All the gains post-Draghi's bazooka-est efforts in March have gone as bank credit risk is spiking…Today was the biggest jump in EU bank credit risk in 2 months…
And the last 4 weeks have seen the biggest collapse in European banking stocks since April 2012.
Having blown his wad in March and been front-run by every Tom, Dick, and Harry trader, "whatever it takes" appears to be failing hard and with nothing left up his sleeves, Mario may not be so super anymore.
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