Central Bank cut its deposit rate to a maniacal -0.3%. The cut means banks in effect must pay more for the ECB to hold their money. Futures market s here have given up their earlier huge gains…but don’t blink. As we write this, the German Dax is down 340 points. Ladies and gentlemen,…