A better explanation of one of the ways Europe is screwing itself up: TARGET2

Once again, from Michael Shedlock: https://mishtalk.com/2017/02/24/fuse-is-lit/#more-44337

He was amusingly anti-Obama and now he is irritatingly anti-Trump . . . but he still calls the economics like he sees it. And right now he sees the Euro zone as a bomb with a lit fuse (but nobody knows how long is the fuse).

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